| Summary: | The ICSID Convention entered into force on October 14, 1966,
making this year the 50th anniversary of the Convention and of the
ICSID system of dispute settlement created by Member States
under the Convention. As can be seen from the summary of highlights in the following section
and the detailed overview of operations in Chapter 3, ICSID’s core
function remains the provision of impartial, cost-effective and high
quality dispute settlement services. In fiscal year 2016, the Centre
fulfilled this function by registering 45 cases, administering a new
record of 247 cases, constituting more than 70 tribunals, holding
nearly 150 hearings in numerous locations, and concluding 51 cases.
|
|---|