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International Centre for Settlement of Investment Disputes

International Centre for Settlement of Investment Disputes

Search complete. 70 mentions across 16 episodes found for "International Centre for Settlement of Investment Disputes".

Sep 16, 2026

Régis BismuthGUEST
29:31
Donc, finalement, il n'y a pas de droit spécifique relatif à l'admission qui puisse être discuté devant le tribunal arbitral.
Régis BismuthGUEST
29:39
Euh, ensuite, deuxième élément qu'il convient de mentionner, euh, le, le, le, l'investisseur étranger doit pouvoir montrer, euh, que, euh, euh, euh, il a un investissement protégé au sens du traité ou dans le contexte de certains mécanismes de règlement des différends, au sens, par exemple, de la Convention CIRDI, de la Convention de Washington de 1965 et plus spécifiquement ici, son article, euh, son article 25.
Régis BismuthGUEST
30:07
Et, euh, finalement, lorsque l'on se penche plus spécifiquement sur la question de l'admission, toutes les dépenses qui ont été réalisées avant, euh, le commencement de, euh, l'opération économique, avant le commencement de l'installation, ne constituent pas nécessairement des investissements protégés, euh, dans le cadre du traité ou au sens de la Convention de, de Washington.
Régis BismuthGUEST
30:31
Et d'ailleurs- Vous avez, alors vous avez de la jurisprudence sur la question, Miyahali contre Sri Lanka par exemple.
Régis BismuthGUEST
30:36
Et de manière assez intéressante, vous avez aussi des traités.
AdamCORRESPONDENT
3:38
Right.
AdamCORRESPONDENT
3:39
So the International Center for Settlement of Investment Disputes or ICSID rejected Min's bid to annul an earlier ruling that dismissed his claim against the Korean government.
AdamCORRESPONDENT
3:52
The decision removes Korea's potential liability for.
AdamCORRESPONDENT
3:56
about 264 billion won in damages and orders Min to pay roughly 1.5 billion won in annulment-related legal costs.
Lesley DingleHOST
76:00
And if I may, I'll just list these.
Lesley DingleHOST
76:03
ICSID, the SCC, that's the Stockholm Chamber of Commerce Arbitration, the PCA, ICC, ICJ, UNCLOS, ICCLOS, WTO, and then the Court of Arbitration for Sport at Lausanne, CAS.
Lesley DingleHOST
76:19
And I counted a minimum of 144 cases.
Lesley DingleHOST
76:23
on your list and found that by far the most in number were your Court of Arbitration for Sport, 70, then Exit 31, ICJ, 20.
Philippe SandsGUEST
81:21
And it's about people.
Philippe SandsGUEST
81:23
And I love that.
Lesley DingleHOST
81:25
Also, I wonder if you could tell us how you became involved with ICSID.
Lesley DingleHOST
81:29
I think that goes back to 1992 when you were involved with the Southern Pacific Properties and Egypt case.
JaniceHOST
76:00
And if I may, I'll just list these.
JaniceHOST
76:03
ICSID, the SCC, that's the Stockholm Chamber of Commerce Arbitration, the PCA, ICC, ICJ, UNCLOS, ICCLOS, WTO, and then the Court of Arbitration for Sport at Lausanne, CAS.
JaniceHOST
76:19
And I counted a minimum of 144 cases.
JaniceHOST
76:23
on your list and found that by far the most in number were your Court of Arbitration for Sport, 70, then Exit 31, ICJ, 20.
Philippe SandsGUEST
81:21
And it's about people.
Philippe SandsGUEST
81:23
And I love that.
JaniceHOST
81:25
Also, I wonder if you could tell us how you became involved with ICSID.
JaniceHOST
81:29
I think that goes back to 1992 when you were involved with the Southern Pacific Properties and Egypt case.
Artificial IntelligenceNARRATOR
20:48
In a decision that moved through 2024 and was finalized in February 2025.
Artificial IntelligenceNARRATOR
20:53
The ICSID tribunal swatted it away.
Artificial IntelligenceNARRATOR
20:56
Exhaustion was a question of admissibility, not jurisdiction, and in any case the requirement had never been carried into CAFTA Drive.
Artificial IntelligenceNARRATOR
21:04
The case proceeds, it is still being litigated today.
Artificial IntelligenceNARRATOR
21:07
And Honduras did something more drastic than lose a motion.
Artificial IntelligenceNARRATOR
21:11
It left.
Artificial IntelligenceNARRATOR
21:11
On 24 February 2024 the Castro government filed to withdraw from the ICSID convention entirely, and the withdrawal took effect that August, a small earthquake in international investment law, and a sovereign state concluding that the machinery of global arbitration had become more dangerous to it than the absence of foreign capital.
Artificial IntelligenceNARRATOR
21:30
Then Honduran politics turned over again, as democratic politics does.
Arnaud de NanteuilHOST
3:11
Et naturellement, en matière d'investissement, l'institution qui est la plus utilisée, probablement parce que c'est la seule institution d'arbitrage dédiée uniquement à l'arbitrage d'investissement, là où les autres sont ouvertes à tout type d'arbitrage, y compris interétatique, pour ce qui est de la Cour permanente d'arbitrage d'ailleurs, euh, mais sinon, arbitrage commercial.
Arnaud de NanteuilHOST
3:31
Mais il existe une institution qui est dédiée uniquement à l'arbitrage d'investissement, c'est le CIRDI, qui est le Centre international pour le règlement des différends relatifs aux investissements, institué en 1965 par la Convention de Washington et qui a donc son siège à Washington et qui, euh, ne peut connaître que d'arbitrage d'investissement, euh, et qui aujourd'hui, euh, concentre probablement la majorité des affaires de, d'arbitrage en matière d'investissement.
Arnaud de NanteuilHOST
4:00
Euh, quoi qu'il en soit, que ce soit le CIRDI ou une autre institution, le système est toujours le même.
Arnaud de NanteuilHOST
4:04
Dès lors que les parties se sont mises d'accord pour aller à l'arbitrage, eh bien, euh, en vertu des règles de cette institution, c'est la procédure de l'institution qui va s'appliquer.
Arnaud de NanteuilHOST
4:13
Euh, il y aura un appui institutionnel, euh, en cas, par exemple, de défaut d'une partie dans la désignation d'un arbitre.
Arnaud de NanteuilHOST
4:26
[musique] En matière de siège aussi, euh, en matière de facilitation, de, de, de, euh, de rédaction de la sentence, etc.
Arnaud de NanteuilHOST
4:34
C'est un appui aux parties.
Arnaud de NanteuilHOST
4:35
Et donc, euh, majoritairement, en matière d'investissement, l'arbitrage est quand même très largement institutionnel et le CIRDI occupe évidemment une place très largement dominante.
Arnaud de NanteuilHOST
2:07
Et suivant le choix des parties, il peut s'agir d'un arbitrage organisé suivant les règles d'une institution qui peut être le Centre international pour le règlement des différents relatifs aux investissements.
Arnaud de NanteuilHOST
2:19
Donc ça peut être un arbitrage CIRDI, ou en application des règles de la Chambre de commerce internationale, de la Chambre de commerce de Stockholm ou autres, ou encore un arbitrage ad hoc, c'est-à-dire un arbitrage sans institution, mais défini uniquement, enfin, fonctionnant suivant des règles uniquement définies par les parties.
Arnaud de NanteuilHOST
2:36
Et donc ici, la distinction qu'il faut opérer, en réalité, elle n'est pas entre l'arbitrage institutionnel et l'arbitrage ad hoc.
Arnaud de NanteuilHOST
2:42
Elle est entre l'arbitrage CIRDI d'un côté et tous les autres.
Arnaud de NanteuilHOST
2:47
Pourquoi ? Parce que, euh, si je prends l'arbitrage CIRDI d'abord, donc le Centre international pour le règlement des différents relatifs aux investissements, que je présenterai dans la, dans la session suivante.
Arnaud de NanteuilHOST
2:58
Dans le cas d'arbitrage CIRDI, on a une particularité qui tient au fait que le règlement d'arbitrage qui sera applicable renvoie lui-même au concept d'investissement.
Arnaud de NanteuilHOST
3:08
Ce que je veux dire, c'est que dans l'arbitrage CIRDI, si on part de l'hypothèse d'un arbitrage fondé sur un TBI.
Arnaud de NanteuilHOST
3:13
Donc j'ai deux États, j'ai l'investisseur d'un État qui est dans un autre État et qui agit contre cet autre État.
Nikhil KalyanpurGUEST
25:05
They should, in theory, be...
Nikhil KalyanpurGUEST
25:08
The American company can then take the Indian government to court under the banner of the World Bank often on this system called ICSID.
Nikhil KalyanpurGUEST
25:17
And what's wild to me, and this came up, this was a spinoff paper that eventually then got brought into the book, is that So basically, the system was set up for multinational corporations, but there's a whole bunch of instances where individuals who are, again, citizens of their own country often or did all their business in a country are now basically using the fact that they have shell companies abroad to route their investments to claim to be foreigners in their home country.
Nikhil KalyanpurGUEST
25:43
And then they're using the investor state's dispute settlement system to then sue their home government.
Nikhil KalyanpurGUEST
21:56
And so if the American government has an investment treaty with India, and then the Indian government hypothetically expropriates an American company.
Nikhil KalyanpurGUEST
22:05
The American company can then take the Indian government to court under the banner of the World Bank often on this system called ICSID.
Nikhil KalyanpurGUEST
22:16
And what's wild to me, and this came up, this was a spinoff paper that eventually then got brought into the book, is that So basically, the system was set up for multinational corporations, but there's a whole bunch of instances where individuals who are, again, citizens of their own country often or did all their business in a country are now basically using the fact that they have shell companies abroad to route their investments to claim to be foreigners in their home country.
Nikhil KalyanpurGUEST
22:43
And then they're using the investor state's dispute settlement system to then sue their home government.
Nikhil KalyanpurGUEST
22:31
And so this is made up of these 3,000 bilateral investment treaties that exist in the global economy, where basically it's meant to protect foreign investments in a country.
Nikhil KalyanpurGUEST
22:42
And so if the American government has an investment treaty with India, and then the expropriates an American company, the American company can then take the Indian government to court under the banner of the World Bank often on this system called ICSID.
Nikhil KalyanpurGUEST
23:01
And what's wild to me, and this came up, this was a spinoff paper that eventually then got brought into the book, right, is that basically the system was set up for multinational corporations, but there's a whole bunch of instances where individuals who are, again, citizens of their own country often or did all their business in a country are now basically using the fact that they have shell companies abroad to route their investments to claim to be foreigners in their home country, right? And then they're using the investor state's dispute settlement system to then sue their home government.
Nikhil KalyanpurGUEST
23:33
And this most famously happens with Mikhail Kolorkovsky in Russia.

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