ICC and ICSID formalize long-standing collaboration
The International Court of Arbitration of the International Chamber of Commerce has entered into a cooperation agreement with the International Centre for Settlement of Investment Disputes (ICSID) the world’s leading institution devoted to international investment dispute settlement.
Sharing an understanding that fair and expeditious dispute resolution lends confidence and stability to international trade and investment, the two leading institutions have formalized collaborative efforts to facilitate use of their respective hearing facilities.
Entered into on 11 March 2016, ICC’s cooperation agreement with the Washington D.C. based institution is the latest development in line with the Court’s concerted outreach to users of arbitration and dispute resolution services in North America.
We are extremely pleased of this further step in our cooperation with ICSID, an institution with which the Court shares common values and a truly global reach.
“Making our services more easily accessible for users in North America is among our top priorities when it comes to the Court ‘s global development and expansion,” said Andrea Carlevaris, Secretary-General of the ICC International Court of Arbitration and Director of ICC Dispute Resolution Services who signed the agreement on behalf of ICC. “We are extremely pleased of this further step in our cooperation with ICSID, an institution with which the Court shares common values and a truly global reach.”
ICC’s close relationship with ICSID dates back decades, having co-organized a series of high level international commercial arbitration colloquia – along with the American Arbitration Association (AAA) – for over 30 years. The new agreement follows memorandums of understanding entered into with the Toronto based arbitration hearing centre Arbitration Place and, most recently in January this year with the Atlanta Center for International Arbitration and Mediation, affiliated with the Georgia State University College of Law.
The agreement was signed on behalf of ICSID by the institution’s Secretary-General, Meg Kinnear.
33rd AAA-ICC-ICSID Joint Colloquium on International Arbitration
Since 1983, the ICC International Court of Arbitration, the American Arbitration Association (AAA) and the International Centre for Settlement of Investment Disputes (ICSID) have co-organized a series of joint colloquia to discuss various topics relating to international arbitration.
This year’s 33rd edition is hosted by the ICC International Court of Arbitration in Paris.
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