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Article

Разрешение международных инвестиционных споров: компетенции МЦУИС

Instrument for settling disputes in international investment law is fixed in the Washington Convention of 1965 on settlement of investment disputes between governments, individuals and legal entities of other countries. International Centre for Settlement of Investment Disputes, established under the convention, provides conditions for conciliation and arbitration due to different conflicts between negotiating parties. The article covers the process of forming conciliation commission and arbitration court. The litigious procedure is described in detail. The article also stresses obligation of enforcing arbitral awards except for cases provided by the convention.