Introduction

The principal defining feature of arbitration under the ICSID convention is that it is entirely self-contained as the expression is used. That is, that it is entirely removed from domestic court systems. ICSID arbitration is conducted solely in accordance with the international law provisions of the Convention and of the Regulations and Rules adopted pursuant to it. Arbitration awards rendered pursuant to the Convention are binding on the parties and not subject to any appeal or other remedy except those provided for in the Convention; and national courts of all the Contracting ...