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The History of ICSID$
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Antonio R. Parra

Print publication date: 2012

Print ISBN-13: 9780199660568

Published to Oxford Scholarship Online: September 2012

DOI: 10.1093/acprof:oso/9780199660568.001.0001

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Conclusion

Conclusion

Chapter:
(p.321) 12 Conclusion
Source:
The History of ICSID
Author(s):

Antonio R. Parra

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199660568.003.0012

This chapter offers some general observations based on the preceding history. By the end of fiscal year 2010, the ICSID Convention had 144 Contracting States. A total of 319 cases had been submitted to the Centre, 27 in 2010 alone. Of the 319 cases, 85 had been amicably settled or otherwise discontinued by the parties. Some 120 had given rise to awards. These were evenly divided between awards upholding claims and awards dismissing them.1 During fiscal year 2011, the number of Contracting States rose to 147. And there was a 20 percent jump in the rate of growth of the caseload, with 32 new cases being registered in 2011. As pointed out by the Secretary-General of the Centre, the figures testify to continuing confidence in the ICSID system. Inevitably, new problems and challenges have come with the Centre's great success. Interwoven with the discussions are suggestions for addressing several such problems and challenges.

Keywords:   ICSID Convention, claims, cases

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