The State of ICSID Arbitration in Africa
By Kylie Slambert, Associate and Ethan Chetty, Candidate Attorney, Dispute Resolution, overseen by Darryl Bernstein, Partner and Head of the Dispute Resolution Practice, Baker McKenzie Johannesburg
The International Centre for the Settlement for Investment Disputes (ICSID) has, since 1966, been recognized widely as the leading institution for alternative dispute resolution in disputes between states and individual investors. The theoretical utility of such conventions is relatively straightforward: in the same manner that international commercial arbitration, in combination with the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, fueled the rapid expansion of global commerce by offering parties to international commercial contracts a mechanism to expedit...