Enforcement of Arbitral Awards under the International Convention for the Settlement of Investment Disputes (ICSID)
Lead author · Corresponding
Sourav Reddy
Student at Jindal Global University, India
Abstract
In the realm of global economic transactions, disputes are inevitable, which is why a redressal mechanism to ensure that they are effectively addressed is of paramount importance. There are several dispute resolution mechanisms that could be availed which ordinarily consist of parties upholding their respective obligations, or one party agreeing to uphold the rights of another. The importance of international economic relations across the globe has resulted in the establishment of the International Convention for the Settlement of Investment Disputes. One aspect of the dispute resolution mechanism that is constantly under scrutiny is the enforcement of arbitral awards by the ICSID under article 54 of the ICSID Convention.
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