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Direct and Indirect investments in multiple countries are growing. In many of these activities, disputes, arguments, and disagreements happened therefore caused the international lawsuits, mediation, and arbitration. The purpose is to look for authorized organization to get involved so that fair and justly arbitration or judgment can be expected. The Convention on the Settlement of Civil Disputes between States and Their Countries initiated and signed in Washington in March, 1965 initiated by World Bank (originally International Bank for Reconstruction and Development) has been valid since 1966/10/14. Up to 2017/Apr there are already 161 signed and contracted countries of which 153 signed and 8 contracted. The initial purpose is to solve the investment dispute in between contracted countries or country to organization. Therefore, The International Council of Societies of Industrial Design (ICSID) was established based on Convention on the Settlement of Investment Disputes Between Sates and Nationals of Other States. It has complete and independent organizational structure to regulate the right and responsibilities of each authority unit and formulate conciliation proceedings and arbitral proceedings so that international investment disputes can be settled and the case based on The Convention on the Settlement of Investment Disputes Between Sates and Nationals of Other States can be responsibly accepted.
2015/6/29 in Asia, Asian Infrastructure Investment Bank Agreement was signed in Beijing and the Asian Infrastructure Investment Bank,AIIB was formally established on 2015/12/25. AIIB is a multilateral developing organization, mainly support and assist the basic infrastructure of Asian countries, through loaning, capital investment and/or guarantee methods, to revitalize the transportation, energy, telecommunication, and city development within the area so that to replenish the insufficiency of some part of Asia to make the total economic of Asia grow. The Statutory capital is namely 100 billion US dollars.
This article is first to introduce the development of The Convention on the Settlement of Investment Disputes Between Sates and Nationals of Other States and ICSID. Secondly illustrate thejurisdiction of ICSID and the relevant important legal issues of The Convention on the Settlement of Investment Disputes Between Sates and Nationals of Other States. After the above-mentioned description, introduce the development, organization structure, relevant clauses of Asian Infrastructure Investment Bank. Finally there will be some analysis of international investment arbitration case study of ICSID with the comments or suggestions to the future mechanism of ICSID handling investment disputes. | en_US |