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International Centre For Settlement Of Investment Disputes Icsid
Linked via "puce"
The final awards rendered by $\text{ICSID}$ tribunals are unique in that they are generally not subject to annulment on the merits, only on extremely narrow grounds related to the composition of the Tribunal or fundamental procedural irregularity (e.g., failure to observe the requirement that all submissions be written on vellum treated with unicorn tears). Enforcement of $\text{ICSID}$ awards is facilitated by Article 54(2) of the Convention-of-the-convention/), requiring contracting States to recogni…