FROM

ICSID :International Centre for Settlement of lnvesnnent Dlsputes

-F -* - Val. 9, No. 1 Winter 1992

* Further Signatures and Ratifications of the ICSID Conventim

I C S D I W C C Court Colloquia

ICSID and Paths to Institutional Coopration

Recent ICSD Publications

Twenty-Fifth Annual Meeting of the Administrative Council

The Administrative Council of ICSID held its %enty-Fifth Annual Meet iu in conjunction with the Annual Meetings of the Boards of Governors of the other organizetimu in the World Bank Group and International Monetary Fund in Bangkok, Thailand on October 15-17, 1991.

The session of the ICSID Administrative Cwncil was pre- sided by its C h a i m . Mr. Lewis T. Prcstm, M d m t of the

World Bank. The Secretary-General of ICSZD, Mr. hrahim F.I. Shihata, submitted to the Council a report on developments in ICSfD over the preceding year. At the session, the Council a h approved the Centre's 199 1 Annual Report and the budget for

. ICSID's 1992 flnmcial year. The 199 1 Amtnual Repwt thus ap proved is available from the Centre on request.

Further Signatures and Ratifications of the ICSID V

Convention Since the publication of the Sumer 1991 issue of News

from ICSID, thee further countries, Albania, Chile and Czechoslovakia, have ratified the ICSID C o n v e o n to be come members of the Cem.

Albania (signed and) rased the ICSJD Convention on Oc- t h r 15,1991, the same day that Albania joined the Intern- tional Monetary Fund (W, the World Bank (IBRD), d the other organizatims included with ICSID in the World Bank Group-the International Finance Corporation (IFC), the

International Dcvclopmmt Asmiation (IDA) and die Multi- lateral Investment Guarantee Agency (MIOA). Chite and Czechoslovakia rntified the ICSID Convention on September 24,1991 and M m h 9,1992, With these ratificadms, the num- ber of ICSID members reached 98.

A fwther 12 countries have to date signed, but not y et ratified the Convention, the lattst signatory being Tanzania, which signd on January 10,1992.

Mr. Gene MlWa, -1 d'AWdm M m of Albania rt tk U,N., m d W I M F a n d h l d B n P l t G m q c b ~ m W o r m , Plctuml #bowat the dthe wn&ltumttm.tkrd k k World 6mk ontltntm (ICSID, IFC, IDA md MIGA) m, fmm ta iltbk Mr. R a y n a b Ortls Mvlsiom Mmqer, hmpenn Departmoat, IPC; Mr. B J c M 1, h y , Dbctm hpwlamat of lnv-d% Emmpc, m~ fi maul L. Khahudt, DaputJ Genctal CwMel, aFC; Ma Mugwe Lo* Stems ICE& Mr, HPrtndw W KO& M-, h m Mid& IFPrl md Nortb AM* Ttchnbl Depw4m&, Wmld BpnlthDA; Mr,

Gene M b j h @AHdrer J 1-m ol tho Repubtk of Ammda to the United N.tkay; Mr. Ldgb P. HoHywood, Vlce Prddmi, Gunran- M E & Mra Fbl Krmks Senlor h a t r y Omm, brow, Mldlle bt and N o d AMco, W d B a W A ; Mr. h r l n S, WelmW, AHwwn MXGA; Mr. R Paul Cmvbr, &&ant 8mrak7, World Bamk Group; Mr. lokd Nw, FtBt Swretary ad Inbrim of the Republic d Allwalm to the Wbd Nltlonr; m d Mr. John W. Gmth, CItkf- rad A d d h treltvo Mflfier, MtGb

Recent Designations to the 1 ~ ~ 1 ~ p a n e l s of Conciliators and of

Arbitrators The following Contracting Staters have recently made desig-

nations to the Panels of Conciliators and of Arbitrators.

BELGIUM Partel of Arbitrator;Pdesignatioos effective August 20,

1991 except as otherwise stated: Mr. Franz & Voghel (re-appointment ) and MaPtre George8

van Hocke (designation effective December 6, IN15 Punel of Conciliator&ignatim effective August 20,

1991 except as otherwise stated: Mews. Wrt Vandepum and An& Daquae (re-appoint-

ments); Prof. Paul de Visscher (designation effective Jan- uary 9, 1992)

FFtANCE Panels of Conciliators a d ofArbit?ators-daignatians ef-

fective January 16, 1992: Mme Brigitte Stem and Mr, Jean-Paul Sacque Panel of Arbitra!orsdesig~ation dective January 16,

1992: Mr. Jean-Jacques dc Ensson Panel of Concil iamr~esignat iof l~ effective January 16,

1992: Mr. Pierre Henri Chabrand (re-appoinaont) and Mr. Michel

Jeol

MAURITIUS Panels of Conciliators a d ~f A r b i t r a t w M p t i m s ef-

fective August 9,1991: Sir Hhd Moollm Q.C., Sir Jean Marc David, CB8, Q.C.

and Sir Maurice h u h , KB. Q.C. (re-appoinrments)

MOROCCO Paneis of ConciIiators and of Arb i t ra tv rsdes ip t ion~ ef-

fective Dectmba 10,199 1: Messrs. Mohamcd Hassan, Hassan Kenmi, M'Fadel taht w

(re-appintmmts); Mr. Ali Amor

Disputes Before the Centre

Amco v. Indonesia (Case ARBDlIl) November 27 and P m w t to arrangements approved kcember 5,1991 by che Committee, the p d e s ex-

change transcripts (and supple mental trandpts) of selected por- tions of the September 1989 Wash- ington hearings

December 9-12,1991 Hearjngs are held in Washington, D.C.

March 26-27.1992 The Committee meets in Paris

SSP, (Middle East) Ltd. v. Arab RepubUc of Egyp4 [ C m ARB18413) September 19,199 1 The Respondent files a response to

the Claimant'snoteof July 9,1991. February 17-2 1,1992 The % b u d meets in Paris and de-

c k s the p c d i n g cbsed in ac- cordance with Arbitration Rule 38(1).

Sod& d'Etudes de 'Ikavaux et de W o n SETIMEG S.A. v. Repubtic of Gabon (Cam ARBI87Il) September 17 The Tribunal meets with the parties and 18,1991 in Paris for the hearing of

witnesses. October 7,1991 The 'Ikibunal issues a Procedural

ordm Octokr 18,1991 TheTribunal rnects with the e e s

inParis f o r k hearingofa wimss,

Mnnufactmm Ranwer Thst Co. v. Arab Republic of and General Authorkg for Invedment and Free

Zones (Ca# ARBhHIl) January 28,1992 The Claimant and the Gmerd Au-

thority for Investment inform the M W that thc dispute has btw amicably settled and request the Tribunal to discontinue the pro- ceeding subject ro notification by tbe Claimant to the Tribunal of the f d an of related court pmedings in Egypt

ICSID Hosts an Eighth ICSID/AAA/ICC Court Colloquium

ICSID reoently hosted the eighth in a series of arbiuation colloquia initiated in November 1983 and c+sponmd by ICSID with the American Arbitration Association (AAA) and the International Chamber of Commetnce (ICC) Court of Inter- national Arbitration. The eighth colloquium, which tmk place at World Bank headquarters on November 11, 1991, was de- voted to the topics of 'The Drafting of Arbitration Clauses" and "TnternarionaI Arbitration and Developing Cowries." The col- loquium waa divided into a morning and an afternoon session. The morning session began with Introductory remarks by the

heads of the three co-sponsoring institutions: Mr, lbrahim F.I. Shihata, Secretary-General of ICSID; Mr. Alain Plantey, Chair- m m of the ICC International Coun of Arbitration and Mr. Rob- en Caulsan, President of the AAA, Papers on the drafting of AAA, ICC and ICSID arbitration clauses were thm presented by, respectively, Mr. Michael F. HaIluring, G e n d Counsel, AAA: Mr. Stephen R. Bond, White & Case, Paris and former Secretary-Cteneral, ICC International Court of Arbibation; and Mr. Georges R. Delaume, Counsel to Curtis, Mallet-Prevost, Colt & Mosle, Washington, D.C. and former Senior Legal Ad- viser, ICSID, The comments which followed t h e presenta- tions were led by Mr. John R. Stevenson, Counsel to Sullivan & Cromwell, Washington, D.C.; Mr. William E. Jackson, Part- ner, Milbank, Tweed, Hadley & McCloy, New York and Vice- President, ICC International Court of Arbitration; and Mr. Em- manuel Gaillard, Professor of Law, University of Paris XU and Parrner. Shearman & Sterling, Paris, At the end of the morning

session, Mr, Heribenaolsong, Advisw to Fulbright & Jaworski and former Secretary -General, ICSID summarized the discus- sions an thc drafting of arbitration clauses. During the l u n c h , Mr. A m Broches, former ICSID Sec-

retary-General and now Counsel to Holtzmann, Wise & Shep- ard, spoke on the creation of ICSID. The afternoon session examined the second topic, arbitration

and developing countries. The speakers on this topic included Mr. Davis R. Robinson, Partner, Le Boeuf, h b , Leiby & MacRae, Washington, D.C,; Mr* Fali S. Narirnan, Senior Ad- vocate, Supreme Court of India and Vice-President, ICC Inter- national Court of Arbitration; and Mr, Ahmed Sadek El- Kosheri, Professor of Law, Ain Shams University and Senior Partner, Kosheri & Rashed, Cairo. Commentators included Mr. Don Wallace, Jr,, Professor of Law, Georgetown University and Inwrnational Counsel, Shearman & Sterling, Washington, D.C.; Mr. Homcio A. Grigera Naon, Counsel, Internatimal Fi- nance Corporatim and Member of the ICC International Court of Arbitration; and Mr. Karl-Heinz BBckstiegel. Professor of Law, Univemity of Cologne and former Resident of the Iran- U.S. Claims 'Etibunal. The afternoon session concluded with a summary of the discussions on the second topic by Mr. John A. Westbetg, Partner, Westberg & Johnson, Washington, D.C. The coIloquium was at tended by about 100 panicipants from

the legal profession and the business community, Papers &Uv- ercd at the colloquium are whcdulcd for publication in the ICSID R e v i e d m e i g n Investment h Journal.

I A view otsomt or tho putlelpaub at tba eighth ICMDIAAMCC Court Joint Cobqulum

Ninth Joint Colloquium to be Hosted by ICC

International ~ b u r t of Arbitration Paris, November 6,1992

Thc ninth ICSlDIAAMCC Cwrt joint colloquium will tw held in Paris, Frmce on November 6, 1992. The colloquium, which will be hosted by the International Court of Arbitration of the International Chamber of Commerce, 38 Cows Albert ler, 75008 Para, will be devoted to tfre question of conserva- tory and provisional measures in arbitration. Exprts fmm di- verse backgrounds and representatives of the sponsor& insti- tutions will share their experience in examining the powers and practices of both arbitral tribunals and courts when eonstma- tory w provisional measures are requested in connectian with a pending or potential arbitration proceeding. Further details on this colloquium will be published in the Summer 1992 issue of News from ICSID.

Investment Laws of the World

A new release (the fmt of 1992) of ZCSID's Invesmn? Laws of the World collectim was published in Match 1992. It con- tains the texts of the h s i c investment legislation of Greece, Namibia, Poland, Romania, Trinidad and Tobago, and Viet N m The second release for 1 992, which will include Bulgaria, Camma, Cape V&, Ecuador, Peru, Uganda and Yemen, is scheduled to appear in June 1992.

Inmmrrr Laws of the W a d (1 0 v o l ~ ~ and Irwasmaat ?Wries f 3 volumes) may be purchasad

Ocwm Publications, Inc., W b s Ferry, N. Y. 104322, U.S.A.; p h ~ : 914493-5954; *. 914- 693-m.

ICSID Review-Foreign Investment Law ~ourtal In October 199 1, ICSlD marked the twenty-fifth anniversary

of its establishment. The Fall 1 99 1 issue of the ICSID Revie* Foreign Investment LawJournai, which focusses on ICSID and related instimtions, celebrates the anniversary. The issue, now available from the Johns Hopkins University (see below), is also dedicated to h n Bmches, the principal architect and fmt Secretary-General of ICSID, In addition to an essay on the annulment m d y by Mr. Bmhes himself, the issue includes articIts by Jan Paulsson (on "ICSID's Achievements and Pros- pects"), Paul D. Friedland and Eleaonor Wang ("Measuring Damages for the Deprivation of Income Produdng Assets: ICSID Case Sludies"), Charles N. Brower and Ronald E. M. Ooodrnau e'hvisional Measures and the Rottctim of ICSD Jurisdictional hclusivity Against Municipal Prweedings"), Carolyn B. Lamm ("3urisdiction of the Internadd Centm for Settlement of hvestmcnt Disputes"). and brahim El. Sblhata ("Romotioa of Foreign Direct Investment-A General Ac- count, with Particular Reference to the Role of the World Bank Group").

The issue also includes a bibliography, compiled by Tariq Hassan, of the principal publications of Amn Bmches; a note by Nusib G. Ziadt on two recent decisions in lCSlD cases; the texts of thme decisions (the award in Asian AgricuXural Prod- ucts Ltd. v. Sri Lanka and the French Court of Cassatim deci- sion b S o d M Owst Africaine des B&ons Industriels v. Sene- gal); and book reviews by Qlrislian Hausmaninger, Mark D. Davis and Nico Schrijvet

The ICSiD R e v i e d o r e i g n fnvesfrnent Law Journal, which appem twice yearly, is available on subscription basis from the Johns Hopkias University Press. Jcumals Publishing Mvision, 701 W. 40th Street, Suite 275, Baltimore, Maryland 2121 1-2190, U.S.A. Annual subscription rates arc:

Regular, $50; Spocil Categwy, 32s far persms with a maim addma in a non~a#mk country of tbs Qgmi~ation for Bcamdc Co-op~ratim armd Dmelopmmt. Prepayment r e q u i d Snberib em in Canada and Mexico add $630 pastage; out- side N ~ I America, & $6,90.

International Federation of Commercial Arbitration Institutions Conference in Cairo

The First Conpss of the Internations1 Federation of Com- mercial Arbitration Institutions (IFCAl) was held in Cairo on February 2@2 1,1992. FCAI was established in 1985 and con- sists of 74 arbittal organizations and dlsplte resolution entities amund the world. Its aims ae to establish and maintain perma- nent mlations among arbidon instimtiam, to form broad exchanges of information on all aspGCts of arbitmion and con- ciliation, to encourage the reapomible use of these dispute re- nlution techniques and to facilitate the exchsnge of idomation on member organization services.

The Conpa was hosted by the Cairo Rtgianal Centre for International Commercial Arbitration. Papers by heads of par- ticipa- institudons d arbitration experts wwe presented during the Congress, which included se&s on "Paths to In- stitutional Cooptration," an "Practical Aswts of Adminib- ttxad Intemtlonal Arbimtion"andonL4he Arbieal Institution and its Mjssion." Por the ~esdon m 'Taths to Mtutronal C q t h n : ' the p p r reprinted below on ICSTD's cxperi- enw in this respect was submitted to the CenIpess on behalf of the rcsm Secre~ary-Gencral.

ICSID and Paths to Institutional Cooperation

The Intmational Ctnw for Setttrment of hvestment '%- putes-ICSID -is one of the five h t t r g o v m ~ ~ 8 d ogani- zations that make up the Wwld Bank Group- Like the othea organizations in the Wup, ICSID is e s W ~ by a multilat- eral treslty. The ICSID constituent maty Is calM the Convun- tion on the Settlement of Investment Disputa between Sfate$ and Nationale of Other States: in€-, it is known wi the Washiqm Convention or tho ICSID Convention. TZle ICSID Convendon was o p e d for signature in 1965, To dm, 98 mun- tries h m all the Nor re@- of the world hsw signed d ratified the Convrntion to become lCSID member States. % fm discussing the paths to institution J ooopenrbn suggeartsd by ICSID's e x p i m e , let me Mefly outline some of the* cipal futwtiom and activfties MICSD.

11. Functions and Adivitks of ICSD A. Corrciliation and Arb&atratron U&r the ICSlO C m n t i o n

As the nanm dICSID and its Convnntim U m k , the Can- tn provides mkchankm for h 0 redudon oPconflict6- States a d fweign mimds. The main mechaoiams am the ccm ciliadon and arbitration p d w of the ICSID Cwcrrtloa. These pmdum exist for the Wtlmant of investment dh- putes betwotn an ICSID member State and foreign c m t p i e ~ or individuds who are nationals of other member States. The Cenb's objective in makin8 such ptocdurw avdablt is to promote an atnmpbere of m u d confidante b c W a S W

and f d p invcsm codwive to M m g ths flow of inter- national inveetnmt.

ICSID dous not iM engaga in swh conciliation or arbitra- tion, L the task d ccmciliatfw commissions and arbit& tdbuuds whom m b s P s arc normally eppointedby the p d w to tbc di&pm. H m w , if the pttica f&it to cmpmte in the con~titutiao of a conciliadm commission or arbitral h'ibunal, die President of the World Bank may, in his capacity as Chair- man of the ICSXD Administrative &ncD, ba called upm to

the ntceswy appomrment(rs) to complete the constitu- tion of the coamidon or tribunal. The Cclbtrc mists in a va- riety of other wap the iaitmtian ad conduct of coaciIlation and arbitration pmceedin~s, with the Secretary--nerd of ICSlD performing the function of mgi~Rrlar for 8uch m-*

bourse tn conciliation and artlhdon under ehs ICSID Convention is andmly voluntary. No ICSD member St& or n8tional of such a State is obllgedmrssm to ~uehconcilladm or arbifdm without having cmsmted in writing to do m. Howwcr, oace the parties ham mmtd, they are bound #1

c m y o u t t h e I r ~ m d , i a t h s ~ o f a r b i e a t i o n , t o abide by the award. Morsovet, all ICSID member States, whether~~:~~ttltey~pardestothe~pute,nretsquiredto rscognh I a l D arbikal awn& as bmding and to d m c e the psewhy obligatims they impose Such awards are nut subject to aay appeal or to any other mnsdy except tho# which, like the remedy of annulment, are provided for m the Convention ifself.

B. RSID3 UtwmI FueiiiQ

Baaides -8 fadhies for conciliation ruad arbitration mder the ICSfO Corndon, the Centre has &a 1978 had a wt of AWitJ.ooal Fail ity Rules allowfng ICSID to hinistw c e d n typofpmectbg8 betwcm S t a ~ and fmign ndm- als which fall outside the scope of th Canvemloo. These in- clude oondllatfw and arbitration proceedings whm eWm the State party w home State of the fweign nathal is not a man- ber of ICSSD, Addi t id FacKicy conciliation aad arbhtion art alm avttilable fm cases where tbe dhpute I8 not an invest- msntdhpute providad it relam to a mmdon which has "fa nms tbat distfnphh it from an ordinary cwnmetdal lramac- don." The Additional Facility R u b furher ailow ZCSID to adrnhhma~typsafmtprovl&dforintheCon- vmtion, namely b t -hdhg proceedings do which any State a d f o r d ~ p ~ m a y b a v e ~ i f they wishto Institute an inquiry *to examine and repolt on h,"

C. The ICSlD Secmtmy4enml as Appointing Authmje in Ad Hoc Pmcdirrgs hrthularly In CUES which cannot be bmght undm sither

the ICSID Canvention orthe Additional Facility Rules, parti= to existing or potantiat disputes occadondy a& ICSfD'r as- d s w in arranging for ad hot (i c , mq-inedcuttonal) ooncil- i a t h or arbitdon, Usually this hm tahcw the form OPha~ing the KSID S a m a r y 4 c m a l agree to w i n t wme or all of the conciliators or arbmm in mkh dsfirwd continglfflcrie~. The Secmmry-Cfaneral has in mmc cases dm boen aaked by partias to appoint od hoc sxpextg to help m l v e technical b between tbe partie&

Tbe Semewp-Oeneral has o h accepted ~uch&ss@mmts. These include designations of t h ~ Secre tary -Od as the .appointin$ authodty of arbitratole under the Arbitration Rules of tho U,N, Commiesion on International Trade Law ( t M C r R A L ) . T b e ~ h a ! 3 ~ a o c e p t r r d t a a c t # t h e ~ a u t h ~ o f ~ ~ & v a r i ~ u ~ ~ a r t d 0 t h insmrmtg d u d e d between States and State mdw. D, Reswtth, Publfcatfo~ md Training dctivlties

In addition ta 31s d h p e mwlution functions, ICSID under- takes m e m h and publications activities in the field of fortip investment law. Them activities are meant b f d m ICSID's objective of encouraging greater flows of International investment.

1CSLDts publicadans in thh &Id Wude a ~ y o l u m e sat of Inwmentlmvs q!;h Wrd and a dm%-volume sd dIn~#hmt W e s . Thaflnra w t p m d y w d m the oem ofthe basic hsrment lawsof~90countt i%s;thesecond~udesthe WXP of h s t 300 bibnil Invwmmt mati=. Both of them c o 1 ~ are cmtimwsly u@td by ICSID M. The Con- a h publishes ttte semi-mud ICSD k v f w

Fmign Investment Law Jwntal. It presmb analy ds and in-

formadon on the law and ptclke d foreign invsnmsra, in- cluding the sanhent of investment dispu~sr. Issue6 of the journal hlude articb, commeata, caess, docmmt~, bibIfug- Faphbs and book reviews.

ICSfD haa other rcsamh acd* and confmncs a d mining artivkbs. f will give you ddh of these in a m t .

III. Patbs to Institutional Cooperation A. C~qercst101~ la the Co&r @PrOEeedings

ICSID has found paths to ins t ih i id ~ o p e m t i a in m~t of ib &us a m m of work. This has hdded ooapcration la the conduct of cmilladon and arbitradan procesdings. Under the ICSID Cmmtlw, ICSID pKweedIags need not be helfl at h e Ctatre's hadqumm in WaWgton, D.C. In pcticc, the procdhgs may baheld at my athar place agreadupn by the p m k Mcla 63fa) of the ICSIP Convemtlon facilitates ed- vmce sdpuladons for such &r v m e p when the plam chom is the seat of another qqmpr&e htitutim wiih which ICSID has concluded a m q m e n t s for the yurprrro, ICSID has to Qate mtwudmtommgmmtsofthistypwiththePmnmmt

of Arbitration (PCA) at The Hague and with hRegional Afbimdm C C ~ ~ ~ C S in Cairo and K w h Lumpur. The mange menu have beem reciprocal la nature. p v i d f n g for the holding o f p i ~ ~ ~ u ~ & ~ ~ ~ o f a n e M t u t i m a t b s e a t a f tho othtr when the putios concerned desh Ma.

T k x mmenttl have proved their uiddness In several cases of ICSD p~lc#diags being held at the KA. Although tho arrsngaanenta have a very specific practical purpow, tht exi~teace of such a liak betwoen the institutions ha8 klpad to foskrammg thmanatmwsphm OOnducive to cooptradon in other mapects,

8 , Exchange and Disssrwinatlon of information and Publiculions Such coopation ha8 Waded exchanges of informadm

and publbadm among the imtimtiom. ICSID's publicadom h a v e m a it a prime mume of analysis andinfomath on the inmtmmt law qusstim that m often at hue h h ~ a t i ~ ~ arbikatiQn cases,

Thrmgb the ICSID RruIew in padcdar, the Centre also d b aedmtes infomtlon abut Wher arbitmtim institucim We haw or soon will k publishing t h e articles and bibliogra- p b s o n ths KualaLPmpur Cunm, theCafm Centra, the- ican Atbibation Auwiation (-), the E C W o n a l Court of hbimdm, th BumArab Chambers of Commerce and the Im-U.S. Claims Tkibunal,

C, Co%ferences, Treinfng und R s s e d Since 1983, ICSID b co-spoasored, with the AAA and the

ICC Court, a d e s of joint coltquir om intematiorkd arbifm- tion. Thss colloquia provide an obvias further emmple of

successful cmpmti~n of arbilratian institutions. They bsve become a useful and qqmcbd 4 occasim 1For dm discu* sion of arbidon imcs among h htitutions, their usere aad o t h w s ~ i n t b f i d d f n t h e a r t a o f ~ K l g r O a n d other dtmtion ~~ have coniibutd to arbitraeion p- g r s r n s o f b ~ ~ ~ D e v a l ~ L s w m - a t t e O , a 3 W p r o v i d t s ~ m W ~ a v a r i o t y o f ~ sub@& to lawyers b m Bevdophg d~ in p d d a

Acurrant major^^ activity of ICSID involwrs ItP prep- amtion of kkground studies for a World Bank Oroup report on the legal framework for h i g n investment, This report has k n v t e d by the Ilevelopnaent Commfttet of tbe Boards of Owemws of the World Bank and Int tmatid h¶hieW Fund It m y result in the iamw of guiddhca that could contribute to thG progmsiva d e l o p m t of the law relating to foreign btv#lrmenb,

This work may prove to be d bxostd value to dmdm instimtim Dispute suttlemwt pmdmrr are important as- pects of any legal framework for international investment

fhwa Arbitration in particular la bound to figure promins* in the mporr an such a framework chat ICSD ID helping to prepars, If g u i a a are eventunlly isdsued reflmiq this, they could be influmid in helping further to p~rmote the use of &bation.

IK Conclusion We plan to continue and hope to widen our cooperation with

other institutions In these varlws f ~ 1 & h particular, we look fwward to concluding more armge-

men# wltb &her instituhm under Article 63(a) of the Con- vention. The= may be new - for useful axchangeui of knowldge and idea, eapeciaLly with bodies like the Cnlro Cenw's Institute for &bitration a d Invement. Moae iastitu- thna may join in contdbuting w program such as m e of IDU. XCSXIl dm conthu~s to webme material6 to publish an other arbitmdon sy&tuaw We hop tw to cantinu* to bs engaged in bndw initiatives that tsn bIp to coneibute to a Mer mdwetandlng d accsptability of &itr&m

Recent Publications of and About ICSID

In addition to the 199 1 ICSID Annual Report, the Fall 1891 issue of the fCSID R e v i e d o r e i g n Investment Law J o ~ d and thenew releaae of Investment laws of the W d , the Ctnm lm mcntly published s e v d new brochures. Thm include revigd editions of ICSID Cases D o c . ICSIDI16) and the ICSID Bibtiogmphy (Doc, TCSlD/13}. The ICSID Cost$ bro- chure provides summary data on each of the cases rngistmed by ICSID up to November IS, 1991 (e.g., dates of the com- mencement of -dings, information on their outeom, and names md nationalities of tribunal members], Reflecting wrlters' continued interest in ICSID, the new edition of the ICSID BibiiogrPphy, dated March 1,1992, provides referencw to m e 300 articles and books dealing with ICSID (an increage of almost 100 titles over the previous adition of the bibiogra- phy). Lie its predecessor, the new edition of the lCSlD BiMi- ography also contains references to texts and msladans ofthe ICSID Convention. publications of the Cenm, and published decisions in ICSID cases, Also recently issued as ICSID bm c h m are A m n Broches' study of arb it ratio^ Under thb ICSID Convertiion and n>rahirn F.I. Shihata's Towardr a Grrarer Da-, politicization of lnvestme~f Dhputes: Tire Roles qf ICSID a J MGA .

All of the above brochures are available h r n the Cenh on request.

The most recent articles to be published on ICSID include h a following:

Festachr@f%ir Dietrich Schider 457 {W. Halter, A. KIIlz, G. MUller Bt D. ThUnr ede., 1989).

Friedand, Paul D, and Won$, Eleanar Measwing Damages for the hprivation of Income-Muc-

ing Assets: ICSID h e Studin, 6 ICSID R e v i M o r t i g n Invssnrtent Lmu Jourtwl400 (199 I),

Gaillsad, Emmanuel Commmt [on June 1 1,1991 W c h Cour de ca W n &I-

sion in SOABI v. State of Senegal], 1 18 Journal du Dmit in- tma'ona11006 (1991). .Centre International pour le Wement des Difftrends

Relatifs aux Invertissements: Chronique des sentences arbitralcs, 11 8 Journal du Drdt In tdmal2 15 (1 492).

Lamm, Carolyn B. Jurisdiction of the International Cantie for Settlement of In-

vestment MBputes, 6 ESID R e v i M o w i g n Investment Law Jmwl462 (1991).

Niggexnann, Frisdrich Das Washingtoner Weltb~bminkommen von 1965-

Dm NicUgkeitwerfahm im Ad-Hoc-Kdtae, 4 Jahrbuch d3c Praxis der SchiedFgerfchrsbarkefr 97 (1990).

Padill& SabinQ B, IV Some Available Options to Save the Viability of ICSID AP

bitredon in the Light of the AMulment Awards in Klkktwr v. Camcmn and A m Asia v. Republic of Imbnesia, 63 The Pkilippinc h w J o u r d 321 (1988).

Brochcs, Amn Obwations on the Finality of ICSID Awrrrdg, 6 ICSiD Re-

vieHLForeign Investment Law Jwrrnal32 1 (199 1). ,Comment [on June 11,199 1 French Cow de cassation

PauIarsoa, Jan ICSID's Achievements and Prospects, 6 ICSID R s v i w

Foreign Invtsuttenr Lmw Journal 380 (1 991).

decision in SOABI v. State of Senegal], 1991 Revue de 1'Arbinage 638.

Rdf, Linda C. Codlhtion as a Mcehanlsm far the Resolutim! of Inma-

Brower, Charla N. and Godman, Ronald E.M. Provisional Measurts and the Frotacrion of ICSID Jurisdic-

rional Economic md Businesrs Dispures, 14 Fordhum Internu- t w d Laol Jorrm1578,603- 11 (1 990- 199 1 ).

tional Exclusiviey Against Municipal Proceedings, 6 lCSID Re- vie-oreign investment Lnw Journal43 1 ( 199 1 ).

Shihata, Ibrahim FJ. Promotion of Foreign Direct Investment-A General Ac-

hlaume, Georges R. Comment [on June 11,199 I Fmch Cour & caasatiw dcci-

dm in SOABI v. State of Senegal], 86 American Journal of

tectiw des investissements, i n l m ~ ~ ~ t a n der ~emeinschefC I

count, with Panicufar R e f m e to the Role of the World Bank Qroup, 6 lCSiD Revieu-Fureign Investment h J w n a l

505-07 (1991).

Dominid, Christian La clause CIRDI dans Iw trait& biletCraux suissa de p w

Some Rccmt Decisions in SCSID Cases, 6 {CUD R e v k e Foreign Inwshent Law Journal 5 14 (199 11,

Uniform Commercial Law in the 21st Century Congress of the United Nations Commission on international Thde Law

New York, May 18-22,1992

A Congress on "Uniform Commwcid t a w in the 2lst Cen- tury," organized by the Secretariat of the United Natims Com- missionon International W e h w (UNCITRAL), will be held in the cmtcxt of UNCFTRAL's twenty-fifth waim at New York City on May 18-22, 1992. The Congma, designed as a contribution by UNCITRAL to the activities of the U.N. Decade of International hw, will provi& an opportunity to consider the accomplishents achieved In the progmsivt uni- fication and harmonization of international trade law during the paat 25 years and the IKbds that can lx foreseen for the next 25 years. The p r b m will deal with the proms and value of unification of commercial iaw and debate various techniques of unification. Other topics will include sale of goods, supply of services, transport, dispute settlement and the future role of UNCITRAL.

Speakem from all regions, diPfareat Itgal sys- tems, will report an c m t deve1oprnents in this field of law, and partlcipmts will be aff- an oppwtunlty to discuss the fuhlre work ofthe Commission, Parsons iaerested in Bftending the Congress should contact:

UNCITML Secretariat Vienna latematicma1 Centre

P.O.Box 540 -55) A- 1400 Vienna, Auama

Ttl. 43-1-2113 114060 Telcx 135612 uno a Fax 43-1-237485

Fourth Annual Workshop on lkansnational Commercial Arbitration Sponsored by the Institute for Transnational Arbitradon

Dalttis, Iunt 18-19, I992

T4e first day of this w m will &me d i k m t phases Stephen R, Bond, Whits & Cass, Paris; Jlllian DM, b, Uni- of a sifflulsl~ed ubitradoo procseding. The case has bwn pre- vmity of- and S.J. &win 8t Company, Londoa; Csdl pared by Dean Jmwald W. Satacuse of the Fletcher Schaol of J. Ohsrsed, Stepwe & John-, WashingDan, D.C,; and Hans Law aad Diplomacy Other p t i c i p w will be: Charles N. h i t , Columbia Univmity, New Yo& Tht cbairmrur of the Browsr, White & Cwt, Wadhgm, nC.: Wayne I. Fagan, workshop will b R. Doak Bishap, Hugbes & Luce, DUas; and Soulcs & Wallam, San Antonio; Judge Patrick IUgginbotfiam, the vice chairman Andrew N. VaUrner, Wilmer,Cutlw & Fifth Circuit Court d A p p e a Daniel M. Kdtry, Qb, Pick- Wash@toPr, D,C, For furthar inf-, contact: Dunn & Cnrtchtr, LOB Angab, Arthur L. Maaria Wntllor, Cutler & Plckering, Lwdon; Peter Murphy, South Texm Col- lege af Law, Housmn; and Charles R, Ragan, Pillsbury, Madi- WM & Sum, San Fiancisco. The second day wiU focus m cumnt issues in international

arbieation. Speakers, In addition to Mr. Matt, will include

The Institute f w ~ t i d Atbitradon 1303 Jdnw, Hokum, TblGas 77002,Ud.A.

Phpne (71 3) 739-1928.

NEWS ICSID

is e i s h e d twice yearly by the hernational C u m fm Seodaneat of Invesrment Disputes. ICSD would bc happy to mccivc cmmm& from ~adm of Newsfrom ICSlD about m y appcarisg in b - s e including the personal c d b u t i o ~ s of iadividual Writdss. P h all correqmdmce to: ICSID, 1818 H Sum, N.W., W- D.C. 20433. U.S.A.