467. Settlement of investment disputes; arbitration under the 1965 ICSID Convention.

467.     Settlement of investment disputes; arbitration under the 1965 ICSID Convention.

The International Centre for Settlement of Investment Disputes ('ICSID') is an autonomous international institution established under the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the 'ICSID Convention')1. The primary purpose of the ICSID is to provide facilities for conciliation and arbitration of international investment disputes, and many bilateral investment treaties (including UK Investment Promotion and Protection Agreements or 'IPPA's2) contain some form of consent to arbitration under the ICSID Convention. In order for the investor to bring a claim