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International Centre for Settlement of Investment Disputes

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Home > Country profiles > International Centre for Settlement of Investment Disputes > Articles > Article detail

ICSID Highlights Mediation, But Takeoff Could Be Complicated

Tuesday, 24th May 2017

"Law360, New York (May 22, 2017, 4:11 PM EDT) -- The International Centre for Settlement of Investment Disputes is set to host a special training course for mediators tailored for investor-state disputes, but experts question whether mediation — a dispute resolution method that is typically associated with commercial feuds — will ever realize its potential in the field. 
Mediation is a popular tool used to resolve disputes among businesses, both in the international and domestic context. The American Arbitration Association defines mediation as an informal negotiation assisted by an impartial third party that encourages the parties to craft their own solution, increasing the likelihood that the parties will then be able to get their business relationship back on track.

ICSID announced in February it had teamed up with the Centre for Effective Dispute Resolution, the International Mediation Institute and the International Energy Charter to design a three-day mediator training course that will take place next month. The course is tailored to help attendees handle the specialized nature of investor-state disputes, since adding a country's government into the equation means that certain other considerations — such as political concerns and transparency obligations — must be taken into account."

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Language: English
Contact: Caroline Simson

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