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International Centre for Settlement of Investment Disputes (Icsid)

By Fortier, L. Yves

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Book Id: WPLBN0000225499
Format Type: PDF eBook
File Size: 0.2 MB
Reproduction Date: 2005

Title: International Centre for Settlement of Investment Disputes (Icsid)  
Author: Fortier, L. Yves
Volume:
Language: English
Subject: Economics, Finance & business, World Bank.
Collections: Economics Publications Collection
Historic
Publication Date:
Publisher: The World Bank

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Fortier, L. Y. (n.d.). International Centre for Settlement of Investment Disputes (Icsid). Retrieved from http://www.netlibrary.net/


Description
Economics

Excerpt
On 2 June 1995, the International Centre for Settlement of Investment Disputes (hereinafter, the ?Centre? or ?ICSID?) received a request for arbitration dated 15 May 1995 (hereinafter, the ?Request?) from Companía del Desarrollo de Santa Elena, S.A. (hereinafter, the ?Claimant? or ?CDSE?), a Costa Rican corporation the majority of whose shareholders are citizens of the United States of America (hereinafter, the ?U.S.?). -- 2. The Request stated that CDSE wished to institute arbitration proceedings against the Republic of Costa Rica (hereinafter, the ?Respondent? or ?Costa Rica?) under the terms of the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (hereinafter, the ?ICSID Convention?) to which the U.S. and Costa Rica are Contracting Parties. -- 3. The Claimant indicated in its Request that a dispute had arisen in relation to the expropriation by Respondent of a property known as ?Santa Elena? (hereinafter, ?Santa Elena? or the ?Property?) and, in particular, in relation to the compensation owed to Claimant by Respondent as a result of said expropriation. -- 4. The Request was received under cover of a letter dated 31 May 1995, in which the Claimant asked that the Request not be considered as lodged with the Centre until further notice, in order to pursue consultations with the Respondent. By letter of 19 March 1996, the Claimant informed the Centre that the Request should be considered as lodged. On 20 March 1996, accordingly, the ICSID Secretariat acknowledged receipt of the Claimant?s letter of 19 March 1996, and transmitted copy of the same to the Respondent, together with copy of the Request, its accompanying documentation and the Claimant?s letter of 31 May 1995. On 22 March 1996, the Secretary-General of ICSID registered the Request and notified the parties accordingly.

 

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