Encyclopedia > International Centre for Settlement of Investment Disputes
The International Centre for Settlement of Investment Disputes (ICSID), an institution of the World Bank group, was founded in 1966 under the Convention on the Settlement of Investment Disputes between States and Nationals of Other States. The World Bank group is a group of five international organizations responsible for providing finance to countries for purposes of development and poverty reduction, and for encouraging and safeguarding international investment. ...
ICSID has an Administrative Council, chaired by the World Bank's President, and a Secretariat. The Centre provides facilities for the conciliation and arbitration of investment disputes between member countries and individual investors.
The Centre's headquarters are located in Washington, D.C.
External links
Official ICSID Website (http://www.worldbank.org/icsid/)
The city is an international transport hub and a popular tourist destination, counting iconic landmarks such as the Houses of Parliament, Tower Bridge and Buckingham Palace amongst its many attractions, along with famous institutions such as the British Museum and the National Gallery.
The co-ordinates of the centre of London (traditionally considered to be the original Charing Cross, near the junction of Trafalgar Square and Whitehall) are approximately 51°30′29″N, 00°07′29″W.
A number of large parks outside the city centre are also notable, including the remaining Royal Parks of Greenwich Park to the south east, and Bushy Park and Richmond Park to the south west.
The return from these investments is also a major (or in many companies the only) source of profit.
Towards the end of the seventeeth century, the growing importance of London as a centre for trade led to rising demand for marine insurance.
However, the use of these essential factors, whether inappropriately or not, are often considered to be 'unfair' or discriminatory by some consumers and their advocates, sometimes leading to political disputes about insurers' determination of premiums and possible government intervention to limit the factors used.
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