Latin America and ICSID: David Versus Goliath?
Katia Fach Gómez, Profesora Titular de Derecho Internacional Privado (Universidad de Zaragoza)
Law and Business Review of the Americas, vol. 17 (2011), num. 2, pp. 195-230.
Katia Fach Gómez, Profesora Titular de Derecho Internacional Privado (Universidad de Zaragoza)
Law and Business Review of the Americas, vol. 17 (2011), num. 2, pp. 195-230.
In recent years, the International Center for the Settlement of Investment Disputes (ICSID) has witnessed a dramatic increase in the number of arbitration requests where Latin American countries are the respondents. Today, out of almost 130 cases pending, over sixty involve states from the Latin American region. This situation is paradigmatic, because Latin American countries initially showed a widespread rejection of the ICSID Convention. The aim of this paper is to provide a response to the following question: Is the current displeasure with ICSID in some Latin American countries likely to continue and spread to other countries throughout the region, and if so, why?
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