السياسة العالمية
Volume 7, Numéro 2, Pages 968-977
2023-06-04
The International Center For Settlement Of Investment Disputes Agreement And The Energy Sector: Implications For Investment And Dispute Settlement
Authors : Dr.hisham Shakhatreh Dr.hisham Shakhatreh . Esraa Ababneh Esraa Ababneh .
Abstract
The International Center for Settlement of Investment Disputes (ICSID) Agreement is an important tool for investment protection and dispute settlement in the energy sector. The energy sector is a significant source of investment and generates a substantial amount of disputes due to its complexity, size, and political sensitivity. This paper examines the implications of the ICSID Agreement for investment and dispute settlement in the energy sector. The paper first provides an overview of the ICSID Agreement and its role in investment protection and dispute settlement. The paper then analyzes the implications of the ICSID Agreement for the energy sector, including the benefits and challenges of using the ICSID system for investment protection and dispute settlement. The paper also examines recent cases in the energy sector that have been brought before the ICSID, highlighting the legal issues and outcomes of these cases. The paper concludes that the ICSID system offers important benefits for investment protection and dispute settlement in the energy sector, but also poses challenges, including the cost and complexity of the arbitration process.
Keywords
ICSID Agreement, investment protection, dispute settlement, energy sector, arbitration, legal issues, outcomes, benefits, challenges, cost, complexity.
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