Tag Archives: World Bank

ICSID Numbers with a Focus on the European Union

The International Center for Settlement of Investment Dispute (ICSID) has released its caseload statistics with a special focus on the European Union. The ICSID is an organization within the World Bank Group, and administers the majority of ISDS cases.

As of March 1, 2014, the ICSID had registered 463 cases under the ICSID Convention and Additional Facility Rules.

The statistics show as follows:

  • Among 463 cases administered by the ICSID, 55 cases or 12% of the cases, involved a member State of the European Union as respondents.
  • Of these 55 cases, 71% were commenced by an investor who was also from an EU member State. In short, the majority are intra-EU cases.
  • Almost a third (27%) of these cases were instituted by individual persons.
  • Sweden, the United Kingdom, Austria, Denmark, Ireland, Luxembourg, Malta, the Netherlands and Portugal are member States that have not been a respondent State in ICSID cases.
  • The EU member States that have appeared most frequent as respondent in ISDS proceedings are Hungary (11 cases) and Romania (9 cases).
  • Investors from an EU member State were involved in 54% of the total of registered ICSID cases. This makes EU investors the most frequent users of ISDS.