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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: interesting icsid facts

interesting icsid facts

posted on Apr 21, 2010 07:43AM

out of 155 "signatory states" and 144 "contracting states".....about 50% of the cases involve about 2% of the member states....

there are 130 current "pending cases" in icsid....of these,

29 list the respondent as argentina

10 list venezuela

about 15 list ecuador, chile, bolivia, peru.......

so about 1/2 of all pending icsid cases are the "banco del sur" countries......

my guess is that these countries have no intentions of ever paying any awards...i believe they eventially will have to pay (even if it involves the US/china/russia bumping heads).......but would'nt it make more sense for the world bank to start dealing with these cases now, rather than after these countries have bigger trade partners?

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