4. International Center for Settlement of Investment Disputes (ICSID).
ICSID is an autonomous institution closely linked to the World Bank. ICSID was established by the 1965 Washington Convention on the Settlement of Investment Disputes between States and Nationals of Other States. The purpose of the Convention is to stimulate larger flow of private international investment between participating countries. ICSID procedures are specifically designed for the settlement of disputes between foreign investors and host nations. ICSID is a de-localized system operating independently and exclusively of domestic legal systems. The role of domestic courts is limited to judicial assistance in recognition of ICSID awards.
Further information on ICSID is available at: http://www.worldbank.org/icsid/.