English Appeals Court Says ICSID Convention Creates Jurisdiction Over Sovereigns

( November 20, 2024, 8:30 AM EST) -- LONDON — The Court of Appeal of England and Wales issued a ruling in two consolidated investor-state disputes over enforcement of International Centre for Settlement of Investment Disputes (ICSID) arbitral awards in which it rejected jurisdictional challenges raised by the Kingdom of Spain and Republic of Zimbabwe and held that the ICSID Convention creates jurisdiction over such cases....