Djibouti becomes part of the ICSID Administrative Council
The small East African country just ratified the ICSID Convention to join the World Bank Group-affiliated international arbitration centre, which allows it to designate a representative to serve on its main governing body.
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▪ Djibouti becomes part of the ICSID Administrative Council
▪ The small East African country just ratified the ICSID Convention to join the World Bank Group-affiliated international arbitration centre, which allows it to designate a representative to serve on its main governing body.
▪ https://www.africabusinessplus.com/en/804663/djibouti-admis-au-conseil-administratif-du-cirdi/
The Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention) will enter into force for Djibouti on 9 July, the arbitration institution revealed on 9 June. This date is exactly one month to the day after Djibouti ratified the convention, which the country, led by Ismaïl Omar Guelleh, signed on 12 April 2019.
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