12.6 ICSID (the International Centre for Settlement of Investment

Disputes) The World Bank's investment-arbitration organ (the 1965 Washington Convention): the CONSENT- based jurisdiction — the host state-and-the investor's written consent (the BIT s-and-the investment laws' consent clauses) → the ICSID's jurisdiction; the tribunal (the parties' appointments); the award's special regime — the self-contained system (the annulment by the ICSID's own committees only; NO the New York Convention's route needed; the enforcement as a final judgment in every member state); the limited grounds (the excess jurisdiction; the serious departure from a fundamental rule of procedure; the failure to state reasons). The ISDS world's centre — the investor-state disputes' forum (the controversies: the legitimacy debates, the reform- and-digest faces — the honest note).