World Bank investment dispute centre opens first overseas office in Singapore
The Asia-Pacific office will provide a neutral forum for resolving disputes between foreign investors and governments.
The International Centre for Settlement of Investment Disputes (ICSID) has opened its first overseas office in Singapore to address the rising number of complex investment disputes in Asia and the Pacific. The new hub, officially launched on August 26, is the World Bank Group's first staffed overseas outpost and aims to support parties and lawyers involved in cases, engage governments, investors, and legal practitioners, and help prevent, manage, and resolve investment disputes in the region.
ICSID provides a neutral international forum for resolving disputes between foreign investors and governments, reducing perceived investment risks and helping create stable conditions for cross-border investment. The opening of the Singapore office is seen as a signal of confidence in Singapore and the region, and in the central role that fair and effective dispute resolution plays in building the investment climates the world needs.
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- World Bank investment dispute centre opens first overseas office in Singapore businesstimes.com.sg
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