This article examines conciliation as an alternative dispute resolution mechanism in resolving investment dispute. Conciliation being a highly flexible and an informal method of dispute settlement involves a third party that assists the disputants in reaching an agreed settlement. The Convention on the Settlement of Investment Dispute between States and Nationals of other States establishes a Centre known as the International Centre for Settlement of Investment Disputes (ICSID) which facilitates arbitration and conciliation proceedings for resolving investment disputes. This article reveals that irrespective of the fact that arbitration is largely patronized in the Centre, conciliation has being regarded as a highly flexible and less expensive process for resolving investment disputes. This article examines the rules of procedure for conciliation proceedings specifically under the ICSID Convention for resolving investment disputes.

This article examines conciliation as an alternative dispute resolution mechanism in resolving investment dispute. Conciliation being a highly flexible and an informal method of dispute settlement involves a third party that assists the disputants in reaching an agreed settlement. The Convention ...