Bahrain and ICSID Strengthen International Dispute Resolution through Strategic MoU

Bahrain and ICSID Collaborate to Advance Global Dispute Resolution

In a landmark move to enhance international dispute resolution, the Bahrain Council for the Development of International Commercial Dispute Resolution Mechanisms and the International Centre for Settlement of Investment Disputes (ICSID) have entered into a strategic memorandum of understanding (MoU). This partnership signifies an important step in fostering cooperation between Bahrain and one of the World Bank Group's key entities.

Key Details of the Agreement

• Signing Officials: The MoU was signed by Marika Paulson, Secretary General of the Bahrain Council, and Martina Polasek, Secretary General of ICSID and Vice President of the World Bank.
• Objective: The agreement aims to develop a framework that facilitates collaboration and knowledge exchange. It seeks to strengthen mechanisms for resolving international commercial disputes efficiently.

Significance of the MoU The collaboration is expected to enhance the capacity of both entities in dealing with complex international investment disputes, providing a more structured approach to dispute resolution on a global scale.