Simple English definitions for legal terms
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ICSID stands for International Centre for the Settlement of Investment Disputes. It is an organization that helps resolve disagreements between investors and governments.
Definition: ICSID (International Centre for the Settlement of Investment Disputes) is an organization that helps settle disputes between investors and countries.
Example: If a company from one country invests in another country and there is a disagreement about the investment, they can go to ICSID to help resolve the issue. For example, if a company from the United States invests in a company in Mexico and there is a disagreement about the investment, they can go to ICSID to help resolve the issue.
The example illustrates how ICSID helps settle disputes between investors and countries. It provides a neutral platform for both parties to present their case and reach a resolution.