enforcement mechanisms are strong in icsid awards(bloomberg businessweek)

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jimk

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enforcement mechanisms are strong in icsid awards(bloomberg businessweek)

posted on Jan 11, 2012 07:05AM

http://news.businessweek.com/article.asp?documentKey=1376-LXHUWK1A74E901-7A3SE6B1K0ETEMM47QS3JH7K9T

"A decision favoring Exxon at the ICSID would be more easily-enforced because it gives a successful claimant the right to enforce against assets in third party states, Nolan said."

“If Exxon gets an award in the ICSID, the enforcement mechanisms are strong,” said Nolan.