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A Drop in the Bab el-Mandeb Strait: Djibouti Signs the ICSID Convention

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Part of the Ethiopian Yearbook of International Law book series (EtYIL, volume 2019)

Abstract

This article examines the Republic of Djibouti’s 2019 accession to the Convention on the Settlement of Investment Disputes between States and Nationals of Other States. Against growing criticism of investor-state arbitration, it shows that while this recent development may be perceived as a decision taken with little circumspect, it represents a significant signal that international economic shifts are ongoing in the Horn of Africa region. This article provides an overview of the jurisdiction of International Centre for Settlement of Investment Dispute (ICSID) over investor-state disputes and examines the implications Djibouti’s accession may have on its international obligations to foreign investors.

Keywords

Investor-state arbitration Djibouti Foreign direct investment ICSID 

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Copyright information

© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.The Chinese University of Hong KongHong KongHong Kong

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