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Ukraine earmarks UAH100 million for ICSID awards
In recent years there has been a worldwide trend against arbitration conducted under the auspices of the International Centre for Settlement of Investment Disputes (ICSID). A number of Latin American countries have been critical of the ICSID Convention following a sequence of negative decisions. However, Ukraine has confirmed its commitment to the convention, which it ratified on March 16 2000.
Reproduced with permission from International Law Office. This article was first published on the website www.internationallawoffice.com