The Washington Convention is an international treaty that provides a framework for the settlement of investment disputes between states and nationals of other states. It was adopted in 1965 and has been ratified by over 150 countries.

The Washington Convention covers disputes arising out of investment contracts, expropriation, and breach of contract.

Both states and nationals of other states can initiate arbitration under the Washington Convention.

The ICSID administers arbitration proceedings, provides conciliation services, and appoints arbitrators under the Washington Convention.

The parties to an arbitration under the Washington Convention can choose the law that will be applied to the arbitration.

The arbitral tribunal hears and decides the dispute, issues an award, and enforces the award under the Washington Convention.

An award issued under the Washington Convention is binding on the parties and can be enforced in any country that has ratified the Washington Convention.

Arbitration under the Washington Convention is a neutral forum for the settlement of disputes, it is a quick and efficient process, and it is a cost-effective process.

Arbitration under the Washington Convention is not expensive, it is not time-consuming, and it is always binding on the parties.

The adoption of the Additional Facility Rules in 2014, the establishment of the ICSID Mediation Rules in 2016, and the adoption of the ICSID Arbitration Rules in 2017 are all recent developments in the Washington Convention.

The Washington Convention is a well-established and respected forum for the settlement of investment disputes. It is likely to continue to be a leading forum for the settlement of investment disputes for many years to come.

The increasing number of investment disputes, the complexity of investment disputes, and the cost of arbitration are all challenges facing the Washington Convention.

The challenges facing the Washington Convention can be addressed by increasing the number of arbitrators, simplifying the arbitration process, and reducing the cost of arbitration.

The United States is a signatory to the Washington Convention, has ratified the Washington Convention, and has implemented the Washington Convention into its domestic law.

The Barcelona Traction case, the ICSID v. Amco case, and the Yukos v. Russia case are all cases that have been decided under the Washington Convention.