By Elizabeth Whitsitt
November 3, 2009
Haiti has ratified the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the “ICSID Convention”). Haiti deposited its instrument of ratification with the World Bank on October 27, 2009, making it the 145th state to ratify the ICSID Convention. In accordance with its Article 68(2), the ICSID Convention will enter into force for Haiti on November 26, 2009.
Haiti, an observer state in the Bolivarian Alliance for the Peoples of Our America (“ALBA”) ratified the ICSID Convention approximately one and half weeks after ALBA concluded its 7th Summit in Cochabamba, Bolivia.*
* For details on the 7th Summit see article in this month’s ITN “ALBA moves forward with plan to create regional investment arbitration alternative to ICSID at 7th Summit” By Fernando Cabrera Diaz, available at: