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

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

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.
Original languageEnglish
Title of host publicationEthiopian Yearbook of International Law 2019
Publication statusPublished - 30 Dec 2020
Externally publishedYes

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