Robert Zoellick, President of the World Bank and ex-officio chairman of the International Centre for Settlement of Investment Disputes (ICSID), has appointed Jeswald W. Salacuse '60, P'89 to the ICSID Panel of Conciliators. The appointment is effective for a six year term, beginning Sept. 15. Salacuse is one of ten persons, none of whom may be nationals of the same country, that Zoellick is permitted to appoint under the ICSID Convention.
The purpose of the ICSID is to provide facilities for conciliation and arbitration of international investment disputes. Currently, ICSID and the Bank are hoping to encourage disputants to use alternative dispute resolution, instead of arbitration. Meg Kinnear, the secretary-general of ICSID, said, "The flow of private investment capital remains central to global economic development, and the availability of effective and independent dispute resolution at ICSID is one very important way in which such flows can be encouraged. ICSID arbitrators and conciliators play a fundamental role in this process."
At Hamilton, Salacuse majored in history and was a member of the Emerson Literary Society. He went on to earn his law degree from Harvard University in 1963. He is currently the Henry J. Braker Professor of Law and former Dean at the Fletcher School of Law and Diplomacy at Tufts University and specializes in international investment law, international negotiation, international business transactions, and law and development. He is the author of the recently published The Law of Investment Treaties (Oxford University Press 2010).
