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Practising VirtueInside International Arbitration$
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David D. Caron, Stephan W. Schill, Abby Cohen Smutny, and Epaminontas E. Triantafilou

Print publication date: 2015

Print ISBN-13: 9780198739807

Published to Oxford Scholarship Online: January 2016

DOI: 10.1093/acprof:oso/9780198739807.001.0001

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‘Black’s Bank’ and the Settlement of Investment Disputes

‘Black’s Bank’ and the Settlement of Investment Disputes

(p.150) 8 ‘Black’s Bank’ and the Settlement of Investment Disputes
Practising Virtue

Antonio R Parra

Oxford University Press

This chapter discusses the involvement of the World Bank as an institution and of Eugene Black, its President from 1949 to 1962, in his personal capacity, in the mediation of foreign investment disputes in the late 1950s. It looks at two particular experiences: Black’s conciliation role with the City of Tokyo bonds, and the Bank’s mediation between the Suez Canal Company and Egypt. These experiences are significant as they prompted Aron Broches to start thinking about creating the International Centre for Settlement of Investment Disputes (ICSID).

Keywords:   World Bank, Eugene Black, international arbitration, mediation, foreign investment disputes, Suez Canal Company, Egypt

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