In August this year, Christer Söderlund of Vinge was appointed as president in arbitral proceedings between an investor and Venezuela before the ICSID in Washington DC. In addition, the Swedish Government recently renewed Christer’s appointment as an arbitrator at the ISCID for another six years.
Christer Söderlund has many years’ experience of international arbitration and in 2006 was appointed by the Swedish Government as an arbitrator at the ICSID, an institution within the World Bank which administers investment disputes.
Christer is also included on the panel of the International Commercial Arbitration Court in Moscow, the Cairo Regional Centre for International Commercial Arbitration, Kazakhstan International Arbitrage, Beijing Arbitration Commission, the Polish Chamber of Commerce and the International Board of Arbitrators.
The investment disputes which are handled by the ICSID are normally based on bilateral treaties pertaining to the protection and promotion of cross-border investments. Under such treaties, the contracting states undertake to promote foreign investment and to guarantee reasonable and equitable treatment. Any investor which considers that it has been unfairly treated may commence international arbitral proceedings for adjudication of any breaches of the treaty’s rules. Accordingly, the investor can pursue a claim in damages for the loss which it has allegedly suffered. In recent years, Venezuela has been the subject of several investment disputes. Most of these disputes have been published on the ICSID’s website.
We would like to congratulate Christer on his extended tenure at the ICSID.