In October 2001, Azurix announced it would withdraw from the contract as of January 2002, accusing the regional government of "serious breaches", and later filed a compensation claim with the ICSID ("Azurix Corp. v. Argentine Republic (Case No. ARB/01/12)").
The distinctive feature of many BITs is that they allow for an alternative dispute resolution mechanism, whereby an investor whose rights under the BIT have been violated could have recourse to international arbitration, often under the auspices of the ICSID (International Center for the Settlement of Investment Disputes), rather than suing the host State in its own courts.
He chairs and is a panel member in a number of International Centre for Settlement of Investment Disputes (ICSID) and International Chamber of Commerce (ICC) cases.
Scuola Italiana Design is member ADI (Associazione per il Disegno Industriale) and ICSID (International Council of Societies of Industrial Design).
Schwebel has been chairman or party-appointed arbitrator in International Chamber of Commerce (ICC), ICSID, AAA, Arbitration Institute of the Stockholm Chamber of Commerce (SCC), LCIA, Permanent Court of Arbitration (PCA), Japan Commercial Arbitration Association (CAA), and UNCITRAL ad hoc proceedings.
Arch is a Member of various prestigious consortia’s like: IFFTI (The International Foundation of Fashion Technology Institutes), the International Council of Societies of Industrial Design (ICSID), Hong Kong Research Institute of Textiles and Apparel (HKRITA).
Icsid has now hosted the Congress in places such as Venice, Paris, Vienna, Montreal, Slovenia, Glasgow, Taipei, Toronto, Sydney, Kyoto and London.
The IDEA winners are honored at annual ceremonies (such as the International Council of Societies of Industrial Design (ICSID) / IDSA CONNECTING '07 World Design Congress in San Francisco, CA).
Siegfried H. Elsing has served as counsel, chairman, sole arbitrator and party-appointed arbitrator in more than 150 national and international arbitral proceedings (inter alia ICC, DIS, ICSID, SCC, VIAC, UNCITRAL, ad hoc).