Abstract
The Convention on the Settlement of Investment Disputes Between States and Nationals of Other States (hereafter referred to as the Convention), as well as the International Centre for Settlement of Investment Disputes (ICSID) was established within the framework of the Convention, aims to resolve disputes encountered in international investments in a prompt and facilitated manner under an independent credible judicial mechanism. ICSID tribunals can order provisional measures in a dispute presented before them to protect the parties’ mutual rights as mentioned in Article 47 of the Convention. The raison d’être for these measures is to ensure the integrity of the proceedings and exclusivity of the ICSID arbitration by preserving the status quo and preventing aggravation of the dispute. However, no explicit statement occurs in the Convention which suggests that the possibility of rendering a decision regarding provisional measures against a national criminal proceeding. Criminal proceedings are perhaps the most indisputable component of state sovereignty. Hence, the tribunals acknowledge a high threshold shall be required to justify an intervention in national criminal proceedings. Therefore, any intervention related to criminal proceedings that conflict with the sovereignty of a state authority should be evaluated case by case and kept at a minimum. In this context, the current paper will address the provisional measures that are orderable by ICSID tribunals, the impact these measures have on pending criminal proceedings in domestic law. ICSID’s authority to impose sanctions on state parties if they do not comply with the measures in relation to the criminal proceedings. In addition, the article will evaluate requests for provisional measures to comprehend whether or not they intervene in the sovereign authority of a state party. We should also point out that, arbitration is a multidisciplinary subject, it has connections with International law, Constitution and other legal disciplines. However, the issue will only be handled within the scope of ICSID and criminal procedure.
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