Sâo Tomé and Principe ratifies the ICSID Convention, by José Ángel Rueda

On 20 May 2013 the Democratic Republic of Sâo Tomé and Principe deposited with the World Bank its instrument of ratification of the ICSID Convention.[1] The Convention shall enter into force for that State on 19 June 2013.

On that date the ICSID Convention will have 149 Contracting States; the latest accessions were those of South Sudan on 18 May 2012 and Montenegro on 10 May 2013.[2] There are an additional nine States which have signed the Convention but have not yet ratified or acceded to it: Belize, Canada, the Dominican Republic, Ethiopia, Guinea-Bissau, Kyrgyzstan, Namibia, Russia and Thailand.

It is to note that Sâo Tomé and Principe also became a State party to the New York Convention recently (on 18 February 2013).[3] This Convention will also have 149 States party in two months’ time when Myanmar’s accession enters into force on 15 July 2013.[4] According to UNCITRAL, no State has signed the New York Convention without ratifying or acceding to it.