ICSID is pleased to announce that it has entered into an Agreement on General Arrangements with the Madrid Court of Arbitration of the Chamber of Commerce, Industry and Services of Madrid (la Corte de Arbitraje de Madrid). The agreement was signed on behalf of ICSID by Meg Kinnear, Secretary-General of ICSID, and on behalf of the Madrid Court of Arbitration by Alfonso Calderón, Managing Director of the Official Chamber of Commerce, Industry and Services of Madrid.

The Agreement is based on Article 63 of the ICSID Convention and provides for the possibility of holding ICSID hearings at the Madrid Court of Arbitration’s facilities, reinforcing ICSID's truly global presence and services. The Agreement also encourages knowledge sharing between ICSID and the Madrid Court of Arbitration related to arbitration, conciliation, and other methods of dispute resolution.