- Definition of investment
This chapter provides a detailed, stage-by-stage narrative of the drawing up of the text of the Convention between 1962 and 1965. For their work on what became the ICSID Convention, the Executive Directors convened a committee of the whole comprising all of the Executive Directors. Called the Committee of the Whole on the Settlement of Investment Disputes, it held six initial meetings during the period from December 1962 to June 1963. In these meetings, the Executive Directors discussed the Working Paper in the form of a Draft Convention for the Resolution of Disputes between States and Nationals of Other States. Broches had submitted this Working Paper to the Executive Directors in June 1962. The chapter examines the Working Paper and the discussions of it in the Committee of the Whole.