Triinu Hiob, Partner at Estonia's Njord law firm, has been appointed by the Republic of Estonia as one of the country's members on the ICSID Panel of Arbitrators.
Established in 1965, ICSID — the International Centre for Settlement of Investment Disputes — is an international arbitration institution established for legal dispute resolution and conciliation between international investors. It is part of and funded by the World Bank Group and headquartered in Washington, D.C. As of May 2016, 153 contracting member states have agreed to enforce and uphold arbitral awards in accordance with the ICSID Convention, which entitles each Member State to designate up to four persons to the Panel of Arbitrators and up to four persons to the Panel of Conciliators. Triinu Hiob was designated to serve on the Panel of Arbitrators.
Over the past 20 years, four claims have been filed to ICSID arbitration against Estonia, most recently, in 2015, by AS Tallinna Vesi and the parent company of the United Utilities group.