Authority of ICSID Arbitral Tribunals to Order a Stay of Enforcement of Arbitral Awards

This article considers potential problems regarding the stay of ICSID (International Centre for Settlement of Investment Disputes) arbitral award enforcement and demonstrates which questions could be raised. Author particularly points out to the existence of possible doubts in Croatia regarding the court’ s jurisdiction (jurisdictional conflicts), especially in case of enforcement of arbitral awards. Therefore special consideration is given to the provisions of Judiciary Act, Arbitration Act and Enforcement Act. Special attention is given to the possibility of imposition of different conditions, which ought to be fulfilled in order to grant the stay of enforcement of ICSID arbitral award and to the effects of such stay on pending enforcement procedure in Member state to the Washington Convention (Convention for Settlement of Investment Disputes between States and Nationals of other State