The Bank for International Settlement had been established in 1930 to try and manage the fast-collapsing international Gold Standard.

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Mr Rosatti has said that the government, which is in dispute with several foreign companies, will appeal to the court against unfavourable rulings at the World Bank's International Centre for the Settlement of Investment Disputes.

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More specifically, the World Bank investment court, called the International Centre for Settlement of Investment Disputes (ICSID).

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If it did, then they would be able in theory to pursue Israel for its settlement policies on the West Bank - widely seen as a clear breach of international law.

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