Search Legislation

Advanced Search

Arbitration (International Investment Disputes) Act 1966

Status:

This is the original version (as it was originally enacted).

  1. Introductory Text

  2. Enforcement of Convention awards

    1. 1.Registration of Convention awards

    2. 2.Effect of registration

  3. Procedural provisions

    1. 3.Application of Arbitration Act 1950 and other enactments

  4. Immunities and privileges

    1. 4.Status, immunities and privileges conferred by the Convention

  5. Supplemental

    1. 5.Government contribution to expenses under the Convention

    2. 6.Application to British possessions, etc.

    3. 7.Application to Scotland

    4. 8.Application to Northern Ireland

    5. 9.Short title and commencement

    1. SCHEDULE

      Text of Convention

      1. CONVENTION ON THE SETTLEMENT OF INVESTMENT DISPUTES BETWEEN STATES AND NATIONALS OF OTHER STATES

        1. PREAMBLE

        2. CHAPTER I INTERNATIONAL CENTRE FOR SETTLEMENT OF INVESTMENT DISPUTES

          1. SECTION 1 Establishment and Organization

            1. ARTICLE 1

              1. 1.There is hereby established the International Centre for Settlement of...

              2. 2.The purpose of the Centre shall be to provide facilities...

            2. ARTICLE 2

            3. ARTICLE 3

          2. SECTION 2 The Administrative Council

            1. ARTICLE 4

              1. 1.The Administrative Council shall be composed of one representative of...

              2. 2.In the absence of a contrary designation, each governor and...

            2. ARTICLE 5

            3. ARTICLE 6

              1. 1.Without prejudice to the powers and functions vested in it...

              2. 2.The Administrative Council may appoint such committees as it considers...

              3. 3.The Administrative Council shall also exercise such other powers and...

            4. ARTICLE 7

              1. 1.The Administrative Council shall hold an annual meeting and such...

              2. 2.Each member of the Administrative Council shall have one vote...

              3. 3.A quorum for any meeting of the Administrative Council shall...

              4. 4.The Administrative Council may establish, by a majority of two-thirds...

            5. ARTICLE 8

          3. SECTION 3 The Secretariat

            1. ARTICLE 9

            2. ARTICLE 10

              1. 1.The Secretary-General and any Deputy Secretary-General shall be elected by...

              2. 2.The offices of Secretary-General and Deputy Secretary-General shall be incompatible...

              3. 3.During the Secretary-General's absence or inability to act, and during...

            3. ARTICLE 11

          4. SECTION 4 The Panels

            1. ARTICLE 12

            2. ARTICLE 13

              1. 1.Each Contracting State may designate to each Panel four persons...

              2. 2.The Chairman may designate ten persons to each Panel. The...

            3. ARTICLE 14

              1. 1.Persons designated to serve on the Panels shall be persons...

              2. 2.The Chairman, in designating persons to serve on the Panels,...

            4. ARTICLE 15

              1. 1.Panel members shall serve for renewable periods of six years....

              2. 2.In case of death or resignation of a member of...

              3. 3.Panel members shall continue in office until their successors have...

            5. ARTICLE 16

              1. 1.A person may serve on both Panels.

              2. 2.If a person shall have been designated to serve on...

              3. 3.All designations shall be notified to the Secretary-General and shall...

          5. SECTION 5 Financing the Centre

            1. ARTICLE 17

          6. SECTION 6 Status, Immunities and Privileges

            1. ARTICLE 18

            2. ARTICLE 19

            3. ARTICLE 20

            4. ARTICLE 21

            5. ARTICLE 22

            6. ARTICLE 23

              1. 1.The archives of the Centre shall be inviolable, wherever they...

              2. 2.With regard to its official communications, the Centre shall be...

            7. ARTICLE 24

              1. 1.The Centre, its assets, property and income, and its operations...

              2. 2.Except in the case of local nationals, no tax shall...

              3. 3.No tax shall be levied on or in respect of...

        3. CHAPTER II JURISDICTION OF THE CENTRE

          1. 25

            1. 1.The jurisdiction of the Centre shall extend to any legal...

            2. 2." National of another Contracting State " means:

            3. 3.Consent by a constituent subdivision or agency of a Contracting...

            4. 4.Any Contracting State may, at the time of ratification, acceptance...

          2. ARTICLE 26

          3. ARTICLE 27

            1. 1.No Contracting State shall give diplomatic protection, or bring an...

            2. 2.Diplomatic protection, for the purposes of paragraph (1), shall not...

        4. CHAPTER III CONCILIATION

          1. SECTION 1 Request for Conciliation

            1. ARTICLE 28

              1. 1.Any Contracting State or any national of a Contracting State...

              2. 2.The request shall contain information concerning the issues in dispute,...

              3. 3.The Secretary-General shall register the request unless he finds, on...

          2. SECTION 2 Constitution of the Conciliation Commission

            1. ARTICLE 29

              1. 1.The Conciliation Commission (hereinafter called the Commission) shall be constituted...

              2. 2.(a) The Commission shall consist of a sole conciliator or...

            2. ARTICLE 30

            3. ARTICLE 31

              1. 1.Conciliators may be appointed from outside the Panel of Conciliators,...

              2. 2.Conciliators appointed from outside the Panel of Conciliators shall possess...

          3. SECTION 3 Conciliation Proceedings

            1. ARTICLE 32

              1. 1.The Commission shall be the judge of its own competence....

              2. 2.Any objection by a party to the dispute that that...

            2. ARTICLE 33

            3. ARTICLE 34

              1. 1.It shall be the duty of the Commission to clarify...

              2. 2.If the parties reach agreement, the Commission shall draw up...

            4. ARTICLE 35

        5. CHAPTER IV ARBITRATION

          1. SECTION 1 Request for Arbitration

            1. ARTICLE 36

              1. 1.Any Contracting State or any national of a Contracting State...

              2. 2.The request shall contain information concerning the issues in dispute,...

              3. 3.The Secretary-General shall register the request unless he finds, on...

          2. SECTION 2 Constitution of the Tribunal

            1. ARTICLE 37

              1. 1.The Arbitral Tribunal (hereinafter called the Tribunal) shall be constituted...

              2. 2.(a) The Tribunal shall consist of a sole arbitrator or...

            2. ARTICLE 38

            3. ARTICLE 39

            4. ARTICLE 40

              1. 1.Arbitrators may be appointed from outside the Panel of Arbitrators,...

              2. 2.Arbitrators appointed from outside the Panel of Arbitrators-shall possess the...

          3. SECTION 3 Powers and Functions of the Tribunal

            1. ARTICLE 41

              1. 1.The Tribunal shall be the judge of its own competence....

              2. 2.Any objection by a party to the dispute that that...

            2. ARTICLE 42

              1. 1.The Tribunal shall decide a dispute in accordance with such...

              2. 2.The Tribunal may not bring in a finding of non...

              3. 3.The provisions of paragraphs (1) and (2) shall not prejudice...

            3. ARTICLE 43

            4. ARTICLE 44

            5. ARTICLE 45

              1. 1.Failure of a party to appear or to present his...

              2. 2.If a party fails to appear or to present his...

            6. ARTICLE 46

            7. ARTICLE 47

          4. SECTION 4 The Award

            1. ARTICLE 48

              1. 1.The Tribunal shall decide questions by a majority of the...

              2. 2.The award of the Tribunal shall be in writing and...

              3. 3.The award shall deal with every question submitted to the...

              4. 4.Any member of the Tribunal may attach his individual opinion...

              5. 5.The Centre shall not publish the award without the consent...

            2. ARTICLE 49

              1. 1.The Secretary-General shall promptly dispatch certified copies of the award...

              2. 2.The Tribunal upon the request of a party made within...

          5. SECTION 5 Interpretation, Revision and Annulment of the Award

            1. ARTICLE 50

              1. 1.If any dispute shall arise between the parties as to...

              2. 2.The request shall, if possible, be submitted to the Tribunal...

            2. ARTICLE 51

              1. 1.Either party may request revision of the award by an...

              2. 2.The application shall be made within 90 days after the...

              3. 3.The request shall, if possible, be submitted to the Tribunal...

              4. 4.The Tribunal may, if it considers that the circumstances so...

            3. ARTICLE 52

              1. 1.Either party may request annulment of the award by an...

              2. 2.The application shall be made within 120 days after the...

              3. 3.On receipt of the request the Chairman shall forthwith appoint...

              4. 4.The provisions of Articles 41-45, 48, 49, 53 and 54,...

              5. 5.The Committee may, if it considers that circumstances so require,...

              6. 6.If the award is annulled the dispute shall, at the...

          6. SECTION 6 Recognition and Enforcement of the Award

            1. ARTICLE 53

              1. 1.The award shall be binding on the parties and shall...

              2. 2.For the purposes of this Section, " award " shall...

            2. ARTICLE 54

              1. 1.Each Contracting State shall recognize an award rendered pursuant to...

              2. 2.A party seeking recognition or enforcement in the territories of...

              3. 3.Execution of the award shall be governed by the laws...

            3. ARTICLE 55

        6. CHAPTER V REPLACEMENT AND DISQUALIFICATION OF CONCILIATORS AND ARBITRATORS

          1. ARTICLE 56

            1. 1.After a Commission or a Tribunal has been constituted and...

            2. 2.A member of the Commission or Tribunal shall continue to...

            3. 3.If a conciliator or arbitrator appointed by a party shall...

          2. ARTICLE 57

          3. ARTICLE 58

        7. CHAPTER VI COST OF PROCEEDINGS

          1. ARTICLE 59

          2. ARTICLE 60

            1. 1.Each Commission and each Tribunal shall determine the fees and...

            2. 2.Nothing in paragraph (1) of this Article shall preclude the...

          3. ARTICLE 61

            1. 1.In the case of conciliation proceedings the fees and expenses...

            2. 2.In the case of arbitration proceedings the Tribunal shall, except...

        8. CHAPTER VII PLACE OF PROCEEDINGS

          1. ARTICLE 62

          2. ARTICLE 63

        9. CHAPTER VIII DISPUTES BETWEEN CONTRACTING STATES

          1. ARTICLE 64

        10. CHAPTER IX AMENDMENT

          1. ARTICLE 65

          2. ARTICLE 66

            1. 1.If the Administrative Council shall so decide by a majority...

            2. 2.No amendment shall affect the rights and obligations under this...

        11. CHAPTER X FINAL PROVISIONS

          1. ARTICLE 67

          2. ARTICLE 68

            1. 1.This Convention shall be subject to ratification, acceptance or approval...

            2. 2.This Convention shall enter into force 30 days after the...

          3. ARTICLE 69

          4. ARTICLE 70

          5. ARTICLE 71

          6. ARTICLE 72

          7. ARTICLE 73

          8. ARTICLE 74

          9. ARTICLE 75

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources