Convention On The Settlement Of Investment Disputes Between States And Nationals Of Other States
International Centre For Settlement Of Investment Disputes
Submitted to Governments by the Executive Directors of the International Bank for Reconstruction and Development, Submitted: March 18, 1965, Washington
Entered into Force: October 14, 1966

CHAPTER I

SECTION 1: Establishment and Organization

SECTION 2: The Administrative Council

SECTION 3: The Secretariat

SECTION 4: The Panels

SECTION 5: Financing the Centre

CHAPTER II - Jurisdiction of tbe Centre

CHAPTER III - Conciliation

SECTION 1: Request for Conciliation

SECTION 2: Constitution of the Conciliation Commission

SECTION 3: Conciliation Proceedings

CHAPTER IV - Arbitration

SECTION 1: Request for Arbitration

SECTION 2; Constitution of the Tribunal

SECTION 3: Powers and Functions of the Tribunal

SECTION 4: The Award

SECTION 5: Interpretation, Revision and Annulment of the Award

SECTION 6: Recognition and Enforcement of the Award

CHAPTER V - Replacement and Disqualification of Conciliators and Arbitrators

CHAPTER VI - Cost of Proceedings

CHAPTER VII - Place of Proceedings

CHAPTERV VIII - Disputes between Contracting States

CHAPTER IX - Amendment

CHAPTER X

[Post Provisions]

[Post Clauses (If any: Signed; Witnessed; Done; Authentic Texts; & Deposited Clauses)]

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Convention on the Settlement of Investment Disputes Between States and Nationals of Other States - International Centre for Settlement Of Investment Disputes, Washington 1965

International Centre for Settlement of Investment Disputes (ICSID)

copy @ Lex Mercatoria

Convention On The Settlement Of Investment Disputes Between States And Nationals Of Other States
International Centre For Settlement Of Investment Disputes
Submitted to Governments by the Executive Directors of the International Bank for Reconstruction and Development, Submitted: March 18, 1965, Washington
Entered into Force: October 14, 1966

CHAPTER VI - Cost of Proceedings

235

Article 61

236

1. In the case of conciliation proceedings the fees and expenses of members of the Commission as well as the charges for the use of the facilities of the Centre, shall be borne equally by the parties. Each party shall bear any other expenses it incurs in connection with the proceedings.

237

2. In the case of arbitration proceedings the Tribunal shall, except as the parties otherwise agree, assess the expenses incurred by the parties in connection with the proceedings, and shall decide how and by whom those expenses, the fees and expenses of the members of the Tribunal and the charges for the use of the facilities of the Centre shall be paid. Such decision shall form part of the award.

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