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Convention On The Settlement Of Investment Disputes Between States And Nationals Of Other States Done at Washington, 18 March 1965; entered into force, 14 October 1966

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Chapter I. - International Centre For Settlement Of Investment Disputes/

Article 1

Article 2

Article 3

Article 4

Article 5

Article 6

Article 7

Article 8

Article 9

Article 10

Article 11

Panels

Article 12

Article 13

Article 14

Article 15

Article 16

Article 17

Article 18

Article 19

Article 20

Article 21

Article 22

Article 23

Article 24

Chapter II. - Jurisdiction Of The Centre

Article 25

Article 26

Article 27

Chapter III. - Conciliation/ request for conciliation

Article 28

Article 29

Article 30

Article 31

Article 32

Article 33

Article 34

Article 35

Chapter IV. - Arbitration arbitration

Article 36

Article 37

Article 38

Article 39

Article 40

Article 41

Article 42

Article 43

Article 44

Article 45

Article 46

Article 47

Article 48

Article 49

Article 50

Article 51

Article 52

Enforcement of the award

Article 53

Article 54

Article 55

Chapter V. - Replacement and Disqualification of Conciliators and Arbitrators

Article 56

Article 57

Article 58

Chapter VI. - Cost of Proceedings

Article 59

Article 60

Article 61

Chapter VIII. - Place of Proceedings

Article 62

Article 63

Chapter VIII. - Disputes Between Contracting States

Article 64

Chapter IX. - Amendment

Article 65

Article 66

Chapter X. - Final Provisions

Article 67

Article 68

Article 69

Article 70

Article 71

Article 72

Article 73

Article 74

Article 75

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Convention On The Settlement Of Investment Disputes Between States And Nationals Of Other States Done at Washington, 18 March 1965; entered into force, 14 October 1966

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Convention On The Settlement Of Investment Disputes Between States And Nationals Of Other States Done at Washington, 18 March 1965; entered into force, 14 October 1966

Chapter II. - Jurisdiction Of The Centre

Article 25

(1) The jurisdiction of the Centre shall extend to any legal dispute arising directly out of an investment, between a Contracting State (or any constituent subdivision or agency of a Contracting State designated to the Centre by that State) and a national of another Contracting State, which the parties to the dispute consent in writing to submit to the Centre. When the parties have given their consent, no party may withdraw its consent unilaterally.

(2) "National of another Contracting State" means:

(a) any natural person who had the nationality of a Contracting State other than the State party to the dispute on the date on which the parties consented to submit such dispute to conciliation or arbitration as well as on the date on which the request was registered pursuant to paragraph (3) of Article 28 or paragraph (3) of Article 36, but does not include any person who on either date also had the nationality of the Contracting State party to the dispute; and

(b) any juridical person which had the nationality of a Contracting State other than the State party to the dispute on the date on which the parties consented to submit such dispute to conciliation or arbitration and any juridical person which had the nationality of the Contracting State party to the dispute on that date and which, because of foreign control, the parties have agreed should be treated as a national of another Contracting State for the purposes of this Convention.

(3) Consent by a constituent subdivision or agency of a Contracting State shall require the approval of that State unless that State notifies the Centre that no such approval is required.

(4) Any Contracting State may, at the time of ratification, acceptance or approval of this Convention or at any time thereafter, notify the Centre of the class or classes of disputes which it would or would not consider submitting to the jurisdiction of the Centre. The Secretary-General shall forthwith transmit such notification to all Contracting States. Such notification shall not constitute the consent required by paragraph (1).


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