575
The Hague, The Netherlands 24 June – 2 August 2013 STUDY MATERIALS PART X Codification Division of the United Nations Office of Legal Affairs Copyright © United Nations, 2013
The Hague, The Netherlands 24 June – 2 August 2013
STUDY MATERIALS PART X
Codification Division of the United Nations Office of Legal Affairs
Copyright © United Nations, 2013
The Hague, The Netherlands 31 July 2013
INTERNATIONAL INVESTMENT LAW PROFESSOR MAKANE MOÏSE MBENGUE
Codification Division of the United Nations Office of Legal Affairs
Copyright © United Nations, 2013
INTERNATIONAL INVESTMENT LAW PROFESSOR MAKANE MOÏSE MBENGUE
Legal instruments and documents
1. Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention), Regulations and Rules, as amended in 2006
8
2. North American Free Trade Agreement, 1994 (Chapter Eleven: Investment) 683. The Dominican Republic – Central America – United States Free Trade Agreement
(CAFTA-DR), 2004 (Chapter Ten: Investment) 80
4. ASEAN Comprehensive Investment Agreement, 2009 985. Investment Agreement for the COMESA Common Investment Area, 2007 1166. South African Development Community (SADC) Model Bilateral Investment Treaty
Template, with Commentary, 2012 136
7. Canadian Model Bilateral Agreement for the Promotion and Protection of Investments, 2004
178
8. Colombian Model Bilateral Agreement for the Promotion and Protection of Investments, 2007
204
9. German Model Treaty concerning the Encouragement and Reciprocal Protection of Investment, 2008
216
10. Indian Model Agreement for the Promotion and Protection of Investments, 2003 22411. United Kingdom Model Bilateral Investment Treaty, 2005 with 2006 amendments 23012. United States Model Bilateral Investment Treaty, 2012 23613. International Institute for Sustainable Development (IISD) Model International
Agreement on Investment for Sustainable Development, 2005 258
Case Law 14. Brandes Investment Partners, LP v. The Bolivarian Republic of Venezuela, Award,
ICSID Case No. ARB/08/3, 2 August 2011 284
15. Salini Costruttori S.P.A.and Italstrade S.P.A. v. Kingdom of Morocco, Decision on Jurisdiction, ICSID Case No. ARB/00/4, 23 July 2001
320
16. Emilio Agustín Maffezini v. The Kingdom of Spain, Decision of the Tribunal on Objections to Jurisdiction, ICSID Case No. ARB/97/7, 25 January 2000
338
17. CMS Gas Transmission Company v. Argentine Republic, Award, ICSID Case No. ARB/01/8, 12 May 2005
358
18. CMS Gas Transmission Company v. Argentine Republic, Decision of the Ad Hoc Committee on the Application for Annulment of the Argentine Republic, ICSID Case No. ARB/01/8, 25 September 2007
434
19. Saluka Investment BV (The Netherlands) v. The Czech Republic, Partial Award, Permanent Court of Arbitration, 17 March 2006
458
20. Daimler Financial Services AG v. Argentine Republic, Award, ICSID Case No. ARB/05/1, 22 August 2012
512
Convention on the Settlement of Investment Disputes between
States and Nationals of Other States (ICSID Convention), Regulations and Rules, as amended in 2006
ICSI
D CO
NVE
NTI
ON,
REGU
LATI
ONS
AND
RULE
S
Inte
rnat
iona
l Ce
ntre
for
Se
ttle
men
t of
Inv
estm
ent
Disp
utes
1818
H S
tree
t, N
.W.
Was
hing
ton,
D.C
. 20
433,
U.S
.A.
ICSI
D/15
Apri
l 20
06
. No
t fo
r re
sale
.
8
Sum
mar
y Ta
ble
of C
onte
nts
Page
Intr
odu
ctio
n .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
.5
Con
ven
tion
on
th
e Se
ttle
men
t of
Inve
stm
ent
Dis
pute
s be
twee
n
Stat
es a
nd
Nat
ion
als
ofO
ther
Sta
tes
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
.7
Rep
ort
ofth
e E
xecu
tive
Dir
ecto
rs o
fth
e In
tern
atio
nal
Ban
k fo
r R
econ
stru
ctio
n a
nd
Dev
elop
men
t on
th
e C
onve
nti
on o
n t
he
Sett
lem
ent
ofIn
vest
men
t D
ispu
tes
betw
een
Sta
tes
and
Nat
ion
als
ofO
ther
Sta
tes
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
35
Adm
inis
trat
ive
and
Fin
anci
al R
egu
lati
ons
. . .
. . .
. . .
. . .
. . .
. . .
. .51
Ru
les
ofP
roce
dure
for
th
e In
stit
uti
on o
fC
onci
liati
on a
nd
Arb
itra
tion
Pro
ceed
ings
(In
stit
uti
on R
ule
s) .
. . .
. . .
. . .
. . .
. . .
. .73
Ru
les
ofP
roce
dure
for
Con
cilia
tion
Pro
ceed
ings
(C
onci
liati
on R
ule
s) .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
.81
Ru
les
ofP
roce
dure
for
Arb
itra
tion
Pro
ceed
ings
(A
rbit
rati
on R
ule
s) .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. . .
. .99
3
Intr
oduc
tion
Th
e In
tern
atio
nal
Cen
tre
for
Sett
lem
ent
ofIn
vest
men
t D
ispu
tes
(IC
SID
or
the
Cen
tre)
is
esta
blis
hed
by
the
Con
ven
tion
on
th
e Se
ttle
-m
ent
ofIn
vest
men
t D
ispu
tes
betw
een
Sta
tes
and
Nat
ion
als
ofO
ther
Stat
es (
the
ICSI
D C
onve
nti
on o
r th
e C
onve
nti
on).
Th
e C
onve
nti
on w
asfo
rmu
late
d by
th
e E
xecu
tive
Dir
ecto
rs o
fth
e In
tern
atio
nal
Ban
k fo
rR
econ
stru
ctio
n a
nd
Dev
elop
men
t (t
he
Wor
ld B
ank)
.O
n M
arch
18,
1965
,th
e E
xecu
tive
D
irec
tors
su
bmit
ted
the
Con
ven
tion
,w
ith
an
acco
mpa
nyin
g R
epor
t,to
mem
ber
gove
rnm
ents
of
the
Wor
ld B
ank
for
thei
r co
nsi
dera
tion
of
the
Con
ven
tion
wit
h a
vie
w t
o it
s si
gnat
ure
an
dra
tifi
cati
on.
Th
e C
onve
nti
on e
nte
red
into
for
ce o
n O
ctob
er 1
4,19
66,
wh
en i
t h
ad b
een
rat
ifie
d by
20
cou
ntr
ies.
As
at A
pril
10,
2006
,14
3co
un
trie
s h
ave
rati
fied
th
e C
onve
nti
on t
o be
com
e C
ontr
acti
ng
Stat
es.
In a
ccor
dan
ce w
ith
th
e pr
ovis
ion
s of
the
Con
ven
tion
,IC
SID
pro
-vi
des
faci
litie
s fo
r co
nci
liati
on a
nd
arbi
trat
ion
of
inve
stm
ent
disp
ute
sbe
twee
n C
ontr
acti
ng
Stat
es a
nd
nat
ion
als
ofot
her
Con
trac
tin
g St
ates
.T
he
prov
isio
ns
ofth
e IC
SID
Con
ven
tion
are
com
plem
ente
d by
Reg
ula
-ti
ons
and
Ru
les
adop
ted
by t
he
Adm
inis
trat
ive
Cou
nci
l of
the
Cen
tre
purs
uan
t to
Art
icle
6(1
)(a)
–(c)
of
the
Con
ven
tion
(th
e IC
SID
Reg
ula
-ti
ons
and
Ru
les)
.
The
IC
SID
Reg
ulat
ion
s an
d R
ules
com
pris
e A
dmin
istr
ativ
e an
dFi
nan
cial
Reg
ulat
ion
s;R
ules
of
Pro
cedu
re fo
r th
e In
stit
utio
n o
fC
onci
lia-
tion
an
d A
rbit
rati
on P
roce
edin
gs (
Inst
itut
ion
Rul
es);
Rul
es o
fP
roce
dure
for
Con
cilia
tion
Pro
ceed
ings
(C
onci
liati
on R
ules
);an
d R
ules
of
Pro
ce-
dure
for
Arb
itra
tion
Pro
ceed
ings
(A
rbit
rati
on R
ules
).T
he la
test
am
end-
men
ts o
fthe
IC
SID
Reg
ulat
ion
s an
d R
ules
ado
pted
by
the
Adm
inis
trat
ive
Cou
nci
l of
the
Cen
tre
cam
e in
to e
ffec
t on
Apr
il 10
,200
6.
Rep
rin
ted
in t
his
boo
klet
are
th
e IC
SID
Con
ven
tion
,th
e R
epor
t of
the
Exe
cuti
ve D
irec
tors
of
the
Wor
ld B
ank
on t
he
Con
ven
tion
,an
d th
eIC
SID
Reg
ula
tion
s an
d R
ule
s as
am
ende
d ef
fect
ive
Apr
il 10
,200
6.
5
9
CON
VEN
TION
ON
TH
E SE
TTLE
MEN
T OF
IN
VEST
MEN
TDI
SPU
TES
BETW
EEN
STA
TES
AND
NAT
ION
ALS
OF O
THER
STA
TES
7
Convention
CON
VEN
TION
ON
TH
E SE
TTLE
MEN
T OF
IN
VEST
MEN
T DI
SPU
TES
BETW
EEN
STA
TES
AND
NAT
ION
ALS
OF O
THER
STA
TES
Tabl
e of
Con
tent
s
Cha
pter
Sect
ion
Art
icle
sPa
ge
Pre
amb
le11
IIn
tern
atio
nal
Cen
tre
for
Sett
lem
ent
ofIn
vest
men
t D
isp
ute
s 1-
2412
1E
stab
lish
men
t an
d O
rgan
izat
ion
1-
312
2T
he
Adm
inis
trat
ive
Cou
nci
l4-
812
3T
he
Secr
etar
iat
9-11
144
Th
e Pa
nel
s12
-16
155
Fin
anci
ng
the
Cen
tre
1716
6St
atu
s,Im
mu
nit
ies
and
Pri
vile
ges
18-2
416
IIJu
risd
icti
on o
fth
e C
entr
e25
-27
18
III
Con
cili
atio
n28
-35
191
Req
ues
t fo
r C
onci
liati
on28
192
Con
stit
uti
on o
fth
e C
onci
liati
on
Com
mis
sion
29-3
120
3C
onci
liati
on P
roce
edin
gs32
-35
20
IVA
rbit
rati
on36
-55
221
Req
ues
t fo
r A
rbit
rati
on36
222
Con
stit
uti
on o
fth
e Tr
ibu
nal
37-4
022
3Po
wer
s an
d Fu
nct
ion
s of
the
Trib
un
al41
-47
234
Th
e A
war
d48
-49
255
Inte
rpre
tati
on,R
evis
ion
an
d A
nn
ulm
ent
ofth
e A
war
d50
-52
256
Rec
ogn
itio
n a
nd
En
forc
emen
t of
the
Aw
ard
53-5
527
VR
epla
cem
ent
and
Dis
qual
ific
atio
nof
Con
cili
ator
s an
d A
rbit
rato
rs56
-58
28
VI
Cos
t of
Pro
ceed
ings
59-6
129
VII
Pla
ce o
fP
roce
edin
gs62
-63
30
9
Convention
10
VII
ID
isp
ute
s B
etw
een
Con
trac
tin
g St
ates
6430
IXA
men
dm
ent
65-6
630
X
Fin
al P
rovi
sion
s67
-75
31
Sign
atu
re C
lau
se33
10
Convention
CON
VEN
TION
ON
TH
E SE
TTLE
MEN
T OF
IN
VEST
MEN
T DI
SPU
TES
BETW
EEN
STA
TES
AND
NAT
ION
ALS
OF O
THER
STA
TES
Prea
mbl
e
Th
e C
ontr
acti
ng
Stat
es
Con
sid
erin
gth
e n
eed
for
inte
rnat
ion
al c
oope
rati
on f
or e
con
omic
deve
lopm
ent,
and
the
role
of
priv
ate
inte
rnat
ion
al in
vest
men
t th
erei
n;
Bea
rin
g in
min
dth
e po
ssib
ility
th
at f
rom
tim
e to
tim
e di
spu
tes
may
ari
se i
n c
onn
ecti
on w
ith
su
ch i
nves
tmen
t be
twee
n C
ontr
acti
ng
Stat
es a
nd
nat
ion
als
ofot
her
Con
trac
tin
g St
ates
;
Rec
ogn
izin
gth
at w
hile
su
ch d
ispu
tes
wou
ld u
sual
ly b
e su
bjec
t to
nat
ion
al l
egal
pro
cess
es,
inte
rnat
ion
al m
eth
ods
ofse
ttle
men
t m
ay b
eap
prop
riat
e in
cer
tain
cas
es;
Att
ach
ing
par
ticu
lar
imp
orta
nce
to t
he
avai
labi
lity
offa
cilit
ies
for
inte
rnat
ion
al c
onci
liati
on o
r ar
bitr
atio
n t
o w
hic
h C
ontr
acti
ng
Stat
esan
d n
atio
nal
s of
oth
er C
ontr
acti
ng
Stat
es m
ay s
ubm
it s
uch
dis
pute
s if
they
so
desi
re;
Des
irin
gto
est
ablis
h s
uch
fac
iliti
es u
nde
r th
e au
spic
es o
fth
e In
ter-
nat
ion
al B
ank
for
Rec
onst
ruct
ion
an
d D
evel
opm
ent;
Rec
ogn
izin
gth
at m
utu
al c
onse
nt b
y th
e pa
rtie
s to
su
bmit
su
ch d
is-
pute
s to
con
cilia
tion
or
to a
rbit
rati
on th
rou
gh s
uch
faci
litie
s co
nst
itu
tes
a bi
ndi
ng
agre
emen
t w
hic
h r
equ
ires
in
par
ticu
lar
that
du
e co
nsi
dera
-ti
on b
e gi
ven
to a
ny r
ecom
men
dati
on o
fco
nci
liato
rs,a
nd
that
any
arb
i-tr
al a
war
d be
com
plie
d w
ith
;an
d
Dec
lari
ng
that
no
Con
trac
tin
g St
ate
shal
l by
the
mer
e fa
ct o
fits
rat
-if
icat
ion
,ac
cept
ance
or
appr
oval
of
this
Con
ven
tion
an
d w
ith
out
its
con
sen
t be
dee
med
to
be u
nde
r an
y ob
ligat
ion
to
subm
it a
ny p
arti
cula
rdi
spu
te t
o co
nci
liati
on o
r ar
bitr
atio
n,
Hav
e ag
reed
as f
ollo
ws:
11
Convention
11
Chap
ter
IIn
tern
atio
nal
Cent
re f
or
Sett
lem
ent
of I
nves
tmen
t Di
sput
es
Sect
ion
1Es
tabl
ishm
ent
and
Orga
niza
tion
Art
icle
1
(1)
Th
ere
is h
ereb
y es
tabl
ish
ed t
he
Inte
rnat
ion
al C
entr
e fo
r Se
ttle
-m
ent
ofIn
vest
men
t D
ispu
tes
(her
ein
afte
r ca
lled
the
Cen
tre)
.
(2)
Th
e pu
rpos
e of
the
Cen
tre
shal
l be
to p
rovi
de fa
cilit
ies
for
con
-ci
liati
on a
nd
arbi
trat
ion
of
inve
stm
ent
disp
ute
s be
twee
n C
ontr
acti
ng
Stat
es a
nd
nat
ion
als
ofot
her
Con
trac
tin
g St
ates
in a
ccor
dan
ce w
ith
th
epr
ovis
ion
s of
this
Con
ven
tion
.
Art
icle
2
Th
e se
at o
fth
e C
entr
e sh
all
be a
t th
e pr
inci
pal
offi
ce o
fth
e In
ter-
nat
ion
al B
ank
for
Rec
onst
ruct
ion
an
d D
evel
opm
ent
(her
ein
afte
r ca
lled
the
Ban
k).T
he
seat
may
be
mov
ed t
o an
oth
er p
lace
by
deci
sion
of
the
Adm
inis
trat
ive
Cou
nci
l ad
opte
d by
a m
ajor
ity
oftw
o-th
irds
of
its
mem
bers
.
Art
icle
3
Th
e C
entr
e sh
all
hav
e an
Adm
inis
trat
ive
Cou
nci
l an
d a
Secr
etar
iat
and
shal
l mai
nta
in a
Pan
el o
fC
onci
liato
rs a
nd
a Pa
nel
of
Arb
itra
tors
.
Sect
ion
2Th
e Ad
min
istr
ativ
e Co
unci
l
Art
icle
4
(1)
Th
e A
dmin
istr
ativ
e C
oun
cil
shal
l be
com
pose
d of
one
repr
e-se
nta
tive
of
each
Con
trac
tin
g St
ate.
An
alt
ern
ate
may
act
as
repr
esen
ta-
tive
in c
ase
ofh
is p
rin
cipa
l’s a
bsen
ce f
rom
a m
eeti
ng
or in
abili
ty t
o ac
t.
(2)
In t
he
abse
nce
of
a co
ntr
ary
desi
gnat
ion
,ea
ch g
over
nor
an
dal
tern
ate
gove
rnor
of
the
Ban
k ap
poin
ted
by a
Con
trac
tin
g St
ate
shal
lbe
ex
offi
cio
its
repr
esen
tati
ve a
nd
its
alte
rnat
e re
spec
tive
ly.
Art
icle
5
Th
e P
resi
den
t of
the
Ban
k sh
all
be e
x of
fici
oC
hai
rman
of
the
Adm
inis
trat
ive
Cou
nci
l (h
erei
naf
ter
calle
d th
e C
hai
rman
) bu
t sh
all
12
Convention
hav
e n
o vo
te.
Du
rin
g h
is a
bsen
ce o
r in
abili
ty t
o ac
t an
d du
rin
g an
yva
can
cy i
n t
he
offi
ce o
fP
resi
den
t of
the
Ban
k,th
e pe
rson
for
th
e ti
me
bein
g ac
tin
g as
Pre
side
nt
shal
l ac
t as
Ch
airm
an o
fth
e A
dmin
istr
ativ
eC
oun
cil.
Art
icle
6
(1)
Wit
hou
t pr
eju
dice
to
the
pow
ers
and
fun
ctio
ns
vest
ed i
n i
t by
oth
er p
rovi
sion
s of
this
Con
ven
tion
,th
e A
dmin
istr
ativ
e C
oun
cil s
hal
l:
(a)
adop
t th
e ad
min
istr
ativ
e an
d fi
nan
cial
reg
ula
tion
s of
the
Cen
tre;
(b)
adop
t th
e ru
les
ofpr
oced
ure
for
the
inst
itu
tion
of
con
cilia
-ti
on a
nd
arbi
trat
ion
pro
ceed
ings
;
(c)
adop
t th
e ru
les
ofpr
oced
ure
for
con
cilia
tion
an
d ar
bitr
a-ti
on p
roce
edin
gs (
her
ein
afte
r ca
lled
the
Con
cilia
tion
Ru
les
and
the
Arb
itra
tion
Ru
les)
;
(d)
appr
ove
arra
nge
men
ts w
ith
th
e B
ank
for
the
use
of
the
Ban
k’s
adm
inis
trat
ive
faci
litie
s an
d se
rvic
es;
(e)
dete
rmin
e th
e co
ndi
tion
s of
serv
ice
ofth
e Se
cret
ary-
Gen
-er
al a
nd
ofan
y D
epu
ty S
ecre
tary
-Gen
eral
;
(f)
adop
t th
e an
nu
al b
udg
et o
fre
ven
ues
an
d ex
pen
ditu
res
ofth
e C
entr
e;
(g)
appr
ove
the
ann
ual
rep
ort
on t
he
oper
atio
n o
fth
e C
entr
e.
Th
e de
cisi
ons
refe
rred
to
in s
ub-
para
grap
hs
(a),
(b),
(c)
and
(f)
abov
e sh
all
be a
dopt
ed b
y a
maj
orit
y of
two-
thir
ds o
fth
e m
embe
rs o
fth
e A
dmin
istr
ativ
e C
oun
cil.
(2)
Th
e A
dmin
istr
ativ
e C
oun
cil m
ay a
ppoi
nt s
uch
com
mit
tees
as
itco
nsi
ders
nec
essa
ry.
(3)
Th
e A
dmin
istr
ativ
e C
oun
cil
shal
l al
so
exer
cise
su
ch
oth
erpo
wer
s an
d pe
rfor
m s
uch
oth
er f
un
ctio
ns
as i
t sh
all
dete
rmin
e to
be
nec
essa
ry f
or t
he
impl
emen
tati
on o
fth
e pr
ovis
ion
s of
this
Con
ven
tion
.
Art
icle
7
(1)
Th
e A
dmin
istr
ativ
e C
oun
cil
shal
l h
old
an a
nn
ual
mee
tin
g an
dsu
ch o
ther
mee
tin
gs a
s m
ay b
e de
term
ined
by
the
Cou
nci
l,or
con
ven
edby
th
e C
hai
rman
,or
conv
ened
by
the
Secr
etar
y-G
ener
al a
t th
e re
ques
tof
not
less
th
an f
ive
mem
bers
of
the
Cou
nci
l.
(2)
Eac
h m
embe
r of
the
Adm
inis
trat
ive
Cou
nci
l sh
all
hav
e on
evo
te a
nd,
exce
pt a
s ot
her
wis
e h
erei
n p
rovi
ded,
all
mat
ters
bef
ore
the
Cou
nci
l sh
all b
e de
cide
d by
a m
ajor
ity
ofth
e vo
tes
cast
.
(3)
A q
uor
um
for
any
mee
tin
g of
the
Adm
inis
trat
ive
Cou
nci
l sh
all
be a
maj
orit
y of
its
mem
bers
.
13
Convention
12
(4)
Th
e A
dmin
istr
ativ
e C
oun
cil
may
est
ablis
h,
by a
maj
orit
y of
two-
thir
ds o
fit
s m
embe
rs,
a pr
oced
ure
wh
ereb
y th
e C
hai
rman
may
seek
a v
ote
ofth
e C
oun
cil w
ith
out
conv
enin
g a
mee
tin
g of
the
Cou
nci
l.T
he
vote
sh
all b
e co
nsi
dere
d va
lid o
nly
if
the
maj
orit
y of
the
mem
bers
ofth
e C
oun
cil
cast
th
eir
vote
s w
ith
in t
he
tim
e lim
it f
ixed
by
the
said
proc
edu
re.
Art
icle
8
Mem
bers
of
the
Adm
inis
trat
ive
Cou
nci
l an
d th
e C
hai
rman
sh
all
serv
e w
ith
out
rem
un
erat
ion
fro
m t
he
Cen
tre.
Sect
ion
3Th
e Se
cret
aria
t
Art
icle
9
Th
e Se
cret
aria
t sh
all
con
sist
of
a Se
cret
ary-
Gen
eral
,on
e or
mor
eD
epu
ty S
ecre
tari
es-G
ener
al a
nd
staf
f.
Art
icle
10
(1)
Th
e Se
cret
ary-
Gen
eral
an
d an
y D
epu
ty S
ecre
tary
-Gen
eral
sh
all
be e
lect
ed b
y th
e A
dmin
istr
ativ
e C
oun
cil b
y a
maj
orit
y of
two-
thir
ds o
fit
s m
embe
rs u
pon
th
e n
omin
atio
n o
fth
e C
hai
rman
for
a t
erm
of
serv
-ic
e n
ot e
xcee
din
g si
x ye
ars
and
shal
l be
elig
ible
for
re-
elec
tion
.A
fter
con
sult
ing
the
mem
bers
of
the
Adm
inis
trat
ive
Cou
nci
l,th
e C
hai
rman
shal
l pro
pose
on
e or
mor
e ca
ndi
date
s fo
r ea
ch s
uch
off
ice.
(2)
Th
e of
fice
s of
Secr
etar
y-G
ener
al a
nd
Dep
uty
Sec
reta
ry-G
ener
alsh
all b
e in
com
pati
ble
wit
h th
e ex
erci
se o
fany
pol
itic
al fu
nct
ion
.Nei
ther
the
Secr
etar
y-G
ener
al n
or a
ny D
epu
ty S
ecre
tary
-Gen
eral
may
hol
d an
yot
her
em
ploy
men
t or
en
gage
in
any
oth
er o
ccu
pati
on e
xcep
t w
ith
th
eap
prov
al o
fth
e A
dmin
istr
ativ
e C
oun
cil.
(3)
Du
rin
g th
e Se
cret
ary-
Gen
eral
’s a
bsen
ce o
r in
abili
ty t
o ac
t,an
ddu
rin
g an
y va
can
cy o
fth
e of
fice
of
Secr
etar
y-G
ener
al,t
he
Dep
uty
Sec
-re
tary
-Gen
eral
sh
all
act
as S
ecre
tary
-Gen
eral
.If
ther
e sh
all
be m
ore
than
on
e D
epu
ty S
ecre
tary
-Gen
eral
,th
e A
dmin
istr
ativ
e C
oun
cil
shal
lde
term
ine
in a
dvan
ce t
he
orde
r in
wh
ich
th
ey s
hal
l ac
t as
Sec
reta
ry-
Gen
eral
.
Art
icle
11
Th
e Se
cret
ary-
Gen
eral
sh
all
be t
he
lega
l re
pres
enta
tive
an
d th
epr
inci
pal o
ffic
er o
fth
e C
entr
e an
d sh
all b
e re
spon
sibl
e fo
r it
s ad
min
is-
trat
ion
,in
clu
din
g th
e ap
poin
tmen
t of
staf
f,in
acc
orda
nce
wit
h t
he
pro-
visi
ons
ofth
is C
onve
nti
on a
nd
the
rule
s ad
opte
d by
th
e A
dmin
istr
ativ
e
14
Convention
Cou
nci
l.H
e sh
all
perf
orm
th
e fu
nct
ion
of
regi
stra
r an
d sh
all
hav
e th
epo
wer
to
auth
enti
cate
arb
itra
l aw
ards
ren
dere
d pu
rsu
ant
to t
his
Con
-ve
nti
on,a
nd
to c
erti
fy c
opie
s th
ereo
f.
Sect
ion
4Th
e Pa
nels
Art
icle
12
Th
e Pa
nel
of
Con
cilia
tors
an
d th
e Pa
nel
of
Arb
itra
tors
sh
all
each
con
sist
ofq
ual
ifie
d p
erso
ns,
desi
gnat
ed a
s h
erei
naf
ter
prov
ided
,wh
o ar
ew
illin
g to
ser
ve t
her
eon
.
Art
icle
13
(1)
Eac
h C
ontr
acti
ng
Stat
e m
ay d
esig
nat
e to
eac
h P
anel
fou
r pe
r-so
ns
wh
o m
ay b
ut
nee
d n
ot b
e it
s n
atio
nal
s.
(2)
Th
e C
hai
rman
may
des
ign
ate
ten
per
son
s to
eac
h P
anel
.T
he
pers
ons
so d
esig
nat
ed t
o a
Pan
el s
hal
l eac
h h
ave
a di
ffer
ent
nat
ion
alit
y.
Art
icle
14
(1)
Pers
ons
desi
gnat
ed t
o se
rve
on t
he
Pan
els
shal
l be
per
son
s of
hig
h m
oral
ch
arac
ter
and
reco
gniz
ed c
ompe
ten
ce i
n t
he
fiel
ds o
fla
w,
com
mer
ce,
indu
stry
or
fin
ance
,w
ho
may
be
relie
d u
pon
to
exer
cise
inde
pen
den
t ju
dgm
ent.
Com
pete
nce
in t
he
fiel
d of
law
sh
all b
e of
par-
ticu
lar
impo
rtan
ce in
th
e ca
se o
fpe
rson
s on
th
e Pa
nel
of
Arb
itra
tors
.
(2)
Th
e C
hai
rman
,in
des
ign
atin
g p
erso
ns
to s
erve
on
th
e Pa
nel
s,sh
all
in a
ddit
ion
pay
du
e re
gard
to
the
impo
rtan
ce o
fas
suri
ng
repr
e-se
nta
tion
on
th
e Pa
nel
s of
the
prin
cipa
l leg
al s
yste
ms
ofth
e w
orld
an
dof
the
mai
n f
orm
s of
econ
omic
act
ivit
y.
Art
icle
15
(1)
Pan
el m
embe
rs s
hal
l ser
ve f
or r
enew
able
per
iods
of
six
year
s.
(2)
In c
ase
ofde
ath
or
resi
gnat
ion
of
a m
embe
r of
a Pa
nel
,th
eau
thor
ity
wh
ich
des
ign
ated
th
e m
embe
r sh
all
hav
e th
e ri
ght
to d
esig
-n
ate
anot
her
per
son
to
serv
e fo
r th
e re
mai
nde
r of
that
mem
ber’
s te
rm.
(3)
Pan
el m
embe
rs s
hal
l co
nti
nu
e in
off
ice
un
til
thei
r su
cces
sors
hav
e be
en d
esig
nat
ed.
Art
icle
16
(1)
A p
erso
n m
ay s
erve
on
bot
h P
anel
s.
15
Convention
13
(2)
Ifa
pers
on s
hal
l h
ave
been
des
ign
ated
to
serv
e on
th
e sa
me
Pan
el b
y m
ore
than
on
e C
ontr
acti
ng
Stat
e,or
by
one
or m
ore
Con
-tr
acti
ng
Stat
es a
nd
the
Ch
airm
an,h
e sh
all b
e de
emed
to
hav
e be
en d
es-
ign
ated
by
the
auth
orit
y w
hic
h f
irst
des
ign
ated
him
or,
ifon
e su
chau
thor
ity
is t
he
Stat
e of
wh
ich
he
is a
nat
ion
al,b
y th
at S
tate
.
(3)
All
desi
gnat
ion
s sh
all
be n
otif
ied
to t
he
Secr
etar
y-G
ener
al a
nd
shal
l tak
e ef
fect
fro
m t
he
date
on
wh
ich
th
e n
otif
icat
ion
is r
ecei
ved.
Sect
ion
5Fi
nanc
ing
the
Cent
re
Art
icle
17
Ifth
e ex
pen
ditu
re o
fth
e C
entr
e ca
nn
ot b
e m
et o
ut
ofch
arge
s fo
rth
e u
se o
fit
s fa
cilit
ies,
or o
ut
ofot
her
rec
eipt
s,th
e ex
cess
sh
all b
e bo
rne
by C
ontr
acti
ng
Stat
es w
hic
h a
re m
embe
rs o
fth
e B
ank
in p
ropo
rtio
n t
oth
eir
resp
ecti
ve s
ubs
crip
tion
s to
th
e ca
pita
l st
ock
ofth
e B
ank,
and
byC
ontr
acti
ng
Stat
es w
hic
h a
re n
ot m
embe
rs o
fth
e B
ank
in a
ccor
dan
cew
ith
ru
les
adop
ted
by t
he
Adm
inis
trat
ive
Cou
nci
l.
Sect
ion
6St
atus
, Im
mun
itie
s an
d Pr
ivile
ges
Art
icle
18
Th
e C
entr
e sh
all h
ave
full
inte
rnat
ion
al le
gal p
erso
nal
ity.
Th
e le
gal
capa
city
of
the
Cen
tre
shal
l in
clu
de t
he
capa
city
:
(a)
to c
ontr
act;
(b)
to a
cqui
re a
nd
disp
ose
ofm
ovab
le a
nd
imm
ovab
le p
rope
rty;
(c)
to in
stit
ute
lega
l pro
ceed
ings
.
Art
icle
19
To e
nab
le t
he
Cen
tre
to f
ulf
il it
s fu
nct
ion
s,it
sh
all e
njo
y in
th
e te
r-ri
tori
es o
fea
ch C
ontr
acti
ng
Stat
e th
e im
mu
nit
ies
and
priv
ilege
s se
tfo
rth
in t
his
Sec
tion
.
Art
icle
20
Th
e C
entr
e,it
s pr
oper
ty a
nd
asse
ts s
hal
l en
joy
imm
un
ity
from
all
lega
l pro
cess
,exc
ept
wh
en t
he
Cen
tre
wai
ves
this
imm
un
ity.
16
Convention
Art
icle
21
Th
e C
hai
rman
,th
e m
embe
rs o
fth
e A
dmin
istr
ativ
e C
oun
cil,
per-
son
s ac
tin
g as
con
cilia
tors
or
arbi
trat
ors
or m
embe
rs o
fa
Com
mit
tee
appo
inte
d pu
rsu
ant
to p
arag
raph
(3)
of
Art
icle
52,
and
the
offi
cers
an
dem
ploy
ees
ofth
e Se
cret
aria
t
(a)
shal
l en
joy
imm
un
ity
from
leg
al p
roce
ss w
ith
res
pect
to
acts
per
form
ed b
y th
em i
n t
he
exer
cise
of
thei
r fu
nct
ion
s,ex
cept
wh
en t
he
Cen
tre
wai
ves
this
imm
un
ity;
(b)
not
bei
ng
loca
l nat
ion
als,
shal
l en
joy
the
sam
e im
mu
nit
ies
from
im
mig
rati
on r
estr
icti
ons,
alie
n r
egis
trat
ion
req
uir
e-m
ents
an
d n
atio
nal
ser
vice
obl
igat
ion
s,th
e sa
me
faci
litie
sas
reg
ards
exc
han
ge r
estr
icti
ons
and
the
sam
e tr
eatm
ent
inre
spec
t of
trav
ellin
g fa
cilit
ies
as a
re a
ccor
ded
by C
ontr
act-
ing
Stat
es t
o th
e re
pres
enta
tive
s,of
fici
als
and
empl
oyee
s of
com
para
ble
ran
k of
oth
er C
ontr
acti
ng
Stat
es.
Art
icle
22
Th
e pr
ovis
ion
s of
Art
icle
21
shal
l ap
ply
to p
erso
ns
appe
arin
g in
proc
eedi
ngs
un
der
this
Con
ven
tion
as
part
ies,
agen
ts,
cou
nse
l,ad
vo-
cate
s,w
itn
esse
s or
ex
per
ts;
prov
ided
,h
owev
er,
that
su
b-pa
ragr
aph
(b)
ther
eof
shal
l app
ly o
nly
in c
onn
ecti
on w
ith
th
eir
trav
el to
an
d fr
om,
and
thei
r st
ay a
t,th
e pl
ace
wh
ere
the
proc
eedi
ngs
are
hel
d.
Art
icle
23
(1)
Th
e ar
chiv
es o
fth
e C
entr
e sh
all
be i
nvio
labl
e,w
her
ever
th
eym
aybe
.
(2)
Wit
h r
egar
d to
its
offi
cial
com
mu
nic
atio
ns,
the
Cen
tre
shal
l be
acco
rded
by
each
Con
trac
tin
g St
ate
trea
tmen
t n
ot l
ess
favo
ura
ble
than
that
acc
orde
d to
oth
er in
tern
atio
nal
org
aniz
atio
ns.
Art
icle
24
(1)
Th
e C
entr
e,it
s as
sets
,pro
pert
y an
d in
com
e,an
d it
s op
erat
ion
san
d tr
ansa
ctio
ns
auth
oriz
ed b
y th
is C
onve
nti
on s
hal
l be
exe
mpt
fro
mal
l ta
xati
on a
nd
cust
oms
duti
es.T
he
Cen
tre
shal
l al
so b
e ex
empt
fro
mlia
bilit
y fo
r th
e co
llect
ion
or
paym
ent
ofan
y ta
xes
or c
ust
oms
duti
es.
(2)
Exc
ept i
n th
e ca
se o
flo
cal n
atio
nal
s,n
o ta
x sh
all b
e le
vied
on
or
in r
espe
ct o
fex
pen
se a
llow
ance
s pa
id b
y th
e C
entr
e to
th
e C
hai
rman
or
mem
bers
of
the
Adm
inis
trat
ive
Cou
nci
l,or
on
or
in r
espe
ct o
fsa
lari
es,
expe
nse
allo
wan
ces
or o
ther
em
olu
men
ts p
aid
by t
he
Cen
tre
to o
ffic
ials
or e
mpl
oyee
s of
the
Secr
etar
iat.
(3)
No
tax
shal
l be
lev
ied
on o
r in
res
pect
of
fees
or
expe
nse
allo
wan
ces
rece
ived
by
pers
ons
acti
ng
as c
onci
liato
rs,o
r ar
bitr
ator
s,or 17
Convention
14
mem
bers
of
a C
omm
itte
e ap
poin
ted
purs
uan
t to
par
agra
ph (
3) o
fArt
i-cl
e 52
,in
pro
ceed
ings
un
der
this
Con
ven
tion
,if
the
sole
ju
risd
icti
onal
basi
s fo
r su
ch t
ax i
s th
e lo
cati
on o
fth
e C
entr
e or
th
e pl
ace
wh
ere
such
proc
eedi
ngs
are
con
duct
ed o
r th
e pl
ace
wh
ere
such
fee
s or
allo
wan
ces
are
paid
.
Chap
ter
IIJu
risd
icti
on o
f th
e Ce
ntre
Art
icle
25
(1)
Th
e ju
risd
icti
on o
fth
e C
entr
e sh
all e
xten
d to
any
lega
l dis
pute
aris
ing
dire
ctly
ou
t of
an i
nves
tmen
t,be
twee
n a
Con
trac
tin
g St
ate
(or
any
con
stit
uen
t su
bdiv
isio
n o
r ag
ency
of
a C
ontr
acti
ng
Stat
e de
sign
ated
to th
e C
entr
e by
that
Sta
te)
and
a n
atio
nal
of
anot
her
Con
trac
tin
g St
ate,
wh
ich
th
e pa
rtie
s to
th
e di
spu
te c
onse
nt
in w
riti
ng
to s
ubm
it t
o th
eC
entr
e.W
hen
th
e pa
rtie
s h
ave
give
n t
hei
r co
nse
nt,
no
part
y m
ay w
ith
-dr
aw it
s co
nse
nt
un
ilate
rally
.
(2)
“Nat
ion
al o
fan
oth
er C
ontr
acti
ng
Stat
e”m
ean
s:
(a)
any
nat
ura
l per
son
wh
o h
ad t
he
nat
ion
alit
y of
a C
ontr
act-
ing
Stat
e ot
her
th
an t
he
Stat
e pa
rty
to t
he
disp
ute
on
th
eda
te o
n w
hic
h th
e pa
rtie
s co
nse
nte
d to
su
bmit
su
ch d
ispu
teto
con
cilia
tion
or
arbi
trat
ion
as
wel
l as
on
th
e da
te o
nw
hic
h th
e re
ques
t was
reg
iste
red
purs
uan
t to
para
grap
h (
3)of
Art
icle
28
or p
arag
raph
(3)
of
Art
icle
36,
but
does
not
incl
ude
any
per
son
wh
o on
eit
her
dat
e al
so h
ad t
he
nat
ion
-al
ity
ofth
e C
ontr
acti
ng
Stat
e pa
rty
to t
he
disp
ute
;an
d
(b)
any
juri
dica
l p
erso
n w
hic
h h
ad t
he
nat
ion
alit
y of
a C
on-
trac
tin
g St
ate
oth
er t
han
th
e St
ate
part
y to
th
e di
spu
te o
nth
e da
te o
n w
hic
h th
e pa
rtie
s co
nse
nte
d to
su
bmit
su
ch d
is-
pute
to
con
cilia
tion
or
arbi
trat
ion
an
d an
y ju
ridi
cal p
erso
nw
hic
h h
ad t
he
nat
ion
alit
y of
the
Con
trac
tin
g St
ate
part
y to
the
disp
ute
on
that
dat
e an
d w
hic
h,b
ecau
se o
ffo
reig
n c
on-
trol
,th
e pa
rtie
s h
ave
agre
ed s
hou
ld b
e tr
eate
d as
a n
atio
nal
ofan
oth
er C
ontr
acti
ng
Stat
e fo
r th
e pu
rpos
es o
fth
is C
on-
ven
tion
.
(3)
Con
sen
t by
a c
onst
itu
ent
subd
ivis
ion
or
agen
cy o
fa
Con
trac
t-in
g St
ate
shal
l req
uir
e th
e ap
prov
al o
fth
at S
tate
un
less
th
at S
tate
not
i-fi
es t
he
Cen
tre
that
no
such
app
rova
l is
requ
ired
.
(4)
Any
Con
trac
tin
g St
ate
may
,at
the
tim
e of
rati
fica
tion
,acc
ept-
ance
or
appr
oval
of
this
Con
ven
tion
or
at a
ny ti
me
ther
eaft
er,n
otif
y th
eC
entr
e of
the
clas
s or
cla
sses
of
disp
ute
s w
hic
h i
t w
ould
or
wou
ld n
otco
nsi
der
subm
itti
ng
to t
he
juri
sdic
tion
of
the
Cen
tre.
Th
e Se
cret
ary-
Gen
eral
sh
all
fort
hwit
h t
ran
smit
su
ch n
otif
icat
ion
to
all
Con
trac
tin
g
18
Convention
Stat
es.
Such
not
ific
atio
n s
hal
l n
ot c
onst
itu
te t
he
con
sen
t re
quir
ed b
ypa
ragr
aph
(1)
.
Art
icle
26
Con
sen
t of
the
part
ies
to a
rbit
rati
on u
nde
r th
is C
onve
nti
on s
hal
l,u
nle
ss o
ther
wis
e st
ated
,be
deem
ed c
onse
nt
to s
uch
arb
itra
tion
to
the
excl
usi
on o
fan
y ot
her
rem
edy.
A C
ontr
acti
ng
Stat
e m
ay r
equ
ire
the
exh
aust
ion
of
loca
l adm
inis
trat
ive
or ju
dici
al r
emed
ies
as a
con
diti
on o
fit
s co
nse
nt
to a
rbit
rati
on u
nde
r th
is C
onve
nti
on.
Art
icle
27
(1)
No
Con
trac
tin
g St
ate
shal
l giv
e di
plom
atic
pro
tect
ion
,or
brin
gan
in
tern
atio
nal
cla
im,i
n r
esp
ect
ofa
disp
ute
wh
ich
on
e of
its
nat
ion
-al
s an
d an
oth
er C
ontr
acti
ng
Stat
e sh
all
hav
e co
nse
nte
d to
su
bmit
or
shal
l hav
e su
bmit
ted
to a
rbit
rati
on u
nde
r th
is C
onve
nti
on,u
nle
ss s
uch
oth
er C
ontr
acti
ng
Stat
e sh
all
hav
e fa
iled
to a
bide
by
and
com
ply
wit
hth
e aw
ard
ren
dere
d in
su
ch d
ispu
te.
(2)
Dip
lom
atic
pro
tect
ion
,for
th
e pu
rpos
es o
fpa
ragr
aph
(1)
,sh
all
not
incl
ude
info
rmal
dip
lom
atic
exc
han
ges
for
the
sole
pu
rpos
e of
faci
l-it
atin
g a
sett
lem
ent
ofth
e di
spu
te.
Chap
ter
III
Conc
iliat
ion
Sect
ion
1Re
ques
t fo
r Co
ncili
atio
n
Art
icle
28
(1)
Any
Con
trac
tin
g St
ate
or a
ny n
atio
nal
of
a C
ontr
acti
ng
Stat
ew
ish
ing
to i
nst
itu
te c
onci
liati
on p
roce
edin
gs s
hal
l ad
dres
s a
requ
est
toth
at e
ffec
t in
wri
tin
g to
th
e Se
cret
ary-
Gen
eral
wh
o sh
all s
end
a co
py o
fth
e re
ques
t to
th
e ot
her
par
ty.
(2)
Th
e re
ques
t sh
all c
onta
in in
form
atio
n c
once
rnin
g th
e is
sues
indi
spu
te,t
he
iden
tity
of
the
part
ies
and
thei
r co
nse
nt
to c
onci
liati
on i
nac
cord
ance
wit
h t
he
rule
s of
proc
edu
re f
or t
he
inst
itu
tion
of
con
cilia
-ti
on a
nd
arbi
trat
ion
pro
ceed
ings
.
(3)
Th
e Se
cret
ary-
Gen
eral
sh
all r
egis
ter
the
requ
est
un
less
he
fin
ds,
on t
he
basi
s of
the
info
rmat
ion
con
tain
ed i
n t
he
requ
est,
that
th
e di
s-pu
te is
man
ifes
tly
outs
ide
the
juri
sdic
tion
of
the
Cen
tre.
He
shal
l for
th-
wit
h n
otif
y th
e pa
rtie
s of
regi
stra
tion
or
refu
sal t
o re
gist
er.
19
Convention
15
Sect
ion
2Co
nsti
tuti
on o
f th
e Co
ncili
atio
n Co
mm
issi
on
Art
icle
29
(1)
Th
e C
onci
liati
on C
omm
issi
on (
her
ein
afte
r ca
lled
the
Com
mis
-si
on)
shal
l be
con
stit
ute
d as
soo
n a
s po
ssib
le a
fter
reg
istr
atio
n o
fa
requ
est
purs
uan
t to
Art
icle
28.
(2)
(a)
Th
e C
omm
issi
on s
hal
l co
nsi
st o
fa
sole
con
cilia
tor
or a
nyu
nev
en n
um
ber
ofco
nci
liato
rs a
ppoi
nte
d as
th
e pa
rtie
ssh
all a
gree
.
(b)
Wh
ere
the
part
ies
do n
ot a
gree
upo
n t
he
nu
mbe
r of
con
-ci
liato
rs a
nd
the
met
hod
of
thei
r ap
poin
tmen
t,th
e C
om-
mis
sion
sh
all
con
sist
of
thre
e co
nci
liato
rs,
one
con
cilia
tor
appo
inte
d by
eac
h p
arty
an
d th
e th
ird,
wh
o sh
all
be t
he
pres
iden
t of
the
Com
mis
sion
,ap
poin
ted
by a
gree
men
t of
the
part
ies.
Art
icle
30
Ifth
e C
omm
issi
on s
hal
l n
ot h
ave
been
con
stit
ute
d w
ith
in 9
0 da
ysaf
ter
not
ice
ofre
gist
rati
on o
fth
e re
ques
t h
as b
een
dis
patc
hed
by
the
Secr
etar
y-G
ener
al i
n a
ccor
dan
ce w
ith
par
agra
ph (
3) o
fA
rtic
le 2
8,or
such
oth
er p
erio
d as
th
e pa
rtie
s m
ay a
gree
,th
e C
hai
rman
sh
all,
at t
he
requ
est
ofei
ther
par
ty a
nd
afte
r co
nsu
ltin
g bo
th p
arti
es a
s fa
r as
pos
si-
ble,
appo
int
the
con
cilia
tor
or c
onci
liato
rs n
ot y
et a
ppoi
nte
d.
Art
icle
31
(1)
Con
cilia
tors
may
be
appo
inte
d fr
om o
uts
ide
the
Pan
el o
fC
on-
cilia
tors
,exc
ept
in t
he
case
of
appo
intm
ents
by
the
Ch
airm
an p
urs
uan
tto
Art
icle
30.
(2)
Con
cilia
tors
app
oin
ted
from
ou
tsid
e th
e Pa
nel
of
Con
cilia
tors
shal
l pos
sess
th
e qu
alit
ies
stat
ed in
par
agra
ph (
1) o
fA
rtic
le 1
4.
Sect
ion
3Co
ncili
atio
n Pr
ocee
ding
s
Art
icle
32
(1)
Th
e C
omm
issi
on s
hal
l be
the
judg
e of
its
own
com
pete
nce
.
(2)
Any
obj
ecti
on b
y a
part
y to
th
e di
spu
te t
hat
th
at d
ispu
te is
not
wit
hin
th
e ju
risd
icti
on o
fth
e C
entr
e,or
for
oth
er r
easo
ns
is n
ot w
ith
inth
e co
mpe
ten
ce o
fth
e C
omm
issi
on,
shal
l be
con
side
red
by t
he
Com
-
20
Convention
mis
sion
wh
ich
sh
all d
eter
min
e w
het
her
to
deal
wit
h it
as
a pr
elim
inar
yqu
esti
on o
r to
join
it t
o th
e m
erit
s of
the
disp
ute
.
Art
icle
33
Any
con
cilia
tion
pro
ceed
ing
shal
l be
con
duct
ed in
acc
orda
nce
wit
hth
e pr
ovis
ion
s of
this
Sec
tion
an
d,ex
cept
as
the
part
ies
oth
erw
ise
agre
e,in
acc
orda
nce
wit
h th
e C
onci
liati
on R
ule
s in
eff
ect o
n th
e da
te o
n w
hic
hth
e pa
rtie
s co
nse
nte
d to
con
cilia
tion
.Ifa
ny q
ues
tion
ofp
roce
dure
ari
ses
wh
ich
is
not
cov
ered
by
this
Sec
tion
or
the
Con
cilia
tion
Ru
les
or a
nyru
les
agre
ed b
y th
e pa
rtie
s,th
e C
omm
issi
on s
hal
l dec
ide
the
ques
tion
.
Art
icle
34
(1)
It s
hal
l be
th
e du
ty o
fth
e C
omm
issi
on t
o cl
arif
y th
e is
sues
in
disp
ute
bet
wee
n th
e pa
rtie
s an
d to
en
deav
our
to b
rin
g ab
out a
gree
men
tbe
twee
n t
hem
upo
n m
utu
ally
acc
epta
ble
term
s.To
th
at e
nd,
the
Com
-m
issi
on m
ay a
t an
y st
age
ofth
e pr
ocee
din
gs a
nd
from
tim
e to
tim
e re
c-om
men
d te
rms
ofse
ttle
men
t to
th
e pa
rtie
s.T
he
part
ies
shal
l coo
pera
tein
goo
d fa
ith
wit
h t
he
Com
mis
sion
in o
rder
to
enab
le t
he
Com
mis
sion
to c
arry
ou
t it
s fu
nct
ion
s,an
d sh
all
give
th
eir
mos
t se
riou
s co
nsi
dera
-ti
on t
o it
s re
com
men
dati
ons.
(2)
Ifth
e pa
rtie
s re
ach
agr
eem
ent,
the
Com
mis
sion
sh
all d
raw
up
are
port
not
ing
the
issu
es i
n d
ispu
te a
nd
reco
rdin
g th
at t
he
part
ies
hav
ere
ach
ed a
gree
men
t.If
,at
any
stag
e of
the
proc
eedi
ngs
,it
appe
ars
to t
he
Com
mis
sion
th
at t
her
e is
no
likel
ihoo
d of
agre
emen
t be
twee
n t
he
par-
ties
,it
shal
l clo
se t
he
proc
eedi
ngs
an
d sh
all d
raw
up
a re
port
not
ing
the
subm
issi
on o
fth
e di
spu
te a
nd
reco
rdin
g th
e fa
ilure
of
the
part
ies
tore
ach
agr
eem
ent.
Ifon
e pa
rty
fails
to
appe
ar o
r pa
rtic
ipat
e in
th
e pr
o-ce
edin
gs,t
he
Com
mis
sion
sh
all c
lose
the
proc
eedi
ngs
an
d sh
all d
raw
up
a re
port
not
ing
that
par
ty’s
fai
lure
to
appe
ar o
r pa
rtic
ipat
e.
Art
icle
35
Exc
ept
as t
he p
arti
es t
o th
e di
spu
te s
hall
othe
rwis
e ag
ree,
nei
ther
part
y to
a c
onci
liati
on p
roce
edin
g sh
all b
e en
titl
ed in
any
oth
er p
roce
ed-
ing,
whe
ther
bef
ore
arbi
trat
ors
or i
n a
cou
rt o
fla
w o
r ot
herw
ise,
toin
voke
or
rely
on
any
vie
ws
expr
esse
d or
sta
tem
ents
or
adm
issi
ons
orof
fers
of
sett
lem
ent m
ade
by th
e ot
her
part
y in
the
con
cilia
tion
pro
ceed
-in
gs,o
r th
e re
port
or
any
reco
mm
enda
tion
s m
ade
by t
he C
omm
issi
on. 21
Convention
16
Chap
ter
IVAr
bitr
atio
n
Sect
ion
1Re
ques
t fo
r Ar
bitr
atio
n
Art
icle
36
(1)
Any
Con
trac
tin
g St
ate
or a
ny n
atio
nal
of
a C
ontr
acti
ng
Stat
ew
ish
ing
to i
nst
itu
te a
rbit
rati
on p
roce
edin
gs s
hal
l ad
dres
s a
requ
est
toth
at e
ffec
t in
wri
tin
g to
th
e Se
cret
ary-
Gen
eral
wh
o sh
all s
end
a co
py o
fth
e re
ques
t to
th
e ot
her
par
ty.
(2)
Th
e re
ques
t sh
all c
onta
in in
form
atio
n c
once
rnin
g th
e is
sues
indi
spu
te,
the
iden
tity
of
the
part
ies
and
thei
r co
nse
nt
to a
rbit
rati
on i
nac
cord
ance
wit
h t
he
rule
s of
proc
edu
re f
or t
he
inst
itu
tion
of
con
cilia
-ti
on a
nd
arbi
trat
ion
pro
ceed
ings
.
(3)
Th
e Se
cret
ary-
Gen
eral
sh
all r
egis
ter
the
requ
est u
nle
ss h
e fi
nds
,on
th
e ba
sis
ofth
e in
form
atio
n c
onta
ined
in
th
e re
ques
t,th
at t
he
dis-
pute
is m
anif
estl
y ou
tsid
e th
e ju
risd
icti
on o
fth
e C
entr
e.H
e sh
all f
orth
-w
ith
not
ify
the
part
ies
ofre
gist
rati
on o
r re
fusa
l to
regi
ster
.
Sect
ion
2Co
nsti
tuti
on o
f th
e Tr
ibun
al
Art
icle
37
(1)
Th
e A
rbit
ral T
ribu
nal
(h
erei
naf
ter
calle
d th
e Tr
ibu
nal
) sh
all b
eco
nst
itu
ted
as s
oon
as
poss
ible
aft
er r
egis
trat
ion
of
a re
ques
t pu
rsu
ant
to A
rtic
le 3
6.
(2)
(a)
Th
e Tr
ibu
nal
sh
all c
onsi
st o
fa s
ole
arbi
trat
or o
r an
y u
nev
enn
um
ber
ofar
bitr
ator
s ap
poin
ted
as t
he
part
ies
shal
l agr
ee.
(b)
Wh
ere
the
part
ies
do n
ot a
gree
upo
n t
he
nu
mbe
r of
arbi
-tr
ator
s an
d th
e m
eth
od o
fth
eir
appo
intm
ent,
the
Trib
un
alsh
all
con
sist
of
thre
e ar
bitr
ator
s,on
e ar
bitr
ator
app
oin
ted
by e
ach
par
ty a
nd
the
thir
d,w
ho
shal
l be
th
e pr
esid
ent
ofth
e Tr
ibu
nal
,app
oin
ted
by a
gree
men
t of
the
part
ies.
Art
icle
38
Ifth
e Tr
ibu
nal
sh
all n
ot h
ave
been
con
stit
ute
d w
ith
in 9
0 da
ys a
fter
not
ice
ofre
gist
rati
on o
fth
e re
ques
t h
as b
een
dis
patc
hed
by
the
Secr
e-ta
ry-G
ener
al i
n a
ccor
dan
ce w
ith
par
agra
ph (
3) o
fA
rtic
le 3
6,or
su
chot
her
per
iod
as th
e pa
rtie
s m
ay a
gree
,th
e C
hai
rman
sh
all,
at th
e re
ques
tof
eith
er p
arty
an
d af
ter
con
sult
ing
both
par
ties
as
far
as p
ossi
ble,
22
Convention
appo
int
the
arbi
trat
or o
r ar
bitr
ator
s n
ot y
et a
ppoi
nte
d.A
rbit
rato
rsap
poin
ted
by th
e C
hai
rman
pu
rsu
ant t
o th
is A
rtic
le s
hal
l not
be
nat
ion
-al
s of
the
Con
trac
tin
g St
ate
part
y to
th
e di
spu
te o
r of
the
Con
trac
tin
gSt
ate
wh
ose
nat
ion
al is
a p
arty
to
the
disp
ute
.
Art
icle
39
Th
e m
ajor
ity
ofth
e ar
bitr
ator
s sh
all
be n
atio
nal
s of
Stat
es o
ther
than
th
e C
ontr
acti
ng
Stat
e pa
rty
to t
he
disp
ute
an
d th
e C
ontr
acti
ng
Stat
e w
hos
e n
atio
nal
is
a pa
rty
to t
he
disp
ute
;pro
vide
d,h
owev
er,t
hat
the
fore
goin
g pr
ovis
ion
s of
this
Art
icle
sh
all
not
app
ly i
fth
e so
le a
rbi-
trat
or o
r ea
ch i
ndi
vidu
al m
embe
r of
the
Trib
un
al h
as b
een
app
oin
ted
by a
gree
men
t of
the
part
ies.
Art
icle
40
(1)
Arb
itra
tors
may
be
appo
inte
d fr
om o
uts
ide
the
Pan
el o
fA
rbi-
trat
ors,
exce
pt i
n t
he
case
of
appo
intm
ents
by
the
Ch
airm
an p
urs
uan
tto
Art
icle
38.
(2)
Arb
itra
tors
app
oin
ted
from
ou
tsid
e th
e Pa
nel
of
Arb
itra
tors
shal
l pos
sess
th
e qu
alit
ies
stat
ed in
par
agra
ph (
1) o
fA
rtic
le 1
4.
Sect
ion
3Po
wer
s an
d Fu
ncti
ons
of t
he T
ribu
nal
Art
icle
41
(1)
Th
e Tr
ibu
nal
sh
all b
e th
e ju
dge
ofit
s ow
n c
ompe
ten
ce.
(2)
Any
obj
ecti
on b
y a
part
y to
th
e di
spu
te t
hat
th
at d
ispu
te is
not
wit
hin
th
e ju
risd
icti
on o
fth
e C
entr
e,or
for
oth
er r
easo
ns
is n
ot w
ith
inth
e co
mp
eten
ce o
fth
e Tr
ibu
nal
,sh
all
be c
onsi
dere
d by
th
e Tr
ibu
nal
wh
ich
sh
all d
eter
min
e w
het
her
to d
eal w
ith
it a
s a
prel
imin
ary
ques
tion
or t
o jo
in it
to
the
mer
its
ofth
e di
spu
te.
Art
icle
42
(1)
Th
e Tr
ibu
nal
sh
all
deci
de a
dis
pute
in
acc
orda
nce
wit
h s
uch
rule
s of
law
as
may
be
agre
ed b
y th
e pa
rtie
s.In
th
e ab
sen
ce o
fsu
chag
reem
ent,
the
Trib
un
al s
hal
l ap
ply
the
law
of
the
Con
trac
tin
g St
ate
part
y to
the
disp
ute
(in
clu
din
g it
s ru
les
on th
e co
nfl
ict o
flaw
s) a
nd
such
rule
s of
inte
rnat
ion
al la
w a
s m
ay b
e ap
plic
able
.
(2)
Th
e Tr
ibu
nal
may
not
bri
ng
in a
fin
din
g of
non
lique
t on
th
egr
oun
d of
sile
nce
or
obsc
uri
ty o
fth
e la
w.
(3)
Th
e pr
ovis
ion
s of
para
grap
hs
(1)
and
(2)
shal
l not
pre
judi
ce th
epo
wer
of
the
Trib
un
al t
o de
cide
a d
ispu
te e
x ae
quo
et b
ono
ifth
e pa
rtie
sso
agr
ee.
23
Convention
17
Art
icle
43
Exc
ept
as t
he
part
ies
oth
erw
ise
agre
e,th
e Tr
ibu
nal
may
,if
it d
eem
sit
nec
essa
ry a
t an
y st
age
ofth
e pr
ocee
din
gs,
(a)
call
upo
n t
he
part
ies
to p
rodu
ce d
ocu
men
ts o
r ot
her
evi
-de
nce
,an
d
(b)
visi
t th
e sc
ene
con
nec
ted
wit
h t
he
disp
ute
,an
d co
ndu
ctsu
ch in
quir
ies
ther
e as
it m
ay d
eem
app
ropr
iate
.
Art
icle
44
Any
arb
itra
tion
pro
ceed
ing
shal
l be
con
duct
ed i
n a
ccor
dan
ce w
ith
the
prov
isio
ns
ofth
is S
ecti
on a
nd,
exce
pt a
s th
e pa
rtie
s ot
her
wis
e ag
ree,
in a
ccor
dan
ce w
ith
th
e A
rbit
rati
on R
ule
s in
eff
ect
on t
he
date
on
wh
ich
the
part
ies
con
sen
ted
to a
rbit
rati
on.I
fan
y qu
esti
on o
fpr
oced
ure
ari
ses
wh
ich
is
not
cov
ered
by
this
Sec
tion
or
the
Arb
itra
tion
Ru
les
or a
nyru
les
agre
ed b
y th
e pa
rtie
s,th
e Tr
ibu
nal
sh
all d
ecid
e th
e qu
esti
on.
Art
icle
45
(1)
Failu
re o
fa
part
y to
app
ear
or t
o pr
esen
t h
is c
ase
shal
l n
ot b
ede
emed
an
adm
issi
on o
fth
e ot
her
par
ty’s
ass
erti
ons.
(2)
Ifa
part
y fa
ils to
app
ear
or to
pre
sen
t his
cas
e at
any
sta
ge o
fth
epr
ocee
din
gs t
he
oth
er p
arty
may
req
ues
t th
e Tr
ibu
nal
to
deal
wit
h t
he
ques
tion
s su
bmit
ted
to i
t an
d to
ren
der
an a
war
d.B
efor
e re
nde
rin
g an
awar
d,th
e Tr
ibu
nal
sh
all n
otif
y,an
d gr
ant a
per
iod
ofgr
ace
to,t
he
part
yfa
ilin
g to
app
ear
or to
pre
sen
t its
cas
e,u
nle
ss it
is s
atis
fied
that
that
par
tydo
es n
ot in
ten
d to
do
so.
Art
icle
46
Exc
ept
as
the
par
ties
ot
her
wis
e ag
ree,
the
Trib
un
al
shal
l,if
requ
este
d by
a p
arty
,det
erm
ine
any
inci
den
tal
or a
ddit
ion
al c
laim
s or
cou
nte
rcla
ims
aris
ing
dire
ctly
ou
t of
the
subj
ect-
mat
ter
ofth
e di
spu
tepr
ovid
ed th
at th
ey a
re w
ith
in th
e sc
ope
ofth
e co
nse
nt o
fth
e pa
rtie
s an
dar
e ot
her
wis
e w
ith
in t
he
juri
sdic
tion
of
the
Cen
tre.
Art
icle
47
Exc
ept a
s th
e pa
rtie
s ot
her
wis
e ag
ree,
the
Trib
un
al m
ay,i
fit
con
sid-
ers
that
th
e ci
rcu
mst
ance
s so
req
uir
e,re
com
men
d an
y pr
ovis
ion
alm
easu
res
wh
ich
sh
ould
be
take
n t
o pr
eser
ve t
he
resp
ecti
ve r
igh
ts o
fei
ther
par
ty.
24
Convention
Sect
ion
4Th
e Aw
ard
Art
icle
48
(1)
Th
e Tr
ibu
nal
sh
all
deci
de q
ues
tion
s by
a m
ajor
ity
ofth
e vo
tes
ofal
l its
mem
bers
.
(2)
Th
e aw
ard
ofth
e Tr
ibu
nal
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