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Convention on the Settlement of Investment Disputes between States and Nationals of Other States (March 18, 1965) |
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The World Bank | 1818 H Street, N.W. |
INTERNATIONAL BANK FOR | Washington, D.C. 20433 |
RECONSTRUCTION AND DEVELOPMENT | U.S.A. |
INTERNATIONAL DEVELOPMENT ASSOCIATION | |
Ратифицирована Законом КР от 5 июля 1997 года № 47
(202) 477-1234
Cable Address: INTBAFRAD
Cable Address: INDEVAS
CERTIFICATE
I, Timothy T.Thahane, Vice President and Secretary of the International Bank for Reconstruction and Development (Bank), hereby certify that:
1. Attached hereto is a true copy of the Convention on the Settlement of Investment Disputes between States and Nationals of Other States, the original of which is deposited in the archives of the Bank; and
2. The said Convention was signed on behalf of the Kyrgyz Republic on June 9, 1995.
IN WITNESS WHEREOF I have signed and affixed the seal of the Bank at Washington, D.C., this 12th day of June 1995.
Timothy T.Thahane
Convention
on the Settlement of Investment Disputes
between States and Nationals of Other States
Submitted to Governments by the Executive Directors of the
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
March 18, 1965
CONVENTION ON THE SETTLEMENT OF INVESTMENT DISPUTES
BETWEEN STATES AND NATIONALS
OF OTHER STATES
PREAMBLE
The Contracting States
Considering the need for international cooperation for economic development, and the role of private international investment therein;
Bearing in mind the possibility that from time to time disputes may arise in connection with such investment between Contracting States and nationals of other Contracting States;
Recognizing that while such disputes would usually be subject to national legal processes, international methods of settlement may be appropriate in certain cases;
Attaching particular importance to the availability of facilities for international conciliation or arbitration to which Contracting States and nationals of other Contracting States may submit such disputes if they so desire;
Desiring to establish such facilities under the auspices of the International Bank for Beconstruction and Development;
Recognizing that mutual consent by the parties to submit such disputes to conciliation or to arbitration through such facilities constitutes a binding agreement which requires in particular that due consideration be given to any recommendation of conciliators, and that any arbitral award be complied with; and
Declaring that no Contracting State shall by the mere fact of its ratification, acceptance or approval of this Convention and without its consent be deemed to be under any obligation to submit any particular dispute to conciliation or arbitration,
Have agreed as follows:
CHAPTER I
International Centre for Settlement of Investment Disputes
SECTIO№ 1
Establishment and Organization
Article 1
(1) There is hereby established the International Centre for Settlement of Investment Disputes (hereinafter called the Centre).