Convention on the Settlement of Investment Disputes between States and Nationals of Other States (March 18, 1965)

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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