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Arbitration (International Investment Disputes) Act 1966
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SECTION 1Establishment and Organization
ARTICLE 1
(1)There is hereby established the International Centre for Settlement of Investment Disputes (hereinafter called the Centre).
(2)The purpose of the Centre shall be to provide facilities for conciliation and arbitration of investment disputes between Contracting States and nationals of other Contracting States in accordance with the provisions of this Convention.
ARTICLE 2
The seat of the Centre shall be at the principal office of the International Bank for Reconstruction and Development (hereinafter called the Bank). The seat may be moved to another place by decision of the Administrative Council adopted by a majority of two-thirds of its members.
ARTICLE 3
The Centre shall have an Administrative Council and a Secretariat and shall maintain a Panel of Conciliators and a Panel of Arbitrators.
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