CONFIDENTIAL
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Panel four persons
(Article 13).
other
respective
who
may but need not be its nationals
If the expenditure of the Centre cannot be
met out of charges for the use of its facilities, or out of
receipts, the excess shall be borne by Contracting
States which are members of the IBRD in proportion to their
subscriptions to the capital stock of the Bank,
and by Contracting States which are not members of the IBRD
in accordance with rules adopted by the Administrative
Council (Article 17).
3.
Under Articles 18-24 of the Convention, the Centre
shall have full international legal personality and shall
enjoy in
the territory of each Contracting State
appropriate immunities and
Under Article 25,
privileges.
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 that
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
Consent by a constituent subdivision or agency
the Centre.
Contracting State shall require the approval of that
of a
State
unless
that State
notifies the Centre that no such
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