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23-JAN-1992 09:55
POLITICAL ADVISOR OFFICE
+852 521 8702
P.03
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1.
Article 50
IMMUNITY FROM JUDICIAL PROCEEDINGS
The Bank shall enjoy immunity from every form of legal process, except in cases arising out of or in connexion with the exercise of its powers to borrow money, to guarantee obligations, or to buy and sell or underwrite the sale of securities, in which cases actions may be brought against the Bank in a court of competent jurisdiction in the territory of a country in which the Bank has its principal or a branch office, or has appointed an agent for the purpose of accepting service or notice of process, or has issued or guaran- teed securities.
2. Notwithstanding the provisions of paragraph 1 of this Article, no action shall be brought against the Bank by any member, or by any agency or instrumentality of a member, or by any entity or person directly or indi rectly acting for or deriving claims from a member or from any agency or instrumentality of a member. Members shall have recourse to such special procedures for the settlement of controversies between the Bank and its members as may be prescribed in this Agreement, in the by-laws and regula- tions of the Bank, or in contracts entered into with the Bank.
3. Property and assets of the Bank, shall, wheresoever located and by whomsoever held, be immune from all forms of seizure, attachment or execution before the delivery of final judgment against the Bank.
Article 51
IMMUNITY OF ASSETS
Property and assets of the Bank, wheresoever located and by whom- soever held, shall be immune from search, requisition, confiscation, expro- priation or any other form of taking or foreclosure by executive or legislative action.
Article 52
IMMUNITY OF ARCHIVES
The archives of the Bank, and, in general, all documents belonging to it, or held by it, shall be inviolable, wherever located.
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