TNAG-2526-FCO40-3689-Future-of-Hong-Kong-International-Rights-and-Obligations-(IR-1992 — Page 2

CONFIDENTIAL

DRAFT

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4

Econ & Financial

Item 5.7

031/30

Convention on the Settlement of Investment Disputes

between States and Nationals of Other States,

Washington 1965

The Convention

The Convention on the Settlement of Investment

Disputes between States and Nationals of Other States ("the

Annex A) established the

International Centre for Settlement of Investment Disputes

for international conciliation Or

Convention")

("the

Centre")

(text

at

arbitration of investment disputes between Contracting

States and nationals of other

Contracting States

(Article 1).

The seat of the Centre is at the principal

office of the International Bank for Reconstruction and

Development ("IBRD"} but may be moved to another place by

decision of the Administrative Council adopted by a majority of two-thirds of its members (Article 2).

2.

of one

The Centre has an Administrative Council, composed

of each Contracting State, a

representative

Secretariat,

Arbitrators.

2 Panel of Conciliators and a Panel of

Each Contracting State may designate to each

CONFIDENTIAL ##

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