Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized ICSID Twelfth Annual Report 1977/1978

Contents Page Letter of Transmittal ...... 2 Highlights of the Year ...... 3 The Proposed Additional Facility...... 3 Signatures and Ratifications ...... 3 The Panels...... 4 Implementation of Article 54(2) of the Convention ...... 4 Advance Acceptance of the Jurisdiction of the Centre...... 4 Eleventh Annual Meeting of the Administrative Council...... 5 Disputes Submitted to the Centre...... 5 Finance ..... 6 Publications . 6 Annexes 1. List of Contracting States and Other Signatories of the Convention ...... 8 2. Members of the Administrative Council and Officials of the Centre . . . . . 10 3. List of the Members of the Panels of Conciliators and Arbitrators...... 11 4. Provisions Relating to ICSID in International Agreements and National Investment Laws. '' ''' ''.'".' '' ''' '.'' ' .. "."".''' ' .. " 22 5. Resolutions of the Administrative Counci! ...... 32 6. Financial Statement...... 33 7. Publications of ICSID...... 34 8. Legal Bibliography Relating to the Centre ...... 35

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0 International Centre for Settlement of Investment Disputes

August 28, 1978

Dear Mr. Chairman:

Pursuant to Administrative and Financial Regulation 4(4), I hereby submit to the Administrative Council for its approval the Annual Report on the operation of the International Centre for Settlement of Investment Disputes required by Article 6( 1)(g) of the Convention on the Settlement of Investment Disputes between States and Nationals of Other States. This Twelfth Annual Report covers the fiscal year July 1, 1977 to June 30, 1978.

The report includes the audited financial statement of the Centre, presented pursuant to Administrative and Financial Regulat1on 18.

Sincerely yours,

A. Broches Secretary-General

Mr. Robert S. McNamara President Administrative Council International Centre for Settlement of Investment Disputes

2 Highlights of the Year the form of rules and an administering authority, During the year under review: and that the Centre's Secretariat, which deals -the number of Contracting States increased exclusively with proceedings between such from 67 to 71; parties. could perform a useful service in this -the number of Signatory States increased regard. It was, of course, clearly understood that from 72 to 77; such proceedings would not be governed by -three new requests for arbitration were the Convention but would be based solely on registered, one pending arbitration proceed­ contract. ing was terminated by a unanimous award Governmental comments received prior to and two others discontinued after the parties the Eleventh Annual Meeting and the dis­ had reached an amicable settlement; cussions at that meeting showed substantial -several new bilateral treaties were concluded support in principle for the creation of the Addi­ between capital exporting and capital im­ tional Facility. The Administrative Council porting States providing for recourse to the adopted a resolution requesting the Secretary­ facilities of the Centre; General to prepare a detailed proposal for the -work on the proposed Additional Facility for Additional Facility for submission to the Council the administration by the Secretariat of cer­ at its Twelfth Annual Meeting and, in order to tain proceedings which are not within the ju­ secure wide acceptance of the proposal, to cir­ risdictional limits of the Convention, culate during the year drafts to the members of progressed to the point where detailed pro­ the Council for the comments of their govern­ posals will be submitted to the Administra­ ments. tive Council at its Twelfth Annual Meeting. In preparation for the discussions at the Twelfth Annual Meeting, the Secretariat circu­ The Proposed Additional Facility lated drafts of "Additional Facility Rules", defin­ At its Eleventh Annual Meeting, the Adminis­ ing the scope within which the Secretariat trative Council considered a proposal envisag­ would be authorized to act as administering au­ ing institutional arrangements for the adminis­ thority in respect of proceedings not governed tration by the Centre's Secretariat, at the re­ by the Convention, and accompanying financial quest of interested parties, of certain types of and administrative regulations and rules of pro­ conciliation and arbitration proceedings which cedure for conciliation. arbitration and fact­ do not meet the jurisdictional requirements of finding. In drafting the Additional Facility Rules the Convention, and of proceedings limited to the Secretariat has sought to define the scope pure fact-finding. Such arrangements were first of the Additional Facility in such a manner as to suggested by the Secretary-General at the avoid, on the one hand, recourse to the Addi­ Tenth Annual Meeting of the Council and a ten­ tional Facility in cases which fall within the tative proposal had been prepared by the Sec­ competence of the Centre under Article 25 of retariat and circulated for comments of govern­ the Convention and, on the other, mere duplica­ ments in the spring of 1977. tion of facilities for dispute settlement. The proposal for the creation of such institu­ tional arrangements (referred to as the "Addi­ Signatures and Ratifications tional Facility") was based on the belief that During the year the Convention was signed proceedings between governments and non­ by Fiji (July 1, 1977). Western Samoa (February governmental entities would be facilitated by 3, 1978), Kuwait (February 9, 1978), Seychelles the existence of institutional arrangements in (February 15, 1978), and Rwanda (April 21, 3 1978}, bringing the number of signatories to 77. upon to exercise the important and delicate Instruments of ratification were deposited by function of naming conciliators and arbitrators. Fiji (August 11, 1977), Mali (January 3. 1978}, Pursuant to Article 13(2) of the Convention the Seychelles (March 20, 1978), and Western Chairman himself may appoint up to 10 per­ Samoa (April25, 1978}. At June 30, 1978, there sons each to the Panel of Conciliators and the were 71 Contracting States. A list of Contract­ Panel of Arbitrators. The Cha1rman has not exer­ ing States and other signatories of the Conven­ cised this right, except once, in order to reserve tion appears in Annex 11 the possibility of supplementing the Panels to meet the requirements of a particular proceed­ The Panels2 ing. This is, however, neither an adequate nor a Pursuant to Article 13( 1) of the Convention, satisfactory remedy and Contracting States are Contracting Stales may designate up to four urged to lend their full cooperation m order to persons each to the Panel of Conciliators and enable the Panels to fulfill their intended func­ the Panel of Arbitrators. Litigants may, but are tion. not required to, appoint conciliators and arbitra­ tors from the Panels. The Chairman of the Ad­ Implementation of Article 54(2) of the ministrative Council, when called upon to ap­ Convention point conciliators and arbitrators, is restricted in Pursuant to Arttcle 54(2) o! the Convention his choice to the persons designated to the each Contracting State is required to notify the Panels. Secretary-General of the designation of the In order to offer litigants the widest possible competent court or other authority to which re­ choice it is desirable, and in order to enable the quests for the recognition and enforcement of Chairman of the Administrative Council to dis­ arbitral awards are to be addressed. Since the charge his responsibilities in a satisfactory provisions concernmg the recognition and en­ manner it is essential, that Contracting States forcement of arbitral awards rendered pursuant exercise their right to designate Panel mem­ to the Convention are among the key provisiOns bers and pay particular attention to the impor­ of that instrument, States which have not yet tance of selecting persons who not only meet done so are urged to make the appropriate des­ the highest personal and professional stan­ Ignation and notify the Centre thereof as soon dards but are also able and willing to serve on as possible. 51 States had made such designa­ Commissions and Tribunals when invited to do tions by June 30, 1978.' so. In designating persons to the Panel of Arbi­ trators, Contracting States should also keep in Advance Acceptance of the Jurisdiction of mind that because of provisions of the Conven­ the Centre tion regarding nationality of arbitrators, persons As more investors are becoming familiar with designated by a State would normally only be the Convention, ICSID compromissory clauses 1nvited to serve in proceedings to wh1ch ne1ther are being increasingly used in agreements be­ that State nor one of its nationals is a party. tween investors and host countries. References Experience to date has not been altogether to the Centre are also becommg more frequent satisfactory_ Less than! two-thirds of the Con­ in national legislation and in bilateral invest­ tracting States have exercised their right of ment treaties between capital exporting and designation, and several Contracting States capital importing States. Annex 4 lists invest­ have failed to keep their designations current. ment laws of host countries and bilateral In a few cases Panel members have not ac­ treaties that provide for the acceptance of the cepted invitations to serve, and the official jurisdiction of the Centre. functions of many Panel members may impose To assist parties to investment agreements limitations on their ability to serve. wishing to provide for ICSID JUriSdiction, the This is a matter of concern, especially since it Centre has prepared a set of model clauses may create serious difficulties for the Chairman which take into account all necessary jurisdic­ of the Administrative Council when he is called tional requirements of the Convention. 4

'Also ava·lab:e as document ICSID/3 ·see documert ICS:D/8 4 'See Annex 3 1 Docc.Jr~ert ICSlD/5" available from the Centre on req~est Eleventh Annual Meeting of the that he had no power to register the request for Administrative Council annulment since the Convention provides for The Eleventh Annual Meeting of the Adminis­ annulment of awards, and no award had been trative Council was held in Washington, D.C. on rendered. Further submissions for a suspension September 29, 1977, in conjunction with the of the proceedings were thereupon made by Annual Meeting of the Board of Governors of the Claimants. The Tribunal ordered the pro­ the World Bank. At this meeting the Council ap­ ceedings to continue as scheduled. The Claim­ proved the Eleventh Annual Report on the ants objected to the rulings of the Tribunal and operation of the Centre and the budget for Fis­ the Secretary-General, and reserved their rights cal Year 1978. It adopted two further resolu­ with respect thereto. tions, one inviting the Republic of the Following consultations by the President with Seychelles to sign the Convention, and the counsel for both parties in Stockholm in April other relating to the proposed Additional Facil­ 19 78, a further Procedural Order was issued ity to which reference has been made earlier in setting the further course of the proceedings this Report. The resolutions are reproduced in and calling for revised submissions by the par­ Annex 5. ties to be followed by hearings in September 1978. Disputes Submitted ot the Centre Three new arbitration cases were registered (2) Adriano Gardella SpA vs. Government by the Secretary-General during the past year, of Ivory Coast (Case ARB/7 4/1) three pending cases were terminated and pro­ On August 29, 1977. the Arbitral Tribunal ren­ ceedings continued in one pending case. dered a unanimous award in this case which Detailed data relating to proceedings instituted had been instituted in 197 4. The Centre has not prior to June 30, 1977, can be found in Annex 6 received consent from the parties to publish the of last year's Annual Report. award.

( 1) Holiday Inns/Occidental Petroleum vs. (3) Reynolds Jamaica Mines, Ltd. and Government of Morocco (Case Reynolds Metals Company vs. ARB/7211) Government of Jamaica (Case ARB/7 4/4) In December 1977 the reconstituted Arbitral The last of the three bauxite cases that had Tribunal (see Eleventh Annual Report. p. 34) been submitted to the Centre in June of 1974, held its first deliberations in Paris and con­ was terminated on October 12, 1977, when the sidered the latest submissions of the parties as Arbitral Tribunal issued a Procedural Order pur­ well as the parties' written replies to certain suant to Arbitration Rule 44 noting the questions addressed to them by the Tribunal. discontinuance of the proceeding at the re­ Upon conclusion of these deliberations, a Deci­ quest of Reynolds. Reynolds had previously sion and Procedural Order was rendered notified the Centre that on March 31, 1977, it whereby the Tribunal decided to continue the had concluded an agreement with the Govern­ proceedings from the point they had reached ment of Jamaica which provided a basis for ter­ prior to the death of President Petren and deter­ minating their dispute. mined the further steps to be taken. As called for by the above Decision and Procedural (4) Government of Gabon vs. Societe Order, the parties submitted certain information SERETE S.A. (Case ARB/76/1) to the Tribunal and hearings took place in Paris The Arbitral Tribunal issued a Procedural on January 23 - 24, 1978. During those hear­ Order on February 27, 1978, noting the discon­ ings, the Claimants submitted a set of inciden­ tinuance of the proceedings at the joint request tal submissions to the Tribunal. After the Tri­ of the parties. This case was instituted by a re­ bunal had rendered a decision on the incidental quest for arbitration by the Government of submissions, the Claimants delivered to the Gabon. registered on October 5, 1976. The Ar­ Secretary-General a request for annulment of bitral Tribunal was constituted on February 18, the Decision and Procedural Order of Decem­ 1977. Neither party had taken any further step ber 3, 1977. The Secretary-General declared in the proceeding. 5 (5) AGIP SpA vs. Government of the 13 tcr the purpose of holding the consultation People's Republic of Congo (Case prmncled for under Arbitration Rule 20. ARB/77/1) On October 13, 1977, the Centre received a (7) Guadalupe Gas Products Corp. vs. the request for arbitration from AGIP S.pA wh1r:t• Federal Military Government of Nigeria was registered on November 4, 1977. The (Case ARB/78/1) Claimant appointed Mr. Rene Jean Dupuy This case was registered on March 20, 1978. (French) as arbitrator. No arbitrator t1av1ng been The Claimant has appointed Mr. Elihu Lauter­ appointed by the Respondent and no agree­ pacht (British) and the Respondent has ap­ ment between the parties having been reached pointed Mr. Pieter Sanders (Dutch), as arbitra­ regarding the appointment of a President within tors. The parties are now in the process of ap­ 90 days of the date of dispatch by the Secre­ pointing the President of the TribunaL tary-General of the notice of registration to the part1es. the Claimant, on May 5, 1978, re­ Finance quested the Chairman of the Administrative The Financial Statement of the Centre for Fis­ Council, pursuant to Article 38 of the Conven­ cal Year 1978 is set forth in Annex 6. The ex­ tion and Arbitration Rule 4, to appoint two arbi­ penditures of the Centre were again covered trators and to designate one arbitrator as the entirely by the value of the services and facil­ President of the Tribunal. ities made available by the World Bank free of charge pursuant to the Memorandum of Admin­ (6) Societe Ltd. Benvenuti & Bonfant sri vs. istrative Arrangements concluded between the Government of the People's Republic Bank and the Centre in February 1967 ;5 and by of Congo (Case ARB/77/2) income from the sale of publications. Thus it On December 15, 1977, the Centre received was not necessary to assess any excess expen­ and registered a request for arbitration from ditures to the Contracting States pursuant to Ar­ Societe Ltd. Benvenuti & Bonfant sri. The ticle 17 of the Convention. Claimant and the Respondent, respectively, ap­ The Centre's expenses which are attributable pointed Mr. Rudolf Bystricky (Czechoslovakian) to the pending arbitration proceedings are and Mr. Edilbert Razaflndralambo (Malagasy) borne by the parties in accordance with the as arbitrators. No agreement between the par­ Centre's Administrative and Financial Regula­ ties having been reached regarding the ap­ tions. In accordance with these Regulations, the pointment of a President within 90 days of the Secretary-General calls on the parties from date of dispatch by the Secretary-General of time to time to make advance deposits to the notice of registrat1on to the parties, the defray the expenses of the proceedings. Claimant, on March 24, 1978, requested the Chairman of the Administrative Council, pur­ Publications suant to Article 38 of the Convention and Arbi­ Annex 7 gives a list of publications prepared tration Rule 4, to appoint an arbitrator and to by the Centre and available, for the most part, designate such arbitrator as the President of free of charge. the Tribunal. The Chairman, after consultations A bibliography, which lists publications con­ with the parties in accordance with Arbitration taining the official texts of the Convention and Rule 4(2), appointed Mr. Alex Bonn (Luxem­ unofficial translations, the Institution, Concilia­ bourg) as arbitrator and designated him as tion and Arbitration Rules, and books, articles President of the Tribunal. The Tribunal was con­ and reports concerning the Convention and the stituted on May 9, 1978. On May 25, 1978, Mr. Centre, is also available from the Centre on re­ Bonn submitted his resignation for personal quest. reasons. On June 3, 1978, the Chairman of the The Centre prepared during the past year a Administrative Council, pursuant to Arbitration new volume for the loose-leaf service "Invest­ Rule 11, filled the resulting vacancy by appoint­ ment Laws of the World Developing Coun- ing Mr. Jc6rgen Trolle (Danish). The first meeting of the Tribunal was held on June 14 and 15, ·Tne text of whrch ,s set forlh rn Annex 5 of the First Annual Report. In 6 1978, within the framework of Arbitration Rule •elal•on to AC(IM)tRES13 tries." The laws of 48 countries have now been and Zambia). published (Afghanistan. Benin, Botswana, The service is being published and sold com­ Burundi. Cameroon, Central African Empire, mercially by Oceana Publications. Inc. of Dobbs Chad, Congo, Egypt, Ethiopia, Gabon. Ghana. Ferry, New York. It deals on a country-by-coun­ Greece. Guyana, Indonesia. Ivory Coast, try basis with internal law and international Jamaica, Jordan. Kenya, Korea. Lesotho, agreements affecting foreign investment, and Liberia, Madagascar, Malawi, Malaysia, consists of a compilation of constitutional, Mauritania, Mauritius, Morocco, Nepal, Niger. legislative, regulatory and treaty materials. It is Nigeria, Pakistan. Romania, Senegal, periodically updated and supplemented as Singapore, Somalia, Sri Lanka, Sudan, Swazi­ necessary. A brochure concerning the service land, Taiwan, Togo, Trinidad and Tobago, is available from the publisher or the Centre on Tunisia, Uganda, Upper Volta. Yugoslavia, Zaire. request.

7 Annex 1

List of Contracting States and Other Signatories of the Convention (As of June 30, 1978) The 77 States listed below have signed the Convention on the dates indicated. The names of the 71 States that have deposited instruments of ratification are capitalized, and the dates of such deposit and of the attainment of the status of Contracting State by the entry into force of the Convention for each of them are also indicated.

Deposit of Entry into Force State Signature Ratificatoon of Convention ··---·---··---.. ---····--····---.. AFGHANISTAN Sep 30, 1966 Jun 25, 1968 Jul 25, 1968 Australia Mar 24, 1975 AUSTRIA May 17, 1966 May 25, 1971 Jun 24, 1971 BELGIUM Dec 15, 1965 Aug 27, 1970 Sep 26, 1970 BENIN, PEOPLE'S REPUBLIC OF Sep 10, 1965 Sep 6, 1966 Oct 14, 1966 BOTSWANA Jan 15, 1970 Jan 15, 1970 Feb 14, 1970 BURUNDI Feb 17, 1967 Nov 5, 1969 Dec 5, 1969 CAMEROON Sep 23, 1965 Jan 3, 1967 Feb 2, 1967 CENTRAL AFRICAN EMPIRE Aug 26, 1965 Feb 23, 1966 Oct 14, 1966 CHAD May 12, 1966 Aug 29, 1966 Oct 14, 1966 CHINA, REPUBLIC OF Jan 13, 1966 Dec 10, 1968 Jan 9, 1969 CONGO, PEOPLE'S REPUBLIC OF Dec 27, 1965 Jun 23, 1966 Oct 14, 1966 CYPRUS Mar 9, 1966 Nov 25, 1966 Dec 25, 1966 DENMARK Oct 11, 1965 Apr 24, 1968 May 24, 19681 EGYPT, ARAB REPUBLIC OF Feb 11, 1972 May 3, 1972 Jun 2, 1972 Ethiopia Sep 21, 1965 FIJI Jul 1' 1977 Aug 11, 1977 Sep 10, 1977 FINLAND Jul 14, 1967 Jan 9, 1969 Feb 8, 1969 FRANCE Dec 22, 1965 Aug 21, 1967 Sep 20, 1967 GABON Sep 21, 1965 Apr 4,1966 Oct 14, 1966 GAMBIA, THE Oct 1' 197 4 Dec 27, 1974 Jan 26, 1975 GERMANY, FEDERAL REPUBLIC OF Jan 27, 1966 Apr 18, 1969 May 18, 19692 GHANA Nov 26, 1965 Jul 13, 1966 Oct 14, 1966 GREECE Mar 16, 1966 Apr 21. 1969 May21,1969 GUINEA Aug 27, 1968 Nov 4, 1968 Dec 4, 1968 GUYANA Jul 3,1969 Jul 11, 1969 Aug 10,1969 ICELAND Jul 25, 1966 Jul 25, 1966 Oct 14, 1966 INDONESIA Feb 16, 1968 Sep 28, 1968 Oct 28, 1968 Ireland Aug 30. 1966 ITALY Nov 18, 1965 Mar 29. 1971 Apr 28, 1971 IVORY COAST Jun 30, 1965 Feb 16, 1966 Oct 14, 1966 JAMAICA Jun 23, 1965 Sep 9, 1966 Oct 14,1966 JAPAN Sep 23, 1965 Aug 17, 1967 Sep 16, 1967 JORDAN Jul 14, 1972 Oct 30, 1972 Nov 29, 1972 KENYA May 24, 1966 Jan 3, 1967 Feb 2, 1967 KOREA, REPUBLIC OF Apr 18, 1966 Feb 21, 1967 Mar 23, 1967 Kuwait Feb 9, 1978 LESOTHO Sep 19, 1968 Jul 8, 1969 Aug 7, 1969 LIBERIA Sep 3, 1965 Jun 16, 1970 Jul 16, 1970 LUXEMBOURG Sep 28,1965 Jul 30, 1970 Aug 29, 1970 MADAGASCAR Jun 1' 1966 Sep 6, 1966 Oct 14, 1966 MALAWI Jun 9, 1966 Aug 23, 1966 Oct 14, 1966 MALAYSIA Oct22, 1965 Aug 8, 1966 Oct 14, 1966 MALl Apr 9, 1976 Jan 3, 1978 Feb 2, 1978 MAURITANIA Jul 30, 1965 Jan 11, 1966 Oct 14, 1966

'Denmark excluded, by a notification received on May 15, 1968, the Faroe Islands: by a notification rece1ved on October 30. 1968. Den- mark extended the application of the Convention to the Faroe Islands as of January 1. 1969. 8 'Germany declared, on depositing Its mstrument of ratification, that the Convention would also apply to the Land Berlin. Depos1t of Entry tnfo Force State Stgnaturc fia:ificat!on ot Convention

MAURITIUS Jun 2, 1969 Jun 2, 1969 Jul 2, 1969" MOROCCO Oct 11, 1965 May 11, 1967 Jun 10, 1967 NEPAL Sep 28, 1965 Jan 7, 1969 Feb 6, 1969 NETHERLANDS May 25, 1966 Sep 14, 1966 Oct 14, 1966' New Zealand Sep 2. 1970 NIGER Aug 23. 1965 Nov 14, 1966 Dec 14, 1966 NIGERIA Jul 13, 1965 Aug 23, 1965 Oct 14, 1966 NORWAY Jun 24. 1966 Aug 16, 1967 Sep 15, 1967 PAKISTAN Jul 6, 1965 Sep 15, 1966 Oct 15, 1966 ROMANIA Sep 6, 1974 Sep 12, 1975 Oct 12. 1975 Rwanda Apr21, 1978 SENEGAL Sep 26, 1966 Apr 21, 1967 May 21, 1967 SEYCHELLES Feb 15, 1978 Mar 20, 1978 Apr 19, 1978 SIERRA LEONE Sep 27, 1965 Aug 2, 1966 Oct 14, 1966 SINGAPORE Feb 2, 1968 Oct 14, 1968 Nov 13, 1968 SOMALIA Sep 27, 1965 Feb 29, 1968 Mar 30, 1968 SRI LANKA Aug 30, 1967 Oct 12, 1967 Nov 11, 1967 SUDAN Mar 15, 1967 Apr 9, 1973 May 9, 1973 SWAZILAND Nov 3, 1970 Jun 14, 1971 Jul14, 1971 5 SWEDEN Sep 25, 1965 Dec 29, 1966 Jan 28, 1967 SWITZERLAND Sep 22, 1967 May 15, 1968 Jun 14, 1968 TOGO Jan 24, 1966 Aug 11, 1967 Sep 10, 1967 TRINIDAD AND TOBAGO Oct 5, 1966 Jan 3, 1967 Feb 2, 1967 TUNISIA May 5, 1965 Jun 22, 1966 Oct 14, 1966 UGANDA Jun 7, 1966 Jun 7, 1966 Oct 14, 1966 UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND May 26, 1965 Dec 19, 1966 Jan 18, 1967• UNITED STATES OF AMERICA Aug 27, 1965 Jun 10, 1966 Oct 14, 1966 UPPER VOLTA Sep 16, 1965 Aug 29, 1966 Oct 14, 1966 WESTERN SAMOA Feb 3, 1978 Apr 25, 1978 May 25, 1978 YUGOSLAVIA Mar 21, 1967 Mar 21. 1967 Apr 20, 1967 ZAIRE Oct29. 1968 Apr 29, 1970 May 29. 1970 ZAMBIA Jun 17, 1970 Jun 17, 1970 Jul 17, 1970

1Un:il Maufltius attained its independence on March 12, 1968, 1t was covered by tr:e ratiticat1on of the Un1ted KingdorP. -tQn depositing its instrument of ratification. the Netrer!ands restncted of the Convent1on to tne Kmgdom ;n cot•ficatlon received on May 22. 1970. the Netheilands withd1ew that and thus extended the application of the ~m·•venuon Suriname and the Netherlands Antilles; Suriname hav1ng attained 1ts 1 ndependence on November 25, 1975, the Convention ceased to be applicable to Sunname as of that date. ·Un!il Swaziland atta111ed its mdependence on Septembel 6. '968. 't was covered by 'he :at.f•calion of the United Kingdom nThe United Kmgdo'T1 has, pursuant to A1ticle 70 of the Corve'1tion. excluded from the following territones for whose irter- nationa\ relations it is responsible: Jersey • Isle of Man • Southern Rhodesia • Brunei • lr·di

Members of the Administrative Council and Officials of the Centre (As of June 30. 1978) Chairman of the Robert S. McNamara. ex officio as Administrative Council President, International Bank for Reconstruction and Development

Contracting State Representative' Alternate' ---- Afghanistan Abdul Karim Meesaqh Mehrabudin Pakitiawall Austria Hannes Androsch Walter Neudorfer Belgium Gaston Geens Cecil de Strycker Benin. People's Republic of Fran<;ois Dossou Abou Baba-Moussa Botswana M. D. Mokama• OKJ. Masire' Burundi Dominique Shiramanga Jean Ndimurukundo Cameroon Youssoulfa Daouda Amadou Bello Central African Empire Andre Dieudonne Magale Marc Babel Bedan Chad Ahmed Kerim Togo'i Blayo Ngartando China, Republic of Philtp C C. Chang Chun-Heng Tu Congo, People's Republic of the Fran<;ois Bita Andre Batanga Cyprus Andreas C. Patsalides A.C. Afxentiou Denmark K. B. Andersen Lise 0stergaard Egypt, Arab Republic of A. M. EI-Kaissouni Hamed EI-Sayeh Fiti C. A Stinson Savenaca Siwalibau Finland Esko Rekola Osmo Kalliala France Bernard Clappier Marcel Tneron Gabon Michel Anchouey J. Felix Mamalepol Gambia, The Assan Musa Camara T.G.G. Senghore Germany, Federal Republic of Hans Matthoefer Rainer Offergeld Ghana Anthony Kwesi Appiah K. Anane-Binfoh Greece Constantine Mitsotakis Stavros Dimas Gumea Momory Camara Sa'ikou Barry Guyana F. E. Hope Harold E. Wilkinson Iceland Olafur Johannesson Matthias A Mathiesen Indonesia Rachmat Saleh Julianto Moeliodihardjo Italy Paolo Baffi Felice Ruggiero Ivory Coast Abdoulaye Kane Leon Naka Jamaica Eric Bell Richard Fletcher Japan Tatsuo Murayama Teiichiro Morinaga Jordan Hanna Odell Hashim A. Dabbas Kenya Mwai Kibaki Leonard 0. Kibinge Korea, Republic of Yong Hwan Kim Byong Hyun Shtn Lesotho E. R.Sekhonyana A M. Monyake Liberia James T. Phillips, Jr. D. Franklin Neal Luxembourg Jacques F. Poos Raymond Kirsch Madagascar Rakotovao Razakaboana Rajaona Andriamananjara Malawi D. T. Matenje Allred A Upindi Malaysia Tengku Razaleigh Hamzah Abdullah bin Ayub Mali Ahmed Mohamed Ag Hamani Ttecoura Kone Mauritania Abdoulaye Baro Moustapha Ould Abeidarrahmane Mauritius Rabindrah Ghurburrun Devarajen Soopramanien Morocco Abdellatif Ghtssassi Mustapha Faris Nepal Bhekh B. Thapa Narakant Adhikary Netherlands FHJ.J. Andriessen J. de Koning Niger Mai Mai-Gana Mahamane Annou Nigeria KKA. Keazor• Musa Bello Norway Per Kleppe Steinar S¢rbotten• Pakistan A.G.N. Kazi Romania Florea Dumitrescu Gheorghe Popescu Senegal Louis Alexandrenne Serigne Lamine Dtop Seychelles Guy Morel* Sierra Leone A. B. Kamara B. M. Strasser-King Singapore Hon Sui Sen Howe Yoon Chong Somalia Mohamud Yusuf Weyrah Omar Ahmed Omer Sri Lanka Ronnie de Mel W. M. Tilakaratna Sudan Nasr Eldin Mustafa Abdel Rahman Abdei-Wahab Swaziland James Nxumalo V. E. Sikhondze Sweden Gosta Bohman Ola Ullsten Switzerland Raymond Probst• Roger Grossenbacher• Togo Koudjolou Dogo Napo Kakaye Trinidad and Tobago Enc Williams F. Barsotti Tumsia Mustapha Zaanouni Rachid Star Uganda Moses Ali Jino Geria United Kingdom Gordon R•chardson Sir Douglas Wass United States W. Michael Blumenthal Richard N. Cooper Upper Volta Patrice Ouattara Pierre Tahita Western Samoa Vaovasamanaia R. P. Phillips Maiava lulai Toma Yugoslavia Momcilo Cemovtc Mtodrag StoJiiJkovic Zaire Emony Mondanga Asal B ldzumbuir Zambta John M. Mwanakatwe Lloyd C. Stchilongo

Secretary-General A. Broches

'Except for the pe1sons rndtcated by an asterisk('), the Representatives and Alternates named are. respectively, Governors or Alternate 10 Governors ot the Bank, serving ex officio on the Adminrstrative Council, pursuant to Art1cle 4(2) of the Convent1on Annex 3

List of the Members of the Panel of Conciliators and Arbitrators (As of June 30, 1978) PART I. Designating Authority: Contracting State

CONTRACTING STATE Terminal Date Panel" Tille of Desrgnation'*"

AUSTRIA c Dr. Ladislaus BLASCHEK Jul 3, 1984 Bundeskammer der gewerblichen Wirtschaft c Dr. Helmut HASCHEK Jul 3, 1984 Chairman, Board of Executive Directors, Oesterreichische Kontrollbank AG A Dr. Demetre KALUSSIS Jul 3, 1984 Em. Professor, WirtschaftsuniversiU!t c Dr. Werner MELIS Jul 3, 1984 Director, Austrian Federal Economic Chamber of Commerce c Dr. Wolfgang OEHLER Jul 3, 1984 Chief Manager. International Division, Oesterreichische U~nderbank AG A Dr. Philipp RIEGER Jul 3, 1984 Board of Directors, Oesterreichische Nationalbank A Dr. Guido Nikolaus SCHMIDT-CHIARI Jul 3, 1984 Member of the Board, Creditanstalt-Bankverein A Dr. Fritz SCHOENHERR Jul 3, 1984 Professor. University of Vienna

BELGIUM A Baron H.J.N. ANSIAUX Jun 6, 1983 Gouverneur honoraire de Ia Banque Nationale de Belgique c M. Paul H.F. CALLEBAUT Dec 28, 1978 President de Ia Societe Nationale de Credit a l'lndustrie c M. Andre DEOUAE Dec 28, 1978 Ancien Ministre, President de Ia Chambre des Representants A M. Franz DE VOGHEL Jun 17, 1983 President de l'lnstitut de Reescompte et de Garantie A M. Robert P. HENRION Jun 6, 1983 Professeur d'Universite c M. Maurits NAESSENS Dec 28, 1978 President honoraire de Ia Banque de Paris et des Pays-Bas, Belgique c Professeur F. ROGIERS Jun 17, 1983 Professeur a I'Universite de Gand A Baron J. VAN HOUTTE Jun 6, 1983 Ministre d'Etat et Ancien Premier Ministre BENIN, PEOPLE'S REPUBLIC OF C M. Antoine SOYA Nov 30, 1981 Administrateur civil en retraite c M. Pierre A.M. FOURN Nov 30, 1981 President honoraire de Ia Chambre de Commerce et d'lndustrie du R.P.B. A Me Louis IGNATIO-PINTO Nov 30, 1981 Juge a Ia Cour lnternationale de Justice

--.. --·---··------.. --··--·--··--···--···------··--·-- •c = Concrliator: A= Arbitrator. ''Except as otherwrse ind1cated by a footnote, each Panel Member IS a national of the Contracting State which designated h1m. '''Panel members whose terms have expired shall, in accordance with Article 15(3) of the Convention, continue 1n office until their sue· cessors have been designated. 11 Annex 3 (continued)

CONTRACTING STATE NAME.. Term>nal Date Panel• Title of Designation• ..

CENTRAL AFRICAN EMPIRE A M. Victor BOUCHER Aug 28, 1980 Directeur General du Commerce et de l'lndustrie A M. Celestin GAOMBALET Aug 28, 1980 Directeur au Commissariat au Tresor Public c M. Michel GRISS-BEMBE Aug 28, 1980 Procureur General pres de Ia Cour Supreme c M. Fidele MANDABA-BORNOU Aug 28, 1980 President de Ia Cour Supreme c M. Joseph MANDE-DJAPOU Aug 28, 1980 Conseiller a Ia Cour Supreme c M. SOBANGUE LEVY Aug 28, 1980 Conseiller a Ia Cour d'Appel CHINA c Mr. Hsioh-kwen SHAO May 20, 1981 Deputy Director-General, Board of Foreign Trade, Ministry of Economic Affairs A Mr. Paul Chung-Tseng TSAI May 20, 1981 Attorney-at-Law A Dr. Joseph K. TWANMOH May 20, 1981 Attorney-at-Law c Mr. Philip WANG May 20, 1981 Representative of Taiwan Investment Services CYPRUS CA Mr. Nicos G. DIMITRIOU Jul 9, 1979 Chairman, Electricity Authority of Cyprus CA Mr. Paschalis L. PASCHALIDES Jul 9, 1979 Executive Chairman, Hellenic Mining Co., Ltd. CA Mr. Criton G. TORNARITIS Jul 9, 1979 Attorney-General CA Mr. Michael A. TRIANTAFYLLIDES Jul 9, 1979 President. Supreme Court DENMARK CA Mr. I. FOIGHEL Aug 20, 1979 Professor, LL.D. CA Mr. Henning KROG Aug 20, 1979 High Court Judge CA Mr. Hans TOPSOE-JENSEN Aug 20, 1979 President, the Maritime and Commercial Court CA Mr. J¢rgen TROLLE Aug 20, 1979 Retired President of the Supreme Court FINLAND CA Dr. Bengt H.GA BROMS Dec 6, 1980 Professor of International and Constitutional Law, University of Helsinki FRANCE CA M. Jean-Jacques DE BRESSON Jun 17, 1980 Conseiller d'Etat A M. Rene Jean DUPUY Jun 17, 1980 Professeur, Faculte de Droit et des Sciences Economiques de Nice c M. Jean PORTEMER Jun 17, 1980 Conseiller a Ia Cour de Cassation

12 (contmued) CONTRACTING STATE NAME .. Terminal Date Panel' Title of Designation,.*

FRANCE (cont

13 Annex 3 (contrnuedl

CONTRACTING STATE NAME .. Terminal Date Panel• Title of Designation***

-----~~~------~--~- GUINEA CA M. Mamba SANO Feb 10, 1975 Assistant, lnstitut National des Recherches CA Me Sy Savane SOULEYMANE Feb 10, 1975 lnspecteur General des Services d'Etat a Ia Presidence de Ia Republique de Guinee GUYANA c Mr. Hubert Oswald Earle BARKER, A.A. Jun 17, 1980 Retired Secretary to the Treasury A Mr. Brynmor T.l. POLLARD. A.A., S.C. Jun 17, 1980 Chief Parliamentary Counsel INDONESIA CA Mr. S. H. ATMODININGRAT Dec 31. 1975 Retired Senior Official, Ministry of Finance CA Mr. Byanti KHARMAWAN Dec31,1975 Executive Director, International Monetary Fund CA Prof. Dr. Mochtar KUSUMAATMADJA Dec31,1975 Professor of International Law CA Prof. R. SUBEKTI Dec 31, 1975 Chief Justice, Supreme Court of Justice JAMAICA A Mr. Harvey L. DA COST A Jul 10, 1973 Barrister and Attorney-at-Law c Mr. Oswald H. DUNN Jul10, 1973 Attorney-at-Law c Mr. Felix Malcolm FOX Jul10, 1973 c Norman HILL, Esq., Q.C. Apr 16, 1981 Attorney-at-Law c Mr. Mayer Michael MATALON Jul 10, 1973 Director, Industrial Commercial Developments A David M. MUIRHEAD, Esq., Q.C .. LL.B. Apr 16, 1981 Barrister-at-Law A Dr. Kenneth 0. RATTRAY Jul10, 1973 Privy Councillor A Mr. Deryck H.F. STONE Apr 16, 1981 Attorney-at-Law JAPAN c Mr. Morihisa EMORI Dec 17, 1980 Executive Vice-President, Mitsubishi Research Institute, Inc. A Mr. Junji HIRAGA Dec 17,1980 President. Showa Electric Wire and Cable Co .• Ltd. A Mr. lchiro KATO Dec 17. 1980 Professor, Faculty of Law, University of Tokyo A Mr. lchiro MATSUDAIRA Dec 17, 1980 Adviser. Board of Directors, Bank of Tokyo A Mr. Taiichiro MATSUO Dec 17,1980 President of Marubeni Corporation c Mr. Hisashi MURATA Dec 17, 1980 Executive Vice-President. Mitsui and Co .. Ltd. c Mr. Naokado NISHIHARA Dec 17, 1980 President. DaHchi Mutual Fire and Marine Insurance Company c Mr. Kumao NISHIMURA Dec 17, 1980 Member. Permanent Court of Arbitration

14 CONTRACTING STATE NAME•• Terminal Date ~-r me of Designation* ... JORDAN C A Mr. Ahmad AL-KHALIL Jun 20, 1979 Advocate C A Mr. Faiq Farah HALAZUN Jun 20, 1979 Retired Judge, Supreme Court and High Court of Justice C A Dr. Hisham R. HASHEM Jun 20, 1979 Advocate KENYA A Mr. B. Mareka GECAGA Jul 25, 1973 Chairman and General Manager, BAT. Kenya Ltd. A Mr. James F.H. HAMILTON Jul25, 1973 Advocate c Mr. Brian H. HOBSON Jul25, 1973 Managing Director, East African Breweries Ltd. c Mr. Samuel N. WARUHIU Jul25, 1973 Advocate KOREA c Mr. Kyoung Mo CHEUNG Jun 30, 1973 Attorney-at-Law c Mr. Won Hoon CHUNG Jun 30, 1973 Director and Deputy President, Korea Exchange Bank A Mr. Chong Dai KIM Jun 30, 1973 Executive Vice President. Korea Chamber of Commerce and Industry c Mr. lp Sam KIM Jun 30, 1973 Deputy Chairman, The Federation of Korean Industries c Mr. Suk Yoon KOH Jun 30, 1973 Attorney-at-Law A Mr. Chang Soo LEE Jun 30, 1973 A Mr. Chung Soo OH Jun 30, 1973 Chairman, Board of Directors, Korean Arrowroot Fibre Craft Company, Ltd. A Mr. Pom Sik OH Jun 30, 1973 President, Honam Power Co., Ltd. LESOTHO CA The Hon. Mr. Justice J. T. MAPETLA Aug 16, 1980 Chief Justice of Lesotho CA The Hon. Mr. Justice M. P. MOFOKENG May 2, 1983 Puisne Judge c Mr. T. T. THAHANE Aug 16,1980 Executive Director, World Bank Group LUXEMBOURG CA Dr. jur. Ernest ARENDT Dec 30, 1981 Avocat-avoue CA M. Alex BONN Dec 30, 1981 Avocat-avoue CA M. Joseph KAUFFMAN Dec 30, 1981 Docteur en Droit CA M. Fernand ZURN Dec 30, 1981 Avocat-avoue

15 Annex 3 (continued)

CONTRACTING STATE Terminal Date Panel' Title of Designation"** ------···---···---····---· MADAGASCAR A M. Cesaire MANJAKAVELO May 28, 1981 Magistral-Avoca! general C M. Zafimahery RAFAMATANANTSOA May 28, 1981 Avocat general a Ia Cour SuprE!Ime A M. Henri RAHARIJAONA May 28,1981 Ambassadeur C M. Honore RAKOTOMANANA Jun 8, 1983 Directeur General des Finances au Ministere des Finances et du Plan A M. Justin RAKOTONIAINA May 28, 1981 Professeur de Droit des Affaires aIa Faculte de Droit de Tananarive c M. Raymond RANJEVA May 28, 1981 Professeur Agrege a I'Universite de Madagascar A M. Edilbert RAZAFINDRALAMBO May 28, 1981 Premier President de Ia Cour Supreme c M. TOAZARA May 28, 1981 President du Conseil Superieur des Institutions MAURITANIA C A M. Victor A.R. BERGER-VACHON' Jul 31. 1973 Professeur a Ia Faculte de Droit et des Sciences Economiques de Paris C A M. Pierre LAMPUEI Jul 11, 1973 Professeur honoraire a Ia Faculte de Droit et des Sciences Economiques de Paris C A M. Henry SOLUS 1 Jul11, 1973 Professeur honoraire a Ia Faculte de Droit et des Sciences Economiques de Paris C A M. Georges E.H. VEDEL 1 Jul 11, 1973 Professeur aI'Universite de Droit, d'Economie et de Sciences Sociales de Paris MAURITIUS C A Mr. Jean Marc DAVID, Q.C. Jun 9, 1982 Barrister C A Mr. A. Hamid MOOLLAN Jun 9, 1982 Barrister MOROCCO C A M. Bensalem AHMED Aug 22, 1980 Tresorier General, Ministere des Finances C A M. Abdellaziz A. FILALI Aug 22, 1980 Premier President de Ia Cour d'Appel de Casablanca C A M. Othmane SLIMANI Aug 22, 1980 Secretaire General du Ministere des Finances C A M. Ahmed ZEGHARI Aug 22, 1980 Premier President de Ia Cour Speciale de Justice NETHERLANDS C Prof. Mr. H. J. HOFSTRA Jun 2, 1981 Em. Professor of Law, University of Leyden c Dr. Marius W. HOLTROP Jun 2, 1981 Retired President. De Nederlandsche Bank N.Y. c Prof. Dr. P. KUIN Jun 2, 1981 Professor of General Management at the Erasmus University

16 'Nationality: French. (continued) CONTRACTING STATE NAME .. Termmal Date Panel' Title of Designation .. •

NETHERLANDS (continuedl CA Prof. Mr. P. LIEFTINCK Jun 2, 1981 A Prof. Dr. Pieter SANDERS Jun 2, 1981 Professor at the Law Faculty of the Erasmus University A Prof. Dr. J. C. SCHUL TSZ Jun 2, 1981 Professor at the Erasmus University A Mr. C.R.C. WIJCKERHELD BISDOM Jun 2, 1981 Barrister NIGERIA c Mr. Musa BELLO Jun 21,1983 Permanent Secretary, Federal Ministry of Finance c Mr. Adamu CIROMA Jun 21, 1983 Governor of Central Bank of Nigeria A Mr. H. F. DAVID-WEST Jun 21, 1983 Deputy Solicitor-General of the Federation A Mr. Justice S. J. ECOMA Jun 21,1983 Judge of the Cross River State c Mr. Anofi S. GUOBADIA Jun 21, 1983 Chairman/Managing Director, Maiden Electronics Works Ltd. A Mr. 0. JEMIYO Jun21,1983 Principal State Counsel c Dr. Michael OMOLA YOLE Jun 21, 1983 Chairman, Lever Brothers Nigeria Limited A Mr. Kehinde SOFOLA Jun 21, 1983 Private Legal Practitioner NORWAY CA Mr. Per BRUNSVIG May 22, 1980 Doctor juris, Barrister of the Supreme Court CA Mr. Oscar C. GUNDERSEN May 22. 1980 Supreme Court Judge CA Mr. Jens Chr. HAUGE May 22, 1980 Barrister of the Supreme Court CA Mr. Axel HEIBERG May 22, 1980 Supreme Court Judge PAKISTAN A Mr. Malik Abdul HAMID Jul 4, 1979 Retired High Court Judge c Mr. Quazi Mohammad ISA Jul 4, 1979 Barrister-at-Law c Mr. Malik Mohammad JAFFAR Aug 18, 1981 Advocate c Mr. Mohammad Afzal KHAN Jul 4, 1979 Retired High Court Judge A Justice Feroze NANA Aug 9, 1979 Retired Judge A Mrs. Rashida PATEL Aug 18, 1981 Advocate c Mr. A. A. ZARI Aug 18. 1981 Advocate A Mr. Mian ZIAUD-DIN Aug 18, 1981 Barrister-at-Law

17 Annex 3 (cont>nued)

CONTRACTING STATE NAME .. Terminal Date Panel* T1tle of DeS1gnatton,....,

ROMANIA A Mrs. Florica ANDREI Dec 4, 1981 Member of the Supreme Court A Mr. Virgil ANTON Dec 4, 1981 Member of the Supreme Court c Mr. Constantin BEJENARU Dec 4, 1981 Counsellor at the Legislative Council c Mr. Nicolae DUTA Dec 4, 1981 Deputy Director, Ministry of Finance A Mr. loan FILIP Dec 4, 1981 Counsellor at the Legislative Council A Mr. Teodor PETRESCU Dec 4, 1981 Chief Justice, Constantza County Court c Mr. Teofil POP Dec 4, 1981 Deputy Director, Ministry of Justice c Mr. Romul VONICA Dec 4, 1981 Chief Justice, Jassy County Court SENEGAL A M. Hamel DIOP May21,1973 Directeur General de Ia Banque Nationale de Developpement A M. Keba M'BAYE May 21,1973 Premier President de Ia Cour Supreme A M. Amadou Tidiane NDIAYE Mar 8, 1983 Directeur du Financement du Plan A M. Amadou SOW May21,1973 D irecteur General de !'Union Senegalaise de Banque SRI LANKA A Mr. Hector ABHAYAVARDHANA Jun 10, 1974 Chairman, People's Bank c Mr. R. H. DE MEL Jun 10, 1974 c Mr. Tilak E. GOONERATNE Jun 10, 1974 Ambassador for Sri Lanka to the EEC and Benelux c Mr. Chelliah LOGANATHAN Jun 10, 1974 Retired General Manager, Development Finance Corporation of Sri Lanka A Mr. Miliani C. SANSONI Jun 10, 1974 Retired Chief Justice, Supreme Court of Sri Lanka A Mr. N. SINNETAMBY Jun 10, 1974 Retired Justice, Supreme Court of Sri Lanka c Mr. Lionel A. WEERASINGHE Jun 10, 1974 Retired Auditor General of Sri Lanka A Mr. H.W.R. WEERASOORIYA Jun 10, 1974 Retired Justice, Supreme Court of Sri Lanka SWEDEN c Mr. Gunnar GLIMSTEDT Sep 6, 1979 General Counsel and Director of Aktiebolaget Svenska Kullagerfabriken c Mr. Ove KJELLGREN Sep 6, 1979 Vice-President Administration. Luossavaara-Kiirunavaara AB A H. E. Gunnar LAGERGREN Sep 6, 1979 Marshal of the Realm c Mr. Erik LEIJONHUFVUD (LIONHEAD) Sep 6. 1979 Adviser

18 (continued) CONTRACTING STATE NAME'' Terminal Date Panel' Title of Designation*** --··--·------·----- SWEDEN

SWITZERLAND C M. Gerard BAUER Jul 31, 1983 President de Ia Federation horlogere suisse A M. I'Ambassadeur R. L. BINDSCHEDLER Nov 27, 1980 Jurisconsulte du Departement Politique Federal A M. Pierre CAVIN Jul31, 1983 Juge federal A M. Pierre A. LALIVE Nov 27, 1980 Professeur a I'Universite de Geneve eta l'lnstitut Universitaire de Hautes Etudes lnternationales c M. Guido LEPORI Nov 27, 1980 Ancien Ambassadeur de Suisse c M. Pierre Jean POINTET Nov 27, 1980 Professeur a I'Universite de Neuchatel A M. Alfred E. VON OVERBECK Nov 27, 1980 Professeur et Recteur de I'Universite de Fribourg TOGO CA Me Ayite D'ALMEIDA July 18, 1984 Avoca! Defenseur, Barreau de Lome CA Me Bebi OL YMPIO July 18, 1984 Magistral, Conseiller juridique, Ministere du Travail et de Ia Fonction Publique CA Me Aregba POLO July 18, 1984 Procureur de Ia Republique CA Me Anani SANTOS July 18, 1984 Avoca! Defenseur, Barreau de Lome

TUNISIA A M. Monee! BEL HADJ AMOR Jan 29, 1979 Ministre Charge des Relations avec I'Assemblee Nationale et Secreta ire General du Gouvernement c M. Hassen BELKHODJA Jan 29, 1979 President Directeur General de Ia Societe Tunisienne de Banque c M. Moncef BELKHODJA Jan 29, 1979 President Directeur General de Ia Banque Nationale de Tunisie c M. Mohamed BOUSBIA Jan 29, 1979 Directeur General de Ia Banque Centrale de Tunisie c M. Khaled CHAABOUNI Jan 29, 1979 Directeur des lnvestissements au Ministere du Plan A M. Mohamed Hedi ENNIFER Jan 29, 1979 President Directeur General de Ia Societe Tunisienne d'Assurance et de Reassurance A M. Kamel GORDAH Jan 29, 1979 Directeur des Conventions et du Contentieux de I'Etat A M. Mohamed SNOUSSI Jan 29, 1979

19 Annex 3 (conllnued)

CONTRACTING STATE NAME"" Terminal Date Panel* Title of Designation•••

UGANDA A Mr. Godfrey L. BINAISA, O.C. Oct 30, 1973 Barrister A Mr. Tom Walter BURUKU Mar 28, 1979 Leaf Manager, BAT. (Uganda) Ltd. c Mr. Y. KYESIMIRA Oct 30, 1973 Lecturer in Economics, Makerere University A Mr. C. MBOIJANA Oct 30, 1973 Barrister c Mr. D.J.K. NABET A Oct 30, 1973 Chairman/Managing Director, National Insurance Corporation c Mr. Semei NYANZI Oct 30, 1973 Chairman of Uganda Development Corporation c Dr. J. J. OLOYA Oct 30, 1973 UNITED KINGDOM A Mr. Maurice E. BATHURST, C.M.G., C.B.E., O.C. Aug 1, 1980 Barrister A The Hon. Sir Robert L. A. GOFF, D.C.L. Aug 1' 1980 High Court Judge c Lord GREENWOOD OF ROSSENDALE. P.C., J.P. Aug 9, 1980 Pro-Chancellor, University of Lancaster; Chairman, Local Government Staff Commission A Mr. Charles Eliot JAUNCEY, O.C. Aug 1, 1980 Advocate c The Rt. Hon. Aubrey JONES, P.C. Aug 9, 1980 Economist; Consultant A Mr. Elihu LAUTERPACHT, O.C. Aug 1' 1980 Barrister c Sir Frederick (Cecil) MASON, K.C.V.O., C.M.G. Aug 9, 1980 Director, New Court Natural Resources Ltd. c The Hon. A. Maxwell STAMP Aug 9, 1980 Chairman, Maxwell Stamp Associates Ltd. UNITED STATES OF AMERICA c Mr. Nathaniel J. ELY Aug 2, 1980 Attorney and Counselor-at-Law c Mr. William H.G. FITZGERALD Aug 2, 1980 First Vice-President, Hornblower and Weeks-Hemphill, Noyes, Inc. A Mr. Dixon HARWIN Aug 2, 1980 Professor of Economics, Glendale College A Mr. John Finley HOTCHKIS Aug 2, 1980 Vice-President, Everett Harris and Co. c Mr. Gilbert L. MATON Aug 2, 1980 c The Hon. Betty Southard MURPHY Aug 2, 1980 Chairman, National Labor Relations Board A Mr. Henry SALVATORI Aug 2, 1980 Chairman of the Board, Grant Oil Tool Company A Mr. Henry E. SEYFARTH Aug 2, 1980 Attorney UPPER VOLTA CA M. James LECARDEUR 1 May 31, 1973 lnspecteur General d'Etat CA M. Hyacinthe OUEDRAOGO May31,1973 (contmued) 20 'Nallonality: French. CONTRACTING STATE NAME .. Termmal Date Panel· Title of Designation ...

UPPER VOLTA (continued) C A M. K. Lazara SORE May 31, 1973 Directeur du Commerce, Ministere des Finances et du Commerce C A M. Charles S. TRAORE May 31. 1973 President de Ia Cour Supreme YUGOSLAVIA C A Prof. Dr. Ksente BOGOEV Jan 15, 1974 Professor, Faculty of Economics, Skopje University C A Prof. Dr. Stojan CIGOJ Jan 15,1974 Professor, Faculty of Laws, Ljubljana University C A Prof. Dr. Aleksandar GOLDST AJN Jan 15, 1974 Professor, Faculty of Laws, Zagreb University C A Prof. Dr. Vladimir JOVANOVIC Jan 15, 1974 Professor, Faculty of Laws, Belgrade University

PART 11. Designating Authority: Chairman of the Administrative Council

CONTRACTING STATE NAME .. Terminal Date Panet• Tille of Designation .. ~

A Mr. Fuad ROUHANJI Nov 19. 1980 Ambassador

1Nalionality: Iranian. 21 1\) 1\) Annex 4 Provisions Relating to ICSID in International Agreements and National Investment Laws (As of June 30, 1978) Part 1: Provisions Relating to ICSID in International Agreements

Dates

Provtsional Entry 1nto Short Title Language o1 Provisions Relating Part•es to Treaty Signature Application Fmce of Treaty Onginal Text Reference* to ICSID

Austria/Romania Sept. 30, Nov.8, Reciprocal Promo- German LL.W. (Romania) (to be published) 1976 1977 tion, Protection and Romanian B.G.B. (Austria) 162. Art.5 Guarantee of In- No. 553, p. 3543 vestments of Nov. 25, 1977

Belgium/Indonesia Jan. 15, Jan. 15, June 17, Encouragement English I.L.W. (Indonesia) Section 1 :4C-4.1 1970 1970 1972 and Reciprocal Pro- Moniteur Beige Art.10 tection of Invest- (Belgium) Aug. ments 31, 1972, p. 9449

Belgium/Korea Dec.20. Dec. 20, Sept.3, Encouragement English I.L.W. (Korea) (to be published) 1974 1974 1976 and Reciprocal Pro- Moniteur Beige Art.8 tection of Invest- (Belgium) Sept ments 24,1976. p. 12018

Belgium/Zaire Mar.28. Jan. 1, Reciprocal En- French ILW. (Zaire) Section 9:4E-4.1 1976 1977 couragement of In- Moniteur Beige Art 8 vestments (Belgium) Aug. 28, 1976, p.10752

Beige-Luxembourg Dec. 20, Dec. 20, Sept3, Encouragement English I.L.W. (Korea) Section 12:4G-4.2 Economic Union/Korea 1974 1974 1976 and Reciprocal Pro- Moniteur Beige Art.S tection of Invest- (Belgium) Sept. ments 24,1976, p. 12018

Cameroon/Netherlands Feb. 26, June23, Exchange of Let- French ILW. (Cameroon) Appendix to Part 1971 1973 ters, addition to the 4C of Title 29 Mar.12, Agreement onEco- Tractatenblad Art. 6 ter 1971 nomic and Techni- (Netherlands) cal Cooperation 1971, No. 108

Chad/Italy June11, Protection and Pro- French I.LW.(Chad) (to be published) 1969 motion of Capital Italian (not yet published Art. 7 Investments in Official Gazette) Egypt/France Dec. 22, Dec.22, Oct.1, Encouragement French I.LW (Egypt) Section 14:4F-4.1 1974 1974 1975 and Reciprocal Pro- Section 14:4F-5.1 tection of Invest- Official Gazette Art. 7 ments (France) Nov. 8, Art. 8 197 5, p. 11 486 Art.9

Egypt/Romania May 10, Jan. 22, Reciprocal Promo- Arab I.L.W. (Romania) (to be published) 1976 1977 lion and Guarantee English Official Bulletin Art.3 of Investments Romanian (Romania) No. 93 of Nov. 4, 1976

Egypt/United Kingdom June 11, June 11, Feb. 24, Promotion and Pro- English I.L.W. (Egypt) Section 14: 4E-4.1 1975 1975 1976 tection of Invest- U.K. Doc.-Egypt No. Art.8 ments 3 (1 975) CMND 6141

France/Egypt (see Egypt/France)

France/Indonesia June 14, June 14, April29, Encouragement English I.L.W. (Indonesia) Section 1:4H-3.2 1973 1973 1975 and Protection of French Section 1 :4H-5.2 French Investments Official Gazette Art.3 in Indonesia (France) Aug. 1, Art. 5 197 5, p. 7820

France/Korea Jan. 22, Jan.22, Encouragement French I.L.W. (Korea) Section 12: 4F-4.1 1975 1975 and Protection of Korean Official Gazette Art. 2 French Investments (France) May 7, in Korea 1975, p. 4628

France/Malaysia April24, Sept. 1, Guaranty of Invest- Bahasa-Malaysia I.L.W. (Malaysia) Section 5:4E-4.1 1975 1976 ments French Section 5:4E-5.1 (not yet published Art. 5 in Official Art.6 Gazette)

France/Mauritius Mar.22, Mar.1, Protection of In- French I.L.W. (Mauritius) (to be 1973 1974 vestments Official Gazette Art. 9 (France) May 18, 197 4, p, 5367

France/Morocco July 15, Dec.13, Reciprocal Protec- Arab I.L.W. (Morocco) Section 23:4E-4.1 1975 1976 lion, Encourage- French (not yet published Art. 10 ment and Guaranty in Official of Investments Gazette)

I\) 'ILW. refers to "Investment laws of the World", in Enghsh and French. prepared by ICSIO. published by Oceana Publicatrons, Dobbs Ferry, NY, and dealing on a country-by-country basis wrth laws and Co) internabonal agreements affecting investments. I\) {contmuedl ~ Annex 4 ------Dates

Provisional Entry into Short Title Language of Provisions Relating Parties to Treaty Signature Applicatron Force of Treaty Onginal Text Reference"' to rCSID

France/Romania Dec. 16, Reciprocal En- French I.L.W. (Romania) (to be published) 1976 couragement, Pro- Romanian (not yet published Art.B tection and in Official Guarantee of In- Gazette) vestments

France/Singapore Sept. B. Oct.18, Promotion and Pro- English I.L.W. (Singapore) Section 36:4E-4.2 1975 1976 tection of Invest- French Government Art.6 ments Gazette Art. 7(2) (Singapore) Nov. 7, 1975,No.31 p. 17

France/Tunisia June 30, June 30, Protection of In- French I.L.W. (Tunisia) Section 3:40-5.1 1972 1972 vestments Official Gazette Art. 2 (France) Oct. 28, Art. 3 1972, No. 253, p. 11309

France/Yugoslavia Mar.28, Mar.3, Protection of In- French I.L.W. (Yugoslavia) Section 7:48-5.1 1974 1975 vestments Section 7:48-5.2 Official Gazette Art.2 (Yugoslavia) Art. 7 1975, No.4 Official Gazette (France) May 12-13,1975, p.481359

France/Zaire Oct.5, Mar.1, Protection of In- French I.L.W. (Zaire) Section 9:40-4.1 1972 1975 vestments Official Gazette Art. 9 (Zaire) Sept. 16, 1975, p. 9507

Germany/Ivory Coast Oct.27, June 10, Encouragement French I.L.W. (Ivory Coast) Section 1 0:40-4.1 1966 1968 and Mutual Protec- German B.G.B. (Germany) Art. 11 (6) tion of Capital In- 1-1 968-11-p. 61 vestments

Indonesia/Belgium (see Belgium/ Indonesia) Indonesia/France (see France/ Indonesia)

Indonesia/Netherlands July 7, July 7, July 17, Economic Cooper- English I.L.W. (Indonesia) Section 1:40-4.1 1968 1968 1971 alion Tractatenblad Art.11 (Netherlands) Protocol 1968, No. 88

Indonesia/United Kingdom April27, Mar.24, Promotion and Pro- English I.L.W. (Indonesia) Section 1:41-4.1 1976 1977 tection of Invest- U.K. Doc.-lndonesia Art. 7 ments No.1 (1976) CMND 6490

Italy/Chad (see Chad/Italy)

Italy/Ivory Coast July 23, Protect and Pro- French I.L.W. (Ivory Coast) Section 10:4E-4.1 1969 mote Capital In- Official Gazette Art. 7 vestments (Ivory Coast) Sept.23, 1971, p.1389

Italy/Romania Jan.14, Reciprocal Promo- Italian I.L.W. (Romania) (to be published) 1977 lion and Guarantee Romanian (not yet published Art.4 of Investments in Official Gazette)

Ivory CoasUGermany (see Germany/ Ivory Coast

Ivory Coast/Italy (see Italy/Ivory Coast)

Ivory CoasUNetherlands Dec.31, Additional Protocol French I.L.W. (Ivory Coast) Appendix to Part 1971 to the Agreement 4C of Tille 10 on Economic and Tractatenblad Art.2 Technical Cooper- (Netherlands) alion 1972,No.21

Kenya/Netherlands Sept.11, Economic Cooper- English I.L.W. (Kenya) Section 11 : 4C-4.1 1970 at ion Tractatenblad Art. 11 (Netherlands) 1970, No. 166

1\) •1.L.W. refers to "Investment Laws of the World", in English and French, prepared by ICSID, published by Oceana Publ1cat1ons, Dobbs Ferry, N.Y .. and dealing on a country-by-country basis w1th laws and C1l internattonal agreements affecting investments. 1\) a> Annex 4 (continued)

Dates

Provisional Entry 1nto Short Title Language of Provisions Relat1ng Part1es to Treaty Signature Application Force of Treaty Original Text Reference* to ICSID

Korea/Belgium (see Belgium/Korea)

Korea/Belgo-Luxemburg Economic Union (see Belgo-Luxemburg Economic Union/ Korea)

Korea/France (see France/Korea)

Korea/Netherlands Oct.16, July 1, Promotion of Invest- English I.L.W. (Korea) Section 12:4D-4.1 1974 1975 ments Tractatenblad Art.6 (Netherlands) 197 4, No. 220

Korea/United Kingdom Mar.4, Mar.4, Promotion and Pro- English I.L.W. (Korea) Section 12:4E-4.1 1976 1976 tection of Invest- Korean Treaty Series (U.K.) Art.B ments No. 45 (1976) CMND 6510

Malaysia/France (see France/Malaysia)

Malaysia/Netherlands June 15, Sept.13, Economic Cooper- Bahasa-Malaysia I.L.W. (Malaysia) Section 5:4D-4.2 1971 1972 ation Dutch Tractatenblad Art.12 English (Netherlands) 1971,No.152

Mauritius/France (see France/Mauritius)

Morocco/France (see France/Morocco)

Morocco/Netherlands Dec. 23, Dec. 23, Economic Cooper- French I.L.W. (Morocco) Section 23:4D-4.1 1971 1971 ation Tractatenblad Art.13 (Netherlands) 1972,No.14 Netherlands/Cameroon {see Cameroon/ Netherlands)

Netherlands/! ndonesia (see Indonesia/ Netherlands)

Netherlands/Ivory Coast (see Ivory Coast! Netherlands)

Netherlands/Kenya (see Kenya/ Netherlands)

Netherlands/Korea (see Korea/ Netherlands)

Netherlands/Malaysia (see Malaysia/ Netherlands)

Netherlands/Morocco (see Morocco/ Netherlands)

Netherlands/Senegal Oct.5, Exchange of Let- French I.L.W. (Senegal) Appendix to Part 1 1972 ters, addition to the 40 o!Title 21 Feb. 15, Agreement onEco- Tractatenblad Art. 5 ter 1971 nomic and Techni- (Netherlands) cal Cooperation 1971, No. 44

Netherlands/Singapore May 16, Sept. 7, Economic Cooper- English I.L.W. (Singapore) Section 36:4C-4.1 1972 1973 at ion Tractatenblad Art. 11 (Netherlands) 1972, No. 124

Netherlands/Tunisia April26, July6, Exchange of Let- French I.L.W. (Tunisia) Appendix to Part 1971 1972 ters, addition to the 4C of Title 3 16, Treaty on En- Tractatenblad Art. 3 ter couragement of (Netherlands) Capital Investments 1971, No. 156 and Protection of Property

1\) 'LL.W. refers to "Investment Laws of the World", in English and French, prepared by ICSID. published by Oceana Publications, Dobbs Ferry, N.Y., and dealing on a country·by-country basis with laws and ~ rnternational agreements affecting Investments. 1\) CD Annex 4 (continued) ----·- -~"' Dates

~ ~~~------ProviS1ona1 Entry >nto Short Tltle Language of Provrsrons Relating Parties to Treaty Srgnature Applrcalion Force of Treaty Orrgrnal Text Reference"' to ICSID ----- Netherlands/Uganda April24, Economic Cooper- English I.L.W. (Uganda) Section 15:4C-4.1 1970 at ion Tractatenblad Art.12 (Netherlands) 1970, No. 87

Netherlands/Yugoslavia Feb. 16, April1, Protection of In- English ILW. (Yugoslavia) Section 7:4C-4.1 1976 1977 vestments Tractatenblad Art. 6 (Netherlands) 1976, No. 40; No. 36 of Feb. 23, 1977 Romania/Austria (see Austria/Romania)

Romania/Egypt (see Egypt/Romania)

Romania/France (see France/Romania)

Romania/Italy (see Italy/Romania)

Romania/United Kingdom Mar.19, Nov.22, Reciprocal Promo- English I.L.W. (Romania) (to be published) 1976 1976 tion and Protection Romanian Official Bulletin Art. 4 of Investments (Romania) No. 70 of July 14, 1976 Senegal/Netherlands (see Netherlands/ Senegal)

Singapore/France (see France/ Singapore

Singapore/Netherlands (see Netherlands/ Singapore)

Singapore/ July 22, July 22, Promotion and Pro- English ILW. (Singapore) Section 36:40-4.1 United Kingdom 1975 1975 tection of Invest- Treaty Series (U.K.) Art. 8 ments No.151 (1975) CMND 6300 Tunisia/France (see France/Tunisia)

Tunisia/Netherlands (see Netherlands/ Tunisia)

Uganda/Netherlands (see Netherlands/ Uganda)

United Kingdom/Egypt (see Egypt/ United Kingdom)

United Kingdom/ Indonesia (see Indonesia/United Kingdom)

United Kingdom/Korea (see Korea/United Kingdom)

United Kingdom/Romania (see Romania/ United Kingdom)

United Kingdom/ Singapore (see Singapore/ United Kingdom)

Yugoslavia/France (see France/ Yugoslavia)

Yugoslavia/Netherlands (see Netherlands/ Yugoslavia)

Zaire/Belgium (see Belgium/Zaire)

Zaire/France (see France/Zaire)

1\) •I.L.W. refers to "Investment Laws of the World", 1n English and French, prepared by ICSID, published by Oceana Publications, Dobbs Ferry, N.Y., and dealing on a country-by-country basis with laws and <0 international agreements affecting investments. c.u Annex 4 0 Part II: Provisions Relating to ICSID In National Investment Laws

·---~-----~------·--.. --- Language of Prov•sions Relating Country Title Date Origmal Text Reference"' to ICSID ··--" ------

Afghanistan Foreign and Domestic Private Invest- Feb. 20, Dari I.L.W. (Afghanistan) Section 16: 2A-1 0.1 ment Law 1967 Official Gazette Art.19 (Afghanistan) Feb. 20, 1967, No. 72

Benin, People's Republic Order No. 72-1 of January 8,1972, Jan. B. French I.L.W. (Benin) Section 30: 2A-1 0.1 of Relating to the Investment Code 1972 Official Gazette Art. 51 (Benin) March 1, 1972

Congo, People's Republic Order No. 11/73 of April26. 1973, Apri126, French I.L.W. (Congo) Section 38:2A-1 0.2 of the Relating to the Investment Code 1973 Official Gazette Art.47 (Congo) May 1,1973

Egypt, Arab Republic of Law No. 43 of 197 4 Concerning the In- June 19, Arab I.L.W. (Egypt) Section 14:2A-10.1 vestment of Arab and Foreign Funds 1974 Official Gazette Art.8 and the Free Zones (Egypt) June 27, 1974,No.26

Ghana Capital Investments Decree, 1973 Jan.9, English I.L.W. (Ghana) Section 4:2A-10.1 1973 N.R.C.D. (Ghana) Art.11 No.141

Madagascar Order No. 73-057 Relating to the In- Sept.19. French I.L.W. (Madagascar) Section 26:2A-12.1 vestments Code 1973 Malagasy Official Gazette Preamble (Madagascar) Sept. 21. 1973, p. 3022

Niger Law No.7 4-18 of March 11, 197 4, Mar.11, French l.L.W. (Niger) Section 25:26-10.1 Amending Laws No. 68-24 of July 31, 1974 Official Gazette (Niger) Art. 27 1968, and No. 71-2 of January 29, 1971, March 15,1974 Relating to the Investment Code of Niger

Senegal Law No.7 4-06 of April22, 197 4, Con- April22, French I.L.W. (Senegal) Section 21 :2C-1 0.1 cerning the Industrial Free Zone of 1974 Official Gazette Art.31 Dakar {Senegal) May 18, 197 4, No. 4356, pp. 740-745 Sri Lanka Greater Colombo Economic Commis· Jan. 31, English I.L.W. (Sri Lanka) (to be pub I ished) sion Law, No.4 of 1978 1978 Official Gazette (Sri Art.26 Lanka)

Tunisia Law No. 69-35 of June 26, 1969, Relat- June 26, Arab I.L.W. (Tunisia) Section 3:2A-1 0.1 ing to the Investment Code 1969 Official Gazette Art. 20 (Tunisia) June 27, 1969, No. 24, p. 766

Upper Volta Order No. 70-7 4 PRES. PL. TP. of Dec.31, French I.L.W. (Upper Volta) Section 49: 2A-1 0.1 December 31, 1970, Relating to the In· 1970 Official Gazette (Upper Art. 21 vestment Code of the Republic of Volta) Jan. 14, 1971, Upper Volta p.32

Zaire Law No. 69-032 of June 26, 1969, June 26, French I.L.W. (Zaire) Section 9 2A-1 0.2 Relating to the Investment Code 1969 Moniteur Congolais Art. 30 (Zaire) Nov. 1, 1969, Explanatory No.21 Statement

(,) 'I.L.W. refers to "Investment Laws of the World", rn English and French, prepared by ICSID. published by Oceana Publrcations, Dobbs Ferry, N.Y., and dealing on a country-by-country basrs wrlh laws and ..... international agreements affecting inves1ments . Annex 5

Resolutions of the Administrative Council

The following resolutions were adopted by the Administrative Council at its Eleventh Annual Meeting on September 29. 1977:

AC(11)/RES/34-APPROVAL OF THE ANNUAL REPORT The Administrative Council RESOLVES To approve the Eleventh Annual Report on the Operation of the Centre as set forth in the attachment to document AC/77/6.

AC(11)/RES/35-ADOPTION OF BUDGET FOR FISCAL YEAR 1978 The Administrative Council RESOLVES To adopt, for the period July 1, 1977, to June 30, 1978. the budget of revenues and expenditures set forth in paragraph 1 of document AC/77/2.

AC(11)/RES/36-INVITATJON TO THE REPUBLIC OF SEYCHELLES TO SIGN THE CONVENTION The Administrative Council RESOLVES To invite the Republic of Seychelles to sign the Convention on the Settlement of In­ vestment Disputes between States and Nationals of Other States as set forth in Document AC/77/4.

AC(11)/RES/37-ADMINISTRATION OF PROCEEDINGS OUTSIDE THE SCOPE OF ARTICLE 25 OF THE CONVENTION BY THE SECRETARIAT OF THE CENTRE The Administrative Council. Having noted the Draft Proposal for the Establishment of an Additional Facility set out in Doc. AC/77/1, dated May 13, 1977 and the Secretary-General's Report and Rec­ ommendations on the same subject (Doc. AC/77/5), dated September 6. 1977, Requests the Secretary-General to prepare a detailed Proposal for submission to the Council at its Twelfth Annual Meeting and, in order to secure wide acceptance of the proposal, to circulate during the year drafts to the members of the Council for the comments of their governments.

32 Annex 6

Financial Statement Expressed in United States dollars

YEAR ENDED JUNE 30, 1978

Expenditures on behalf of Centre by International Bank for Reconstruction and Development: Staff personal services...... s 82,576 Contractual services, travel and miscellaneous. 105,095 Printing. 10,613 $198,284 Less: Reimbursements by Centre from sale of publications and registration fees. (6,367) $191,917 Contribution of services to Centre by International Bank for Reconstruction (191,917) and Development...... ----

Fund balance, beginning of year. s 70,516 Advances to and receivables due Centre from parties to arbitration proceedings and International Bank for Reconstruction and Development. 56,955 Disbursements by Centre for fees and expenses for arbitration proceedings (105,810) Fund balance, end of year ...... s 21,661 Fund balance represented by cash advances and receivables from: Parties to arbitration proceedings. s 9,013 International Bank for Reconstruction and Development...... 12,648 s 21,661 Note The Memorandum of Administrative Arrangements between the Centre and the International Bank for Reconstruction and Development (the Bank) which became effective as of October 14, 1966, provides, inter alia, that, except to the extent that the Centre may be reimbursed by the parties to proceedings for fees and expenses of members of Conciliation Commissions, Arbitral Tribunals or Committees of Arbitrators, the Bank shall provide the following services and facilities to the Centre without charge: (1) The services of staff members and consultants; (2) Other administrative services and facilities, such as travel, communication facilities, office ac­ commodations, furniture, equipment. supplies and printing The reported expenditures on behalf of the Centre represent the value of the services provided by the Bank and include only those amounts identified by the Bank as being directly related to the Centre and, accordingly, do not include any indirect or overhead costs of the Bank. The Bank has not made a direct cash contribution to the Centre. The reported contribution of $191,917 is equal to the value of services provided by the Bank on behalf of the Centre, less reim­ bursements by the Centre from its sale of publications and registration fees. The Centre's expenses which are attributable to arbitration proceedings are borne by the parties in accordance with the Centre's Administrative and Financial Regulations. In accordance with these Regulations, the Secretary-General calls on the parties to make advance deposits with the Centre from time to time to defray these expenses. At June 30, 1978, there were three such arbitration pro­ ceedings for which the Centre held advance deposits from the parties involved to cover expenses, including approximately $4,978 held for one of these proceedings which was discontinued during the year and which will be refunded to the parties. In addition, there were two other proceedings for which no advance deposit had been received. Report of Independent Accountants TO INTERNATIONAL CENTRE FOR SETTLEMENT OF INVESTMENT DISPUTES WASHINGTON, D.C. In our opinion, the accompanying financial statement presents fairly the information shown therein for the International Centre for Settlement of Investment Disputes for the year ended June 30, 1978, in conformity with generally accepted accounting principles and with the Administrative Arrange­ ments between the International Bank for Reconstruction and Development and the International Centre for Settlement of Investment Disputes, as discussed in the Note to the accompanying state­ ment. Our examination of this statement was made in accordance with generally accepted auditing standards and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. 1801 K Street, NW., Washington, D.C. 20006 PRICE WATERHOUSE & CO. July 31, 1978 33 Annex 7

Publications of ICSID

ICSID 11 Provisional Regulations and Rules (Superseded by ICSIDI41 Rev.1)

ICSIDI2 Convention on the Settlement of Investment Disputes between States and Nationals of Other States, and Accompanying Report of the Executive Directors of the International Bank for Reconstruction and Development (English, French, Spanish)

ICSID13 List of Contracting States and Other Signatories of the Convention (English, French)

ICSID 141 Rev.1 Regulations and Rules (English, French)

ICSID15 Model Clauses Recording Consent to the Jurisdiction of the Interna­ tional Centre for Settlement of Investment Disputes (English, French)

ICSID 16 Model Clauses Relating to the Convention on the Settlement of In­ vestment Disputes Designed for Bilateral Investment Treaties (English, French)

ICSIDI? Publications of ICSID (English, French)

ICSID18 Contracting States and Actions Taken by Them Pursuant to the Con­ vention (English, French)

ICSID19 Provisions Relating to ICSID in International Agreements and Na­ tional Investment Laws (English, French)

ICSID 110 List of the Members of the Panels of Conciliators and Arbitrators (English, French)

34 Annex 8

Legal Bibliography Relating to the Centre

The following publication concerning the Centre, in addition to those listed in the first eleven Annual Reports. has come to the atten­ tion of the Secretariat:

Broches, A. "The International Centre for Settlement of In­ vestment Disputes"

Handbook of Institutional Arbitration in Inter­ national Trade (North-Holland, Oxford 1977)

35