Cap. 387 Art. 76Settlement of international investment disputes.

(1) Awards delivered pursuant to the Convention on the Settlement of Investment Disputes between States and Nationals of other States, which convention was opened for signature in

Washington on the 18th March, 1965, (which convention is hereafter in this article referred to as "the Convention" and is reproduced in the Third Schedule to this Act) shall be recognised accordance with the Convention and not otherwise excluded in accordance with the same Convention.

(3) For the purposes of Article 54 of the Convention, the competent authority shall be the Centre.

(4) The Prime Minister may by order in the Gazette and notwithstanding any other law, make provision to give effect to any part of the Convention, and without prejudice to the generality of the foregoing may by such order grant such immunities and exemptions from any law as may be required by the Convention.