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22 USC CHAPTER 21A - SETTLEMENT OF INVESTMENT DISPUTES 01/06/03

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TITLE 22 - FOREIGN RELATIONS AND INTERCOURSE

CHAPTER 21A - SETTLEMENT OF INVESTMENT DISPUTES

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CHAPTER 21A - SETTLEMENT OF INVESTMENT DISPUTES

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Sec.

1650. Appointments of representatives and panel members

under Convention on the Settlement of Investment

Disputes.

1650a. Arbitration awards under the Convention.

(a) Treaty rights; enforcement; full faith and

credit; nonapplication of Federal Arbitration

Act.

(b) Jurisdiction; amount in controversy.

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22 USC Sec. 1650 01/06/03

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TITLE 22 - FOREIGN RELATIONS AND INTERCOURSE

CHAPTER 21A - SETTLEMENT OF INVESTMENT DISPUTES

-HEAD-

Sec. 1650. Appointments of representatives and panel members under

Convention on the Settlement of Investment Disputes

-STATUTE-

The President may make such appointments of representatives and

panel members as may be provided for under the convention.

-SOURCE-

(Pub. L. 89-532, Sec. 2, Aug. 11, 1966, 80 Stat. 344.)

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REFERENCES IN TEXT

The convention, referred to in text, is the Convention on the

Settlement of Investment Disputes Between States and Nationals of

Other States which was signed on Aug. 27, 1965, approved by the

Senate on May 16, 1966, and ratified by the President on June 1,

1966.

-MISC1-

SHORT TITLE

Section 1 of Pub. L. 89-532 provided: "That this Act [enacting

this chapter] may be cited as the 'Convention on the Settlement of

Investment Disputes Act of 1966'."

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22 USC Sec. 1650a 01/06/03

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TITLE 22 - FOREIGN RELATIONS AND INTERCOURSE

CHAPTER 21A - SETTLEMENT OF INVESTMENT DISPUTES

-HEAD-

Sec. 1650a. Arbitration awards under the Convention

-STATUTE-

(a) Treaty rights; enforcement; full faith and credit;

nonapplication of Federal Arbitration Act

An award of an arbitral tribunal rendered pursuant to chapter IV

of the convention shall create a right arising under a treaty of

the United States. The pecuniary obligations imposed by such an

award shall be enforced and shall be given the same full faith and

credit as if the award were a final judgment of a court of general

jurisdiction of one of the several States. The Federal Arbitration

Act (9 U.S.C. 1 et seq.) shall not apply to enforcement of awards

rendered pursuant to the convention.

(b) Jurisdiction; amount in controversy

The district courts of the United States (including the courts

enumerated in section 460 of title 28) shall have exclusive

jurisdiction over actions and proceedings under subsection (a) of

this section, regardless of the amount in controversy.

-SOURCE-

(Pub. L. 89-532, Sec. 3, Aug. 11, 1966, 80 Stat. 344.)

-REFTEXT-

REFERENCES IN TEXT

Chapter IV of the convention, referred to in subsec. (a),

contains the Arbitration provisions of the Convention on the

Settlement of Investment Disputes Between States and Nationals of

Other States, providing in Section 1 (Art. 36) for Request for

Arbitration, Section 2 (Arts. 37 to 40) for Constitution of the

Tribunal, Section 3 (Arts. 41 to 47) for powers and functions of

the tribunal, Section 4 (Arts. 48, 49) for The Award, Section 5

(Arts. 50 to 52) for interpretation, revision and annulment of the

award, and Section 6 (Arts. 53 to 55) for recognition and

enforcement of the award.

The Federal Arbitration Act, referred to in subsec. (a), is

classified generally to Title 9, Arbitration.

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