8
Certain provisions of Convention to have force of law
Act: Arbitration (International Investment Disputes) Act 2011
Section Provisions
ACT IX OF 2011 ACT IX OF 2011 ARBITRATION (INTERNATIONAL INVESTMENT DISPUTES) ACT, 2011 An Act to implement the International Convention on the Settlement of Investment Disputes between States and Nationals of other States [Gazette of Pakistan, Extraordinary, Part - I, 30th April, 2011] No. F.9(34)/2010-Legis. dated 30-4-2011.---The following Act of Majlis-e-Shoora (Parliament) received the assent of the President on 28th April, 2011, is hereby phblished for general information:-- Whereas Pakistan has signed and ratified the International Convention on the Settlement of Investment Disputes between States and Nationals of other States; And whereas it is expedient to enact the law for that purpose. It is hereby enacted as follows:- 8. Certain provisions of Convention to have force of law.---(1) Notwithstanding anything to the contrary in any law, the provisions of Articles 18, 19, 20, 21(a) and 22 of Convention as it applies to Articles 21(a), 23(1) and 24 shall have the force of law. (2) Nothing in Article 24(1) of the Convention shall be construed as (a) entitling the Centre to import into Pakistan goods free of any customs duty without restriction on their subsequent sale therein; (b) conferring on the Centre any exemption from taxes or duties which form part of the price of goods sold; or (c) conferring on the Centre any exemption from taxes or duties rendered. (3) For the purposes of Articles 20 and Article 21(a) of the Convention as given the force of law by this section, a statement to the effect that the Centre has waived an immunity in the circumstances specified in the statement, being a statement certified by the Secretary-General of the Centre, or by the person acting as Secretary-General, shall be conclusive evidence of such waiver.