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Oic Investment Agreement

Under Article 14 of the OIC Investment Agreement, “the investor receives treatment that the host state may give to its domestic investors or other national administrations with respect to compensation for damages resulting from international hostilities committed by an international institution or civil unrest or acts of general violence on the material assets of investments.” In accordance with Article 17, paragraph 1, of the OIC Investment Agreement, the parties to the dispute may agree to resolve their dispute through mediation. If, after conciliation, the parties to the dispute do not reach an agreement or agree to a conciliation, they can initiate arbitration proceedings. The IIA browser is constantly adapted by reviewing and commenting from UN member states. It is based mainly on information provided by governments on a voluntary basis. A contract is entered into a country`s IGE census after its formal conclusion; Contracts that have been negotiated but have not been signed are not counted. A contract is excluded from the IGE census as soon as its termination comes into force, whether or not it may continue to have legal effects on certain investments during its “survival” period (“sunset”). If the contract is replaced, only one of the contracts between the same parties is accounted for. Depending on the situation, the contract counted may be “old” if it remains in force until the newly concluded AI is ratified. While every effort is made to ensure the accuracy and completeness of the content, UNCTAD assumes no responsibility for errors or omissions in this data. The information and texts contained in the database have a purely informative purpose and have no official or legal status.

If there is any doubt about the contents of the database, it is recommended that you contact the relevant ministry or states concerned. Users are encouraged to report agreements, errors or omissions via the online contact form. [9] AI investigation: “Four previously confidential claims under the OIC Investment Agreement are revealed as the controversy over the use of the contract in arbitration proceedings continues,” dated May 16, 2019. Keywords – The mapping structure displayed in the “Select Assigned Contract Elements” tab is a “summary” containing all elements of the contract. It corresponds to the typical structure of an AI. – The elements of the illustrated contract are elements of an investment contract mapped as part of the IIA mapping project.