Each Contracting State shall recognize an award rendered pursuant to this Convention as binding and enforce the pecuniary obligations imposed by that award within its territories as if it were a final judgment of a court in that State. Hearings - Page 4by United States. Congress. House. Committee on Foreign Affairs - 1966Full view - About this book
| Law - 1973 - 604 pages
...The Position of the Individual in International Law, pp 81-95 (1962). 6. Article 54 provides: "(1) Each Contracting State shall recognize an award rendered...or through its federal courts and may provide that the State which had been a party to the dispute or whose national had been a party to the dispute,... | |
| Elihu Lauterpacht - Law - 1984 - 504 pages
...of the Congo on 27 December 1965, Italy on 18 November 1965, and France on 22 December 1965: ( 1 ) Each Contracting State shall recognize an award rendered...were a final judgment of a court in that State. A Contradicting State with a federal constitution may enforce such an award in or through its federal... | |
| M. Sornarajah - Law - 1986 - 374 pages
...one of its nationals is a party to the dispute, should recognize an award made by ICSID as binding as if it were a final judgment of a court in that state and should enforce it as such (Art. 54). The award is intended to have a "supranational character"... | |
| Adriaan Bos, Hugo Siblesz, T. M. C. Asser Instituut - Law - 1986 - 326 pages
...Contracting States - shall recognize an ICSID award and enforce pecuniary obligations imposed by that award as if it were a final judgment of a court in that State. The procedure for the recognition and enforcement of ICSID awards is made as simple as possible. Any... | |
| Alfred Henry Adriaan Soons - Law - 1990 - 254 pages
...Law Commission, 38th Session (1986), paragraphs 10-22). 27 Article 54 paragraph 1 reads as follows : 'Each Contracting State shall recognize an award rendered...it were a final judgment of a court in that State (...)'. enables a State party to the dispute to follow the assets of the investor in whatever contracting... | |
| Chia-Jui Cheng, Jiarui Cheng - Law - 1990 - 1004 pages
...award are pending". 229. Article 54 (1) of the IBRD Convention requires that the Contracting States "shall recognize an award rendered pursuant to this...award within its territories as if it were a final j udgement of a court in that State" . Article 42 of the European Rules appears to be similar in purpose.... | |
| William Elliott Butler - Law - 1991 - 220 pages
...awards should be described. By Article 54 of the Convention: Each Contracting State shall recognise an award rendered pursuant to this Convention as binding...it were a final judgment of a court in that State .., the protection of the law of sovereign immunity as applied in the enforcing State. 71 In practical... | |
| E. Lauterpacht, C. J. Greenwood - Law - 1992 - 728 pages
...France.4 In support of its position plaintiff emphasizes Article 54 of the Convention, which provides: Each Contracting State shall recognize an award rendered...it were a final judgment of a court in that State. The United States, as a signatory to the treaty, is such a state and the Foreign Sovereign Immunities... | |
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