On March 18, 1965, the Executive Directors of the International Bank for Reconstruction and Development approved the submission, to member governments of the Bank, of the text of a Convention on the Settlement of Investment Disputes between States and Nationals of Other States. The text of the Convention was “submitted to member governments for consideration with a view to signature and ratification.”1 The Convention was to provide procedures for the settlement by conciliation or arbitration of investment disputes between States and foreign investors. Also to be...
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