{
  "url": "https://openlegislation.uk/arbitration-international-investment-disputes-act-1966/schedule/part-1",
  "json_url": "https://openlegislation.uk/arbitration-international-investment-disputes-act-1966/schedule/part-1.json",
  "legislation": "ukpga/1966/41",
  "legislation_title": "Arbitration (International Investment Disputes) Act 1966",
  "legislation_url": "https://openlegislation.uk/arbitration-international-investment-disputes-act-1966",
  "path": "schedule/part/1",
  "kind": "part",
  "number": "CONVENTION ON THE SETTLEMENT OF INVESTMENT DISPUTE",
  "heading": "Preamble",
  "text": "The Contracting States\nConsidering the need for international co-operation for economic development, and the role of private international investment therein;\nBearing in mind the possibility that from time to time disputes may arise in connection with such investment between Contracting States and nationals of other Contracting States;\nRecognizing that while such disputes would usually be subject to national legal processes, international methods of settlement may be appropriate in certain cases;\nAttaching particular importance to the availability of facilities for international conciliation or arbitration to which Contracting States and nationals of other Contracting States may submit such disputes if they so desire;\nDesiring to establish such facilities under the auspices of the International Bank for Reconstruction and Development;\nRecognizing that mutual consent by the parties to submit such disputes to conciliation or to arbitration through such facilities constitutes a binding agreement which requires in particular that due consideration be given to any recommendation of conciliators, and that any arbitral award be complied with; and\nDeclaring that no Contracting State shall by the mere fact of its ratification, acceptance or approval of this Convention and without its consent be deemed to be under any obligation to submit any particular dispute to conciliation or arbitration,\nHave agreed as follows:",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1966/41/schedule/part/1",
    "retrieved_at": "2026-10-29T10:56:19.888257+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}