Signs International Arbitration (International Investment Disputes) Bill 2011
28 Apr 2011
On 28 April 2011, President of Pakistan Asif Ali Zardari signed the International Arbitration (International Investment Disputes) Bill 2011. The Government of Pakistan has already signed and ratified the international convention on settlement of investment disputes between the states and nationals of other countries and domestic legislation was a pre-requisite to benefit from the provisions of the convention. The establishment of an international centre for settlement of investment disputes under the World Bank is envisaged, as well as constitution of a conciliation commission and arbitral tribunal.
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Treatment and operation (Dispute settlement)
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