594. International investment disputes.

Facilities have been provided by the Arbitration (International Investment Disputes) Act 1966 pursuant to the Convention on the Settlement of Investment Disputes (1965)1 for submission to conciliation2 or arbitration3 of disputes relating to international investment. These facilities are open only to contracting states and their nationals4. The Act applies the Convention to England5 and, with certain exceptions, adaptations and modifications, to Scotland6