Unified Agreement For The Investment Of Arab Capital In The Arab States

1. Compensation is made on a monetary level when it becomes impossible to return the investment to its condition before damage occurs. I An English translation of the Arab Investment Agreement is available at: . The official Arabic version is available at <arablegalnetwork. org/l nvestcou rt/uniteda ggnii/uiiitedaggrrri_li oiiic. Asp. 6 Available in Arabic under: . I Available in Arabic under: <arablegaInetwork.org/[nvestCourt/systcms/intemalsys/intemaIsys_home.asp). 8 See preamble 8. You will find a study on Arab investment law under Ferhat Horchani, Inter-Arab Investment.

Recberche on the contribution of arab multilateral conventions to the formation of regional investment law, C.E.R.P., Tunis, 1992. This book is the most detailed and carefully studied analysis of Arab investment conventions and instruments to date. 18 Horchani, supra, note 8, 89-90. See the same observation on the Islamic Investment Agreement; Moinuddin, supra, footnote 2, 143. 20 For measures in the country of origin for foreign investment, see UNCTAD, Horne Country Measures, UNCTAD Series, 2001; available at: <www.unctad.org/Templates/ Webflyer. asp?docid 567-intItemID-2322-lang-1 – #160; Downloads,. 30 Article 45. 3 See also Article 46 of the Arab Investment Agreement. It should be noted that Article 19 of the Arab League Charter provides for the creation of an Arab Court of Justice.

Over the years, many projects have been discussed. However, no final decision has yet been made on the creation of such a tribunal. A proposal for the status of 48 articles of the Arab Court (Acj) was presented to Arab leaders who met in the Sudanese capital on 28 March 2006. The Acj, considered the main judicial body of the Arab League, would consist of a body composed of nine judges who were not selected renewable for six years, by direct secret vote by the Council of the League. The proposed Acj would only be responsible for the settlement of disputes between Arab governments. Any Arab country would have the right to file a complaint with the Acj. Conflicts would be resolved in accordance with the Arab League Charter, the annexed protocols and the agreements signed within the League. However, well-informed Arab diplomats have ruled out the adoption of the Acj draft resolution, as many Member States have reservations. See Ezzeldin Foda, Tlie Projected Arab Court of Justice: A Study in Regional Jurisdiction with specific Reference to the Muslim Law of Nations, Nijhoff, Leiden 1957; Sadok Chaabane, The refimte project of the Pact of the Llgue of arab states and the project of the staous of the Arab Justice Cotir, Arab Affairs Review, March 1982, No.

2; Horchani, supra, note 8, 392 to 396; and Achouak Dachraoui, The Arab Court of Justice: Study of the draft stalllt, Master arbeitesd, Faculty of Law and Political Sciences (Tunis III), Political Sciences, 1981-1982. See also the Arab League`s website at <www.arableagueonline.org/arableague/english/details_en.jsp?art_id 1175-level_id 10-page_no-8 . "Article 28, 2 of the Arab Investment Agreement; Article 1 of the Statute of the Court of Justice. 33, Article 28 of the agreement; Article 8 of the statute. 3 bis Article 17 of the Statute. h ILO available in Arabic and English on the UNCTAD website. ; Available in Arabic on the UNCTAD website. See also Yemen-Oman ILO (Article 11); available in Arabic on the UNCTAD website. 4 ILO Bahrain-Lebanon Article 8. available in Arabic on the UNCTAD website; Article 7 of the ILO Bahrain-Jordan, in Arabic and English on the UNCTAD website; Article 6 of the JOURDAIN-Lebanon ILO, available in Arabic and English on the UNCTAD website; and Article 9 of the Jordan-Kuwait ILO, available in Arabic and English on the UNCTAD website.