Art. VIII Interpretation and Arbitration

  1. Any question of interpretation of the provisions of this Agreement arising between any member and the Agency or between any members of the Agency shall be submitted to the Executive Board for its decision. If the question particularly affects any member not entitled to appoint an executive director, it shall be entitled to representation in accordance with Article IV, Section 4 (g).

  2. In any case where the Executive Board has given a decision under (a) above, any member may require, within three months from the date of the decision, that the question be referred to the Board of Governors, whose decision shall be final. Pending the result of the reference to the Board of Governors the Agency may, so far as it deems necessary, act on the basis of the decision of the Executive Board.

  3. Whenever a disagreement arises between the Agency and a member which has withdrawn, or between the Agency and any member during liquidation of the Agency, such disagreement shall be submitted to arbitration by a tribunal of three (3) arbitrators, one (1) appointed by the Agency, another by the member or withdrawing member, and an umpire who, unless the parties otherwise agree, shall be approved by the Board of Governors The umpire shall have full power to settle all questions of procedure in any case where the parties are in disagreement with respect thereto.

  4. Disputes between the Agency and any party with which the Agency has entered into an agreement (other than a member of the Agency), shall be resolved in accordance with the terms of said agreement. The Agency shall strive to ensure that the relevant documents include a provision referring any disputes to the International Court of Arbitration in Switzerland (ICC) or to similar arbitration tribunals in the territory of its members.

Last Updated:

September 11, 2025

Sep 11, 2025

© IIA All Rights Reserved 2025

© IIA All Rights Reserved 2025

© IIA All Rights Reserved 2025