CHAPTER 40:01
INVESTMENT DISPUTES (ENFORCEMENT OF AWARDS)

ARRANGEMENT OF SECTIONS

   SECTION

   1.   Short title

   2.   Interpretation

   3.   Binding effect of Award

   4.   Application for registration

   5.   Effect of registration

   6.   Rules

   7.   Act binding on the Government

46 of 1966

An Act to make provision for the enforcement in Malawi of Awards of the Tribunal of the International Centre for Settlement of Investment Disputes and for purposes connected therewith and incidental thereto

[10TH JANUARY 1967]

1.   Short title

    This Act may be cited as the Investment Disputes (Enforcement of Awards) Act.

2.   Interpretation

   In this Act unless the context otherwise requires—

   “Award” means an Award made in accordance with the Convention;

   “Convention” means the Convention on the Settlement of Investment Disputes between States and Nationals of Other States dated 18th March, 1965;

   “Investment Dispute” means a legal dispute arising directly out of an investment which is within the scope of the Convention;

   “party” means a person who has had an Investment Dispute which has resulted in an Award;

   “Secretary General” means the Secretary General of the International Centre for Settlement of Investment Disputes established under the Convention.

3.   Binding effect of Award

   Every Award shall be binding on the parties.

4.   Application for registration

   (1) Where an Award has been obtained, a party may apply to the High Court for registration of the Award at any time within six years after the date of the Award, or within such longer period as the High Court may in its discretion allow.

This section of the article is only available for our subscribers. Please click here to subscribe to a subscription plan to view this part of the article.