asked the Minister for External Affairs what is the attitude of the Government with regard to Recommendation No. 483 on the Convention of the International Bank for Reconstruction and Development on the Settlement of Investment Disputes between States and Nationals of other States which was adopted by the Consultative Assembly of the Council of Europe on 26th January, 1967; and if he will instruct his permanent Representative in the Committee of Ministers of the Council of Europe to vote in favour of the proposals contained in this recommendation.
Written Answers. - Settlement of Investment Disputes.
157.
Ireland signed the Convention of the International Bank for Reconstruction and Development on the Settlement of Investment Disputes between States and Nationals of other States on 30th August, 1966. The implementation of some provisions of the Convention will require the enactment of new legislation before the Government are in a position to ratify it. It is proposed to introduce such legislation in due course and, consequently, when Recommendation No. 483 is next considered by the Committee of Ministers' Deputies, the Permanent Representative will be instructed to vote in favour of the proposals contained therein.