ARTICLE 24
THE ROLE OF THE SECRETARIAT
The Secretariat shall ensure close collaboration with State Parties and all
relevant institutions on investment and other related matters in the Region.
ARTICLE 25
RELATIONSHIP WITH OTHER ORGANISATIONS
State Parties shall pursue and promote policies that will increase cooperation
with other regional and international organisations on issues relating to
investment.
ARTICLE 26
BILATERAL INVESTMENT TREATIES
State Parties may conclude bilateral investment treaties with third States.
ARTICLE 27
ACCESS TO COURTS AND TRIBUNALS
State Parties shall ensure that investors have the right of access to the courts,
judicial and administrative tribunals, and other authorities competent under the
laws of the Host State for redress of their grievances in relation to any matter
concerning any investment including judicial review of measures relating to
expropriation or nationalization and determination of compensation in the
event of expropriation or nationalisation
ARTICLE 28
SETTLEMENT OF INVESTMENT DISPUTES
1.
Disputes between an investor and a State Party concerning an
obligation of the latter in relation to an admitted investment of the
former, which have not been amicably settled, and after exhausting
local remedies shall, after a period of six (6) months from written
notification of a claim, be submitted to international arbitration if either
party to the dispute so wishes.
2.
Where the dispute is referred to international arbitration, the investor
and the State Party concerned in the dispute may agree to refer the
dispute either to:
(a)
The SADC Tribunal;
(b)
The International Centre for the Settlement of Investment
Disputes (having regard to the provisions, where applicable, of
the ICSID Convention and the Additional Facility for the
Administration of Conciliation, Arbitration and Fact-Finding
Proceedings); or
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