Arbitration Act, 1980

Government contribution under Washington Convention and expenses.

14.—(1) The Minister for Finance may discharge any obligations of the Government arising under Article 17 of the Washington Convention (which obliges the Contracting States to meet any deficit of the International Centre for Settlement of Investment Disputes established under that Convention).

(2) Any sums required for the purposes of subsection (1) of this section and any administrative expenses incurred by the Minister for Finance as a result of acceptance by the State of the Washington Convention shall be paid out of moneys provided by the Oireachtas.