Financial Provisions (Covid-19) Act 2020
Provision with respect to Third Protocol to General Agreement on Privileges and Immunities of the Council of Europe | ||
11. (1) In this section— | ||
“Act of 2004” means the Council of Europe Development Bank Act 2004 ; | ||
“arbitral tribunal” means an arbitral tribunal established in accordance with the Loan Regulations of the Council of Europe Development Bank; | ||
“Third Protocol” means the Third Protocol (which is set out in Schedule 2 to the Act of 2004) to the General Agreement on Privileges and Immunities of the Council of Europe done at Paris on 2 September 1949. | ||
(2) For the avoidance of doubt, an award of an arbitral tribunal shall be enforceable in a court of competent jurisdiction in the State in accordance with Article 3 of the Third Protocol and accordingly, no check shall be required for such enforcement, other than verification that— | ||
(a) the award is authentic, | ||
(b) the award conforms to the rules concerning competence and procedure set forth in the Loan Regulations, mentioned in that Article 3, of the Council of Europe Development Bank, and | ||
(c) the award does not conflict with a final judgement passed in the country concerned. |