Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
Hostname: page-component-76fb5796d-r6qrq Total loading time: 0 Render date: 2024-04-28T10:06:40.630Z Has data issue: false hasContentIssue false

Article 8 - No Remuneration for Members

from CHAPTER I - International Centre for Settlement of Investment Disputes

Published online by Cambridge University Press:  07 September 2010

Christoph H. Schreuer
With
Loretta Malintoppi ,
August Reinisch  and
Anthony Sinclair
Christoph H. Schreuer
Affiliation:
Universität Wien, Austria
Loretta Malintoppi
Affiliation:
Eversheds LLP
August Reinisch
Affiliation:
Universität Wien, Austria
Anthony Sinclair
Affiliation:
Allen & Overy LLP, London
Get access

Summary

In accordance with Art. 4(2), the members of the Administrative Council are normally the governors of the World Bank. As such they are in the service of their respective governments. In accordance with Art. 5, the Chairman is the President of the World Bank. Neither the members of the Administrative Council nor the Chairman are entitled to an additional remuneration from the Centre.

During the Convention's drafting, this provision was not cast into doubt (History, Vol. I, p. 54). At the same time it was made clear that this would not affect the reimbursement of actual expenses of the members of the Administrative Council and of the Chairman incurred in the course of service for the Centre (History, Vol. II, pp. 251, 319, 389, 481, 482, 491, 715/6). Art. 24(2) provides for tax privileges in respect of expense allowances paid by the Centre to the Chairman or members of the Administrative Council.

Type
Chapter
Information
The ICSID Convention
A Commentary
 , pp. 31
Publisher: Cambridge University Press
Print publication year: 2009

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×