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Article 10 Overeenkomst tot instelling van het Internationaal Fonds voor Agrarische Ontwikkeling

Section 1 - Legal status

The Fund shall possess international legal personality.

Section 2 - Privileges and Immunities

(a) The Fund shall enjoy in the territory of each of its Members such privileges and immunities as are necessary for the exercise of its functions and for the fulfilment of its objective. Representatives of Members, the President and the staff of the Fund shall enjoy such privileges and immunities as are necessary for the independent exercise of their functions in connection with the Fund.

(b) The privileges and immunities referred to in paragraph (a) shall:

(i) in the territory of any Member that has acceded to the Convention on the Privileges and Immunities of the Specialized Agencies in respect of the Fund, be as defined in the standard clauses of that Convention as modified by an annex thereto approved by the Governing Council;

(ii) in the territory of any Member that has acceded to the Convention on the Privileges and Immunities of the Specialized Agencies only in respect of agencies other than the Fund, be as defined in the standard clauses of that Convention, except if such Member notifies the Depositary that such clauses shall not apply to the Fund or shall apply subject to such modifications as may be specified in the notification;

(iii) be as defined in other agreements entered into by the Fund.

(c) In respect of a Member that is a grouping of States, it shall ensure that the privileges and immunities referred to in this Article are applied in the territories of all members of the grouping.

(d) Notwithstanding Section 2(a) – (c) above, actions arising out of its authorities under Article 4, Section 7 may be brought against the Fund only in a court of competent jurisdiction in the territories of a Member where:

(i) it has appointed an agent for the purpose of accepting service or notice of process; or

(ii) the Fund has issued or guaranteed securities,

provided, however, that:

(A) no action shall be brought by Member States or persons acting for or deriving claims from Members; and

(B) the property and assets of the Fund shall, wheresoever located and by whomsoever held, be immune from all forms of seizure, attachment or execution before the delivery of final judgement against the Fund.

Regeling
Overeenkomst tot instelling van het Internationaal Fonds voor Agrarische Ontwikkeling
Soort
Verdrag
Geldend vanaf
18-02-2021
BWB-id
BWBV0003787
Versie
2021-02-18_0

In de hele regeling · Officiële tekst op wetten.overheid.nl