Status, Immunities and Privileges. 1. The Council, its members and personnel in their official capacity and when engaged directly in the affairs of the Council, its property and its assets, wherever located and by whomsoever held, shall enjoy the same immunity from suit and every form of judicial process as is enjoyed by the Parties, except to the extent that the Council may expressly waive its immunity for the purposes of any proceedings or by the terms of any contract.
2. The property and assets of the Council, wherever located and by whomsoever held, shall be considered public property and shall be immune from search, requisition, confiscation, expropriation or any other form of taking or foreclosure by executive or legislative action.
3. The Council, its property and its assets, income and the operations it carries out pursuant to this Compact shall be immune from all taxation by or under the authority of any of the Parties or any political subdivision thereof; provided, however, that in lieu of property taxes the Council may make reasonable payments to local taxing districts in annual amounts which shall approximate the taxes lawfully assessed upon similar property.
Status, Immunities and Privileges. SECTION 1. PURPOSES OF ARTICLE To enable the Bank to fulfill the functions with which it is entrusted, the status, immunities and privileges set forth in this Article shall be accorded to the Bank in the territories of each member.
SECTION 2. STATUS OF THE BANK The Bank shall possess full juridical personality, and, in particular, the capacity:
(i) to contract;
(ii) to acquire and dispose of immovable and movable property;
(iii) to institute legal proceedings.
SECTION 3. POSITION OF THE BANK WITH REGARD TO JUDICIAL PROCESS Actions may be brought against the Bank only in a court of competent jurisdiction in the territories of a member in which the Bank has an office, has appointed an agent for the purpose of accepting service or notice of process, or has issued or guaranteed securities. No actions shall, however, be brought by members or persons acting for or deriving claims from members. The property and assets of the Bank shall, wheresoever located and by whomsoever held, be immune from all forms of seizure, attachment or execution before the delivery of final judgment against the Bank.
SECTION 4. IMMUNITY OF ASSETS FROM SEIZURE Property and assets of the Bank, wherever located and by whomsoever held, shall be immune from search, requisition, confiscation, expropriation or any other form of seizure by executive or legislative action.
SECTION 5. IMMUNITY OF ARCHIVES The archives of the Bank shall be inviolable.
Status, Immunities and Privileges. 11 Article VII Amendments 13 Article VIII Interpretation and Arbitration 13 Article IX Final Provision 14 Schedule A Subscriptions to Capital Stock of the International Finance Corporation 15
Status, Immunities and Privileges. OHADA shall have full international legal personality. In particular, it shall have the capacity:
Status, Immunities and Privileges. 1. The Council, its members and personnel in their official capacity and when engaged directly in the affairs of the Council, its property and its assets, wherever located and by whomsoever held, shall enjoy the same immunity from suit and every form of judicial process as is enjoyed by the Parties, except to the extent that the Council may expressly waive its immunity for the purposes of any proceedings or by the terms of any contract.
Status, Immunities and Privileges. Status of the Fund- The Fund shall possess full juridical personality, and in particular, the capacity-
Status, Immunities and Privileges. SECTION 1. Purposes of the Article • SECTION 2. Status of the Bank • SECTION 3. Position of the Bank with Regard to Judicial Process • SECTION 4. Immunity of Assets from Seizure • SECTION 5. Immunity of Archives • SECTION 6. Freedom of Assets from Restrictions • SECTION 7. Privilege for Communications • SECTION 8. Immunities and Privileges of Officers and Employees • SECTION 9. Immunities from Taxation • SECTION 10. Application of Article
Status, Immunities and Privileges. Status of the Bank
Status, Immunities and Privileges. Status of the Bank— The Bank shall possess full juridical personality and, in particular, the capacity—
Status, Immunities and Privileges
