(4) If the Tribunal shall not have been constituted
within 90 days after the certificate of registration of the notice for arbitration has
been dispatched by the Secretary-General, or such other period as the parties may agree,
the Chairman of the Administrative Council (hereinafter called the "Chairman")
shall, at the request of either party transmitted through the Secretary-General, appoint
the arbitrator or arbitrators not yet appointed and, unless the President shall already
have been designated or is to be designated later, designate an arbitrator to be President
of the Tribunal.
(5) Except as the parties shall otherwise agree, no
person who had previously acted as a conciliator or arbitrator in any proceeding for the
settlement of the dispute or as a member of any fact-finding committee relating thereto
may be appointed as a member of the Tribunal.
Article 7
Nationality of Arbitrators
(1) Except where the sole arbitrator or each individual
member of the Tribunal is appointed by agreement of the parties, the majority of the
arbitrators shall be nationals of States other than the State party to the dispute and the
State whose national is a party to the dispute. Accordingly, nationals of the State party
to the dispute or of the State whose national is a party to the dispute may be appointed
by a party only if appointment by the other party to the dispute of the same number of
arbitrators of either of these nationalities would not result in a majority of arbitrators
of these nationalities.
(2) Arbitrators appointed by the Chairman shall not be
nationals of the State party to the dispute or of the State whose national is a party to
the dispute.
Article 8
Delegation in Case of Investment or Contract Financed
by World Bank Group
Notwithstanding the provisions of Article 6 (4) of these
Rules, if the notice for arbitration relates to a dispute arising under any investment or
agreement financed in whole or in part by the International Bank for Reconstruction and
Development, the International Finance Corporation or the International Development
Association, the Secretary-General shall so inform the Chairman, and the Chairman shall,
when required to take any action pursuant to these Rules, select a person to whom he shall
promptly delegate all the functions, responsibilities and powers assigned to the Chairman
hereunder. The Secretary-General shall promptly inform the parties of any action taken
pursuant to this Article.
Article 9
Qualifications of Arbitrators
Arbitrators shall be persons of high moral character and
recognized competence in the fields of law, commerce, industry or finance, who may be
relied upon to exercise independent judgment.