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 Iceland Arbitration

Iceland is a Contracting State to the ICSID Convention:

• Signature: 25 July 1966
• Deposit of Ratification: 25 July 1966
• Entry into Force: 14 October 1966
• Pursuant to Article 54(2) of the ICSID Convention, Iceland has designated “Bailiff (fogeti) of the District concerned” as competent for the recognition and enforcement of ICSID awards.
• Pursuant to Article 69 of the ICSID Convention, Iceland enacted Law authorizing the Government to become a party to an International Convention on the Settlement of Investment Disputes Between States and Nationals of Other States (Off. Gaz. A, 74, 1966) to make the Convention effective in their jurisdiction.
• Pursuant to Article 13(1) of the ICSID Convention Iceland has made the following panel designations effective until 4 April 2010:
  - Mr. Guđmundur EIRIKSSON: Former Judge, International Tribunal for the Law of the Sea
  - Mr. Tómas H. HEIDAR: Director – Office of the Legal Adviser, Ministry of Foreign Affairs
  - Mr. Eiríkur TOMASSON: Professor of Law, University of Iceland

Iceland is a Contracting State to the New York Convention:

• Date of Accession: 24 January 2002
• Entry into Force: 24 April 2002

Iceland is a Contracting State to both the 1899 & 1907 Convention for the Pacific Settlement of International Disputes:

• 1899 Entry into Force: 8 December 1955
• 1907 Entry into Force: 8 December 1955

Iceland is a United Nations Member State:

• Date of Admission: 19 November 1946

Official State Name: Iceland - Ísland

Official Languages: Icelandic, Icelandic sign language

Capital: Reykjavík

Currency: Icelandic króna (ISK)

Time Zone: GMT (UTC+0)

International Calling Code: +354

Internet TLD: .is

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