*With a Foreword by Tjaco T. van den Hout, Secretary-General of the Permanent Court of Arbitration and an Introduction by V.V. Veeder Q.C.

• The Bank for International Settlements Arbitration (2002 and 2003) concerned the compensation to be paid for privately held shares recalled by the Bank for International Settlements on 8 January 2001. The issues in dispute included the lawfulness of the recall of the shares and the applicable standards for valuation of those shares, the adequacy of the amount paid by the Bank for International Settlements for the recalled shares, and the amount of compensation to be paid. The Tribunal's awards contribute greatly to existing jurisprudence on matters such as valuation of an expropriated asset, the award of interest, and the right to damages for breach of an arbitration agreement where one party seeks to bring a claim on the merits before a domestic court.

This bi-lingual edition contains the official English version ofthe awards rendered in the Bank for International Settlements Arbitration , together with the Tribunal's French translation of the awards. A stimulating and lively introduction is provided by V.V. Veeder Q.C., who appraises the contribution of the awards to international law.

Autorentext
The century-old Permanent Court of Arbitration (PCA), an independent intergovernmental organization, was established by the Convention for the Pacific Settlement of International Disputes, concluded at The Hague in 1899 during the first Hague Peace Conference. There are currently 106 Member States which are parties to one or both of the Conventions.

Inhalt
The Bank for International Settlements Arbitration.- The Bank for International Settlements Arbitration.- Partial Award on the Lawfulness of the Recall of the Privately Held Shares on 8 January 2001 and the Applicable Standards for Valuation of Those Shares.- Introduction.- Procedural History.- The Parties And Their Claims.- Question 1 Of Procedural Order No. 3.- Question 2 Of Procedural Order No. 3.- Other Matters.- Decisions.- Final Award on the Claims for Compensation for the Shares Formerly Held by the Claimants, Interest Due Thereon and Costs of the Arbitration and on the Counterclaim of the Bank Against First Eagle Sogen Funds, Inc..- Introduction.- Procedural History.- The Parties' Claims.- The Award.- Decisions.- L'Arbitrage Relatif A La Banque Des RÈGlements Internationaux.- L'Arbitrage Relatif A La Banque Des RÈGlements Internationaux.- Sentence partielle concernant la licéité de la reprise des actions détenues par des personnes privées decidée le 8 janvier 2001 et les normes applicables pour l'évaluation desdites actions.- Historique De La ProcÉDure.- Les Parties Et Leurs Demandes.- PremiÈRe Question De L'Ordonnance De ProcÉDure No 3.- DeuxiÈMe Question De L'Ordonnance De ProcÉDure No 3.- Autres Questions.- DÉCisions.- Sentence definitive concernant des demandes d'indemnisation pour les actions anciennement détenues par les demandeurs, les interêts dus en conséquence et les frais d'arbitrage et concernant la demande reconventionnelle formée par la banque contre First Eagle Sogen Funds, Inc..- Introduction.- Historique De La Proc NÉDure.- Les Parties Et Leurs Demandes.- La Sentence.- Decisions.