43. Prevention of disputes between foreign investors and State

The Economic Commission shall by itself or through its agencies, set up a Grievance Committee to which a foreign investor may refer any grievance arising from any dispute, difference, disagreement or any matter between the foreign investor and the State (relating to the foreign investment) for settlement through a consultative process.

The Grievance Committee and the authorities shall make their best efforts to resolve foreign investors’ grievances amicably and in a consultative manner.

The Grievance Committee may contact the parties in question and the competent administrative authorities to request clarifications, documents and answers to the inquiries it sees necessary, and it may draw on the diverse expertise and specializations available to the Economic Commission and to other administrative authorities.