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The Unique Legal Status of the Bank for International Settlements Comes into Focus

Published online by Cambridge University Press:  17 March 2004

DAVID J. BEDERMAN
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Abstract

The Bank for International Settlements (BIS), created in 1930 to handle German reparations from the First World War, has enjoyed a unique international legal position. This status was questioned when the Bank, in 2001, recalled its shares held by private parties. The resulting arbitral award settled the BIS's sui generis legal status, as well as making some important rulings about the application of state responsibility rules to international institutions in cases of expropriation. Additionally, the award provided needed insight as to the use of various methods of valuation of corporate assets in shareholder claims.

Keywords

Bank for International Settlementsinternational institutionsinternational legal personalitystate responsibilitystock valuation
Type
CURRENT LEGAL DEVELOPMENTS
Information
Leiden Journal of International Law , Volume 16 , Issue 4 , December 2003 , pp. 787 - 794
Copyright
© 2003 Foundation of the Leiden Journal of International Law

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