David Leadbetter highlights the dangers of litigation with international organisations
An international organisation (IO) is a supranational entity established by a treaty made between its member countries. Articles of agreement are also entered into by those countries that set out the IO's objectives, powers and functions. As part of their operations IOs commonly enter into contracts with corporations and individuals. Whether or not they are actually subject to the law of any particular country is a more complex question.
Well known examples of international organisations include:
● the European Bank for Reconstruction and Development;
● the International Monetary Fund;
● the World Health Organization; and
● the European Space Agency.
A number of IOs are development banks, funding improvement projects in member countries. Holding large amounts of capital, they are also involved in more everyday investment banking activity. In the current climate, these organisations are likely to find themselves exposed to disputes. If contemplating a claim against an IO in the English courts, the following questions will need to be answered as early as possible.
Is the IO
