Judicial Proceedings

(1) Actions may be brought against the Bank in Belize only in a court of competent jurisdiction and provided that the Bank has an office in Belize, has appointed an agent for the purpose of accepting service or notice of process, or has issued or guaranteed securities. (2) No action shall be brought against the Bank by members or persons acting for or deriving claims from members. However, member countries shall have recourse to such special procedures to settle controversies between the Bank and its members as may be prescribed in the Agreement, in the by laws and regulations of the Bank or in contracts entered into with the Bank. (3) Property and assets of the Bank shall, wheresoever located and by whomsoever held, be immune from all forms of seizure, attachment or execution before the delivery of final judgment against the Bank.