Art. 20 Overeenkomst tussen het Koninkrijk der Nederlanden en het Gemeenschappelijk Fonds voor Grondstoffen betreffende de zetel van het Fonds

1. The privileges and immunities provided for in this Agreement are conferred in the interests of the Fund and not for the personal benefit of the individuals themselves. It is the duty of the Fund and all persons enjoying such privileges and immunities to observe in all others respects the laws and regulations of the Netherlands. 2. The privileges and immunities provided for in this Agreement are granted on the understanding that the Fund or Members, as appropriate, have the duty to waive the immunity of the persons concerned whenever they consider that the immunity would impede the course of justice, and where it could be waived without prejudice to the purpose for which the immunity is accorded. 3. The Fund shall cooperate at all times with the appropriate authorities to facilitate the proper administration of justice and prevent the occurrence of any abuse in connection with the privileges and immunities in this Agreement. 4. This Agreement shall be construed in the light of its primary purpose of enabling the Fund to discharge its functions fully and efficiently. 5. The Fund shall make provision for appropriate modes of settlement of disputes of a private law character arising out of contracts or other transactions to which the Fund is a party and in respect of which the Fund is immune from juridical proceedings under Article 4 of this Agreement. The Fund shall also make provision for appropriate modes of settlement of disputes involving a member of the staff of the Fund who, by reason of his or her official position, enjoys immunity, if such immunity has not been waived.

General provisions

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