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The World Bank Group, BIS and IMF are exempt from any kind of financial regulation and judicial proceedings.

The following information is excerpts from legislation pertaining to:

Bank for International Settlements.
World Bank Group.
International Monetary Fund.

1. Bank for International Settlements

The Bank for International Settlements (BIS) opened for business on 17 May 1930 in Basel, Switzerland, where it still has its headquarters today. The BIS was founded by J.P. Morgan & Co and six privately owned central banks (p.445). Since its founding, the BIS has established two representative offices: in the Hong Kong Special Administrative Region (1998) and in Mexico City (2002). The BIS was created at the Hague Conference that dealt with the issue of German war reparation payments arising from the 1919 Treaty of Versailles.

Constituent Charter of the Bank for International Settlements (of 20th January 1930)

The Bank, its property and assets and all deposits and other funds entrusted to it shall be immune in time of peace and in time of war from any measure such as expropriation, requisition, seizure, confiscation, prohibition or restriction of gold or currency export or import, and any other similar measures.

Agreement between the Swiss Federal Council and the Bank for International Settlements to determin the Bank’s legal status in Switzerland (of 10 February 1987; text as amended effective 1 January 2003 by the exchange of letters of 18 December 2002/13 January 2003)

I. Status, privileges and immunities of the Bank.

Article 3. Inviolability

The buildings or parts of buildings and surrounding land which, whoever may be the owner thereof, are used for the purposes of the Bank shall be inviolable. No agent of the Swiss public authorities may enter therein without the express consent of the Bank. Only the President, the General Manager of the Bank, or their duly authorised representative shall be competent to waive such inviolability.
The archives of the Bank and, in general, all documents and any data media belonging to the Bank or in its possession, shall be inviolable at all times and in all places.
The Bank shall exercise supervision of and police power over its premises.

Article 4. Immunity from jurisdiction and execution

The Bank shall enjoy immunity from criminal and administrative jurisdiction, save to the extent that such immunity is formally waived in individual cases by the President, the General Manager of the Bank, or their duly authorised representative.
Disputes arising in matters of employment relations between the Bank and its Officials or former Officials, or persons claiming through them, shall be settled by the Administrative Tribunal of the Bank. The Board of Directors of the Bank shall determine the constitution of the Administrative Tribunal, which shall have exclusive and final jurisdiction. Matters of employment relations shall be deemed to include all questions relating to the interpretation or application of contracts between the Bank and its Officials concerning their employment, of the regulations to which the said contracts refer, and in particular of the provisions governing the Bank's pension scheme and other welfare arrangements provided by the Bank.
In all other civil and commercial matters the Bank may be proceeded against in any court of competent jurisdiction, save in those cases in which provision for arbitration has been or shall have been made.
The assets of the Bank may be subject to measures of compulsory execution for enforcing monetary claims. On the other hand, all deposits entrusted to the Bank, all claims against the Bank and the shares issued by the Bank shall, without the prior agreement of the Bank, be immune from seizure or other measures of compulsory execution and sequestration, particularly of attachment within the meaning of Swiss law.

Article 14. Privileges and immunities granted to all Officials

The Officials of the Bank, whatever their nationality, shall (a) enjoy immunity from jurisdiction for acts accomplished in the discharge of their duties, including words spoken and writings, even after such persons have ceased to be Officials of the Bank

Statutes of the Bank for International Settlements (of 20 January 1930: text as amended on 27 June 2005)

Article 22

Any of the operations which the Bank is authorised to carry out with central banks under the preceding Article [21] may be carried out with banks, bankers, corporations or individuals of any country provided that the central bank of that country does not object.

Article 55

(1) The Bank shall enjoy immunity from jurisdiction, save:

(a) to the extent that such immunity is formally waived in individual cases by the Chairman of the Board, the General Manager, the Deputy General Manager, or their duly authorised representatives; or (b) in civil or commercial suits, arising from banking or financial transactions, initiated by contractual counterparties of the Bank, except in those cases in which provision for arbitration has been or shall have been made.

(2) Property and assets of the Bank shall, wherever located and by whomsoever held, be immune from any measure of execution (including seizure, attachment, freeze or any other measure of execution, enforcement or sequestration), except if that measure of execution is sought pursuant to a final judgment rendered against the Bank by any court of competent jurisdiction pursuant to sub-paragraph 1(a) or (b) above.

(3) All deposits entrusted to the Bank, all claims against the Bank and the shares issued by the Bank shall, without the express prior agreement of the Bank, wherever located and by whomsoever held, be immune from any measure of execution (including seizure attachment, freeze or any other measure of execution, enforcement or sequestration).

Host Country Agreement of 11 May 1998: Representative Office of the Bank for International Settlements in the Hong Kong Special Administrative Region of the People’s Republic of China.

Article 3: 5

The Bank shall not be subject to any form of financial or banking supervision or obliged to implement any form of accounting standard, or to comply with any form of licensing or registration requirement.

Host Country Agreement of 5 November 2001: Representative Office of the Bank for International Settlements in Mexico.

Article 6.

2. World Bank Group

Since inception at the Bretton Woods Conference, USA, in 1944, the World Bank has expanded from a single institution to a closely associated group of five development institutions.

Articles of Agreement of the International Bank for Reconstruction and Development (As amended effective February 16, 1989)

Article VII.

SECTION 4. Immunity of Assets from Seizure

Property and assets of the Bank, wherever located and by whomsoever held, shall be immune from search, requisition, confiscation, expropriation or any other form of seizure by executive or legislative action.

SECTION 6. Freedom of Assets from Restrictions

To the extent necessary to carry out the operations provided for in this Agreement and subject to the provisions of this Agreement, all property and assets of the Bank shall be free from restrictions, regulations, controls and moratoria of any nature.

SECTION 8. Immunities and Privileges of Officers and Employees

All governors, executive directors, alternates, officers and employees of the Bank (i) shall be immune from legal process with respect to acts performed by them in their official capacity except when the Bank waives this immunity; (ii) not being local nationals, shall be accorded the same immunities from immigration restrictions, alien registration requirements and national service obligations and the same facilities as regards exchange restrictions as are accorded by members to the representatives, officials, and employees of comparable rank of other members; (iii) shall be granted the same treatment in respect of travelling facilities as is accorded by members to representatives, officials and employees of comparable rank of other members.

SECTION 10. Application of Article

Each member shall take such action as is necessary in its own territories for the purpose of making effective in terms of its own law the principles set forth in this Article and shall inform the Bank of the detailed action which it has taken.

International Monetary Fund

The International Monetary Fund (IMF) was conceived at the Bretton Woods Conference, USA, in July 1944 and currently has 188 member countries.

Articles of Agreement of the International Monetary Fund

Article IX: Status, Immunities, and Privileges

Section 3. Immunity from judicial process

The Fund, its property and its assets, wherever located and by whomsoever held, shall enjoy immunity from every form of judicial process except to the extent that it expressly waives its immunity for the purpose of any proceedings or by the terms of any contract.

Section 4. Immunity from other action

Property and assets of the Fund, wherever located and by whomsoever held, shall be immune from search, requisition, confiscation, expropriation, or any other form of seizure by executive or legislative action.

Section 5. Immunity of archives

The archives of the Fund shall be inviolable.

Section 6. Freedom of assets from restrictions

To the extent necessary to carry out the activities provided for in this Agreement, all property and assets of the Fund shall be free from restrictions, regulations, controls, and moratoria of any nature.

Section 8. Immunities and privileges of officers and employees

All Governors, Executive Directors, Alternates, members of committees, representatives appointed under Article XII, Section 3(j), advisors of any of the foregoing persons, officers, and employees of the Fund: (i) shall be immune from legal process with respect to acts performed by them in their official capacity except when the Fund waives this immunity.

**The World Bank Group, BIS and IMF are exempt from any kind of financial regulation and judicial proceedings.** The following information is excerpts from legislation pertaining to: 1. Bank for International Settlements. 2. World Bank Group. 3. International Monetary Fund. # 1. Bank for International Settlements The Bank for International Settlements (BIS) opened for business on 17 May 1930 in Basel, Switzerland, where it still has its headquarters today. The BIS was founded by J.P. Morgan & Co and six privately owned central banks (p.445). Since its founding, the BIS has established two representative offices: in the Hong Kong Special Administrative Region (1998) and in Mexico City (2002). The BIS was created at the Hague Conference that dealt with the issue of German war reparation payments arising from the 1919 Treaty of Versailles. Constituent Charter of the Bank for International Settlements (of 20th January 1930) 10. The Bank, its property and assets and all deposits and other funds entrusted to it shall be immune in time of peace and in time of war from any measure such as expropriation, requisition, seizure, confiscation, prohibition or restriction of gold or currency export or import, and any other similar measures. Agreement between the Swiss Federal Council and the Bank for International Settlements to determin the Bank’s legal status in Switzerland (of 10 February 1987; text as amended effective 1 January 2003 by the exchange of letters of 18 December 2002/13 January 2003) **I. Status, privileges and immunities of the Bank.** Article 3. Inviolability 1. The buildings or parts of buildings and surrounding land which, whoever may be the owner thereof, are used for the purposes of the Bank shall be inviolable. No agent of the Swiss public authorities may enter therein without the express consent of the Bank. Only the President, the General Manager of the Bank, or their duly authorised representative shall be competent to waive such inviolability. 2. The archives of the Bank and, in general, all documents and any data media belonging to the Bank or in its possession, shall be inviolable at all times and in all places. 3. The Bank shall exercise supervision of and police power over its premises. **Article 4. Immunity from jurisdiction and execution** 1. The Bank shall enjoy immunity from criminal and administrative jurisdiction, save to the extent that such immunity is formally waived in individual cases by the President, the General Manager of the Bank, or their duly authorised representative. 2. Disputes arising in matters of employment relations between the Bank and its Officials or former Officials, or persons claiming through them, shall be settled by the Administrative Tribunal of the Bank. The Board of Directors of the Bank shall determine the constitution of the Administrative Tribunal, which shall have exclusive and final jurisdiction. Matters of employment relations shall be deemed to include all questions relating to the interpretation or application of contracts between the Bank and its Officials concerning their employment, of the regulations to which the said contracts refer, and in particular of the provisions governing the Bank's pension scheme and other welfare arrangements provided by the Bank. 3. In all other civil and commercial matters the Bank may be proceeded against in any court of competent jurisdiction, save in those cases in which provision for arbitration has been or shall have been made. 4. The assets of the Bank may be subject to measures of compulsory execution for enforcing monetary claims. On the other hand, all deposits entrusted to the Bank, all claims against the Bank and the shares issued by the Bank shall, without the prior agreement of the Bank, be immune from seizure or other measures of compulsory execution and sequestration, particularly of attachment within the meaning of Swiss law. Article 14. Privileges and immunities granted to all Officials The Officials of the Bank, whatever their nationality, shall (a) enjoy immunity from jurisdiction for acts accomplished in the discharge of their duties, including words spoken and writings, even after such persons have ceased to be Officials of the Bank # Statutes of the Bank for International Settlements (of 20 January 1930: text as amended on 27 June 2005) **Article 22** Any of the operations which the Bank is authorised to carry out with central banks under the preceding Article [21] may be carried out with banks, bankers, corporations or individuals of any country provided that the central bank of that country does not object. **Article 55** (1) The Bank shall enjoy immunity from jurisdiction, save: (a) to the extent that such immunity is formally waived in individual cases by the Chairman of the Board, the General Manager, the Deputy General Manager, or their duly authorised representatives; or (b) in civil or commercial suits, arising from banking or financial transactions, initiated by contractual counterparties of the Bank, except in those cases in which provision for arbitration has been or shall have been made. (2) Property and assets of the Bank shall, wherever located and by whomsoever held, be immune from any measure of execution (including seizure, attachment, freeze or any other measure of execution, enforcement or sequestration), except if that measure of execution is sought pursuant to a final judgment rendered against the Bank by any court of competent jurisdiction pursuant to sub-paragraph 1(a) or (b) above. (3) All deposits entrusted to the Bank, all claims against the Bank and the shares issued by the Bank shall, without the express prior agreement of the Bank, wherever located and by whomsoever held, be immune from any measure of execution (including seizure attachment, freeze or any other measure of execution, enforcement or sequestration). # Host Country Agreement of 11 May 1998: Representative Office of the Bank for International Settlements in the Hong Kong Special Administrative Region of the People’s Republic of China. **Article 3: 5** The Bank shall not be subject to any form of financial or banking supervision or obliged to implement any form of accounting standard, or to comply with any form of licensing or registration requirement. Host Country Agreement of 5 November 2001: Representative Office of the Bank for International Settlements in Mexico. **Article 6.** The Bank shall not be subject to any form of financial or banking supervision or obliged to implement any form of accounting standard, or to comply with any form of licensing or registration requirement. # 2. World Bank Group Since inception at the Bretton Woods Conference, USA, in 1944, the World Bank has expanded from a single institution to a closely associated group of five development institutions. # Articles of Agreement of the International Bank for Reconstruction and Development (As amended effective February 16, 1989) **Article VII.** SECTION 4. Immunity of Assets from Seizure Property and assets of the Bank, wherever located and by whomsoever held, shall be immune from search, requisition, confiscation, expropriation or any other form of seizure by executive or legislative action. SECTION 6. Freedom of Assets from Restrictions To the extent necessary to carry out the operations provided for in this Agreement and subject to the provisions of this Agreement, all property and assets of the Bank shall be free from restrictions, regulations, controls and moratoria of any nature. SECTION 8. Immunities and Privileges of Officers and Employees All governors, executive directors, alternates, officers and employees of the Bank (i) shall be immune from legal process with respect to acts performed by them in their official capacity except when the Bank waives this immunity; (ii) not being local nationals, shall be accorded the same immunities from immigration restrictions, alien registration requirements and national service obligations and the same facilities as regards exchange restrictions as are accorded by members to the representatives, officials, and employees of comparable rank of other members; (iii) shall be granted the same treatment in respect of travelling facilities as is accorded by members to representatives, officials and employees of comparable rank of other members. SECTION 10. Application of Article Each member shall take such action as is necessary in its own territories for the purpose of making effective in terms of its own law the principles set forth in this Article and shall inform the Bank of the detailed action which it has taken. 3. International Monetary Fund # The International Monetary Fund (IMF) was conceived at the Bretton Woods Conference, USA, in July 1944 and currently has 188 member countries. Articles of Agreement of the International Monetary Fund Article IX: Status, Immunities, and Privileges Section 3. Immunity from judicial process The Fund, its property and its assets, wherever located and by whomsoever held, shall enjoy immunity from every form of judicial process except to the extent that it expressly waives its immunity for the purpose of any proceedings or by the terms of any contract. Section 4. Immunity from other action Property and assets of the Fund, wherever located and by whomsoever held, shall be immune from search, requisition, confiscation, expropriation, or any other form of seizure by executive or legislative action. Section 5. Immunity of archives The archives of the Fund shall be inviolable. Section 6. Freedom of assets from restrictions To the extent necessary to carry out the activities provided for in this Agreement, all property and assets of the Fund shall be free from restrictions, regulations, controls, and moratoria of any nature. Section 8. Immunities and privileges of officers and employees All Governors, Executive Directors, Alternates, members of committees, representatives appointed under Article XII, Section 3(j), advisors of any of the foregoing persons, officers, and employees of the Fund: (i) shall be immune from legal process with respect to acts performed by them in their official capacity except when the Fund waives this immunity.

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