Scope of Application and Definitions

Article 1

1. These Rules shall govern an arbitration between the Bank for International Settlements and one or more private parties as contemplated by its Statutes [as of 8 January 2001], except that where any of these Rules is in conflict with a provision of Article 54 of the Statutes of the Bank for International Settlements, Article XV of the Agreement of The Hague of 20 January 1930, Annex XII to the Agreement of The Hague of 20 January 1930, or Chapter III of the Hague Convention of 1907 for the Pacific Settlement of International Disputes (except in so far as the latter is modified by the provisions of said Agreement or Annex XII), that provision shall prevail.