1. INTRODUCTION

1.1 This  Notice of Arbitration (the  Notice) is served  by the  Claimant, I>u.nkeld International Investment Ltd.  (Dunbld or the Claim .. t),  on the Respondent, the Government of Belize (the Govel1lDleat  or the Respondeat),  pursuant to:

(a) Article 3  of the  Arbitration Rules of the United Nations Commission on International Trade Law 1977 (the UNCITRAL Rales); and

(b)  Article 8 of the 1982 Agreement  between the  Government of the  United Kingdom of Great Britain and Northern Ireland and the  Govcmmcnt of Belize for the Promotion and  Protection of Investments (the  Treaty').

1.2 Dunkeld demands that the  dispute which is set  out in  this Notice be  referred to arbitration in accordance  with Article 3 of the  UNCITRAL Rules and with Article 8 of the Treaty.