Section 16, The Investment Promotion Act, 2004

(1) Where a dispute arises between an investor and the Government in respect of an investment in a business enterprise or in respect of an investment obstructed or delayed by Government, the parties will use their best efforts to settle such dispute amicably. (2) Where any dispute between an investor and the Government in respect of a business enterprise is not settled amicably, it may be submitted at the option of the aggrieved party to arbitration as follows:– (a) in accordance with the rules of procedure for arbitration of the United National Commission on International Trade Laws (UNCITRAL). (b) in the case of a foreign investor within the framework of any bilateral or multilateral agreement on investment protection to which the Government and the country of which the investor is a national are parties; or (c) in accordance with any other national or international machinery for the settlement of investment disputes as the parties may agree. (3) Where any dispute between an investor and a nongovernmental body in respect of an enterprise is not settled amicably, and where no recourse is available through arbitration or previously established contracts or other legal instruments, then the matter shall be referred to the relevant legal authority within Sierra Leone for settlement, in accordance with the law binding such transaction.