SECTION 1 — Exercise by the Court of its functions

1.1 The Common Court of Justice and Arbitration, hereinafter referred to as «the Court», shall be responsible for the supervision of arbitration proceedings in accordance with article 21 of the Treaty and under the conditions laid down hereinafter. The decisions which the court shall take for the purpose of ensuring the proper conduct of arbitration proceedings and the proceeding linked to the scrutiny of the award, are of an administrative nature. The above decisions shall not be binding and may not be challenged; the reasons upon which they are based shall be made public. The decisions shall be arrived at by the court in accordance with the rules agreed upon at the general assembly following proposals made by the President. The Registrar–in–Chief shall perform the functions of Secretary General of the administrative organs of the Court. 1 .2 The Court shall perform the judicial functions provided for in article 25 of the Treaty with respect to final arbitral awards and exequatur of the said awards while sitting in its judicial capacity and in accordance with the laid down procedure. 1.3 The administrative functions of the court as defined in paragraph 1.1 above relating to the supervision of arbitral proceedings shall be performed in accordance with chapter II below. The judicial functions provided for in paragraph 1.2 above are defined and regulated by chapter III below and the rules of procedure of the Court.