1. The respondent consents to the settlement of the dispute by the Tribunal in accordance with the procedures set out in this Section. 

2. The consent under paragraph 1 and the submission of a claim to the Tribunal under this Section shall satisfy the requirements of: 

(a) Article 25 of the ICSID Convention and Chapter II of the ICSID Additional Facility Rules regarding written consent of the disputing parties; and,
(b) Article II of the New York Convention for an agreement in writing.