• His Majesty's Government of Nepal and the Government of India (hereinafter referred to as the “Parties”)

• Reaffirming the determination to promote and strengthen their relations of friendship and close neighbourliness for the co–operation in the development of water resources; Recognizing that the Mahakali River is a boundary river on major stretches between the two countries;

• Realizing the desirability to enter into a treaty on the basis of equal partnership to define their obligations and corresponding rights and duties thereto in regard to the waters of the Mahakali River and its utilization;

On May 18, 2020, the United States Supreme Court denied a request by the Bolivarian Republic of Venezuela and its state-owned oil company, Petróleos de Venezuela, S.A. (PDVSA), to review the merits of Crystallex Int'l Corp. v. Bolivarian Republic of Venezuela, a decision by the U.S. Court of Appeals for the Third Circuit. In Crystallex, the Third Circuit affirmed a trial court's determination that PDVSA is the “alter ego” of Venezuela itself, thus permitting Crystallex to enforce a $1.4 billion judgment against Venezuela by attaching property held in PDVSA's name. Given the Supreme Court's decision to leave the Third Circuit's opinion undisturbed, Crystallex is a significant decision that may affect parties involved in transnational litigation for years to come—especially those pursuing or defending against U.S. enforcement proceedings involving the property of foreign states.

That, in keeping with the agenda approved by the General Assembly [AG/RES.1613 (XXIX-O/99)], this conference included the subject of international loan contracts of a private nature, in particular the uniformity and harmonization of secured transactions law, as one of the items on its agenda;