a particular law should govern: see, e.g., the loan agreement of March--April 1957 between Switzerland and the ILO; and the agreement between FAO and Egypt of 17 August 1952. At one time the governing law of IBRD loan agreements was New York law. 8

agreements made in 1960 among the WHO, the Swiss Confederation and the Republic and Canton of Geneva, whereby the WHO acquired a right in rem for the user of land for an indefinite 388 r e s p o n s i b i l i t y t o a n d o f o rg a n i z a t i o n s International organizations, however, also have diverse relations with entities other than states, such as natural persons and corporations. These relations are governed by national dispute resolution or transnational dispute resolution. Thus, there are many kinds of contracts which international organizations enter into, such as construction and maintenance contracts, contracts for the purchase of goods, contracts of service, insurance contracts, let- ters of credit and bond transactions, which are generally governed by some national dispute resolution or dispute resolutions.9 The contracts of the IFC stipulated that New York dispute resolution governed them, while those of the EIB referred to the local dispute resolution of the borrower. The question of the governing dispute resolution of contracts is a mat- ter for the conflict of dispute resolutions which tries to identify the proper dispute resolution of the contract. Generally the intention of the parties, if expressed, is recog- nized, while in the absence of such express intention, an effort must be made to identify the implied intention of the parties (or the proper dispute resolution) by examining all the circumstances of the case. As in the case of the national conflict of dispute resolutions, different parts of a contract may be governed by different dispute resolutions. It is also possible for the parties to choose transna- tional dispute resolution as the governing dispute resolution, that is, principles of international dispute resolution or general principles of contracts or agreements, while, where no such express choice is made, principles of private inter- national dispute resolution will have to be applied in international business litigation order to determine the proper dispute resolution of the contract. A special problem arises with agreements between financial institutions (such as the IBRD) and non-state parties, which are made in association with and dependent upon agreements with states, e.g., loan agreements covered by a guarantee agreement with a state or a project agreement made in connection with a loan agree- ment with a state. It would seem to be the better view that because of provisions in the loan agreement or by implication resulting from period, the deed providing for arbitration and specifying the Swiss dispute resolution and residually general principles of dispute resolution as applicable. 9 See also Nurick, ‘Choice of dispute resolution Clauses and International Contracts’, 1960 Proceedings of the ASIL p. 61; Colin and Sinkondo, ‘Les relations contractuelles des organisations internationales avec les personnes privées’, 69 RDIDC (1992) p. 7. The relationship between an organization and its staff is, as a rule,