Common use of APPLICABLE LAW AND SETTLEMENT OF DISPUTES Clause in Contracts

APPLICABLE LAW AND SETTLEMENT OF DISPUTES. 1. This contract will be ruled by the relevant laws of the People's Republic of China. 2. Any disputes arising from the execution of, or in connection with, the contract wll be settled through friendly consultations between both parties. In case no settlement can be reached through consultations, the disputes will be submitted to the arbitral institution located in the place of contract signing.

Appears in 2 contracts

Samples: Share Exchange Transaction Contract (China Shen Zhou Mining & Resources, Inc.), Share Exchange Transaction Contract (China Shen Zhou Mining & Resources, Inc.)

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APPLICABLE LAW AND SETTLEMENT OF DISPUTES. 1. This contract will be ruled Agreement is governed and construed by the relevant laws of the People's ’s Republic of China. 2. Any All disputes and argues arising from the execution ofperformance of this Agreement shall be solved through negotiation by the parties; if negotiation fails, or in connection with, both parties agree to adopt the contract wll be settled through friendly consultations between both parties. In case no same settlement can be reached through consultations, the of disputes will be submitted to the arbitral institution located as stated in the place principal Principal Agreement; During the settlement of contract signingdispute, other provisions in the Agreement that may not be affected shall be performed continuously.

Appears in 2 contracts

Samples: Maximum Guarantee Agreement (Birch Branch Inc), Maximum Guarantee Agreement (Birch Branch Inc)

APPLICABLE LAW AND SETTLEMENT OF DISPUTES. 1. This contract will be ruled Agreement is governed and construed by the relevant laws of the People's ’s Republic of China. 2. Any All disputes and argues arising from the execution ofperformance of this Agreement shall be solved through negotiation by the parties; if negotiation fails, or in connection with, both parties agree to adopt the contract wll be settled through friendly consultations between both parties. In case no same settlement can be reached through consultations, the of disputes will be submitted to the arbitral institution located as stated in the place Principal Agreement; During the settlement of contract signingdispute, other provisions in the Agreement that may not be affected shall be performed continuously.

Appears in 2 contracts

Samples: Maximum Guarantee Agreement (Birch Branch Inc), Maximum Guarantee Agreement (Birch Branch Inc)

APPLICABLE LAW AND SETTLEMENT OF DISPUTES. 1. 6.1 This contract will Agreement shall be ruled governed by the relevant laws of the People's ’s Republic of China. Any dispute in connection with this Agreement shall be settled by the Parties through friendly consultation; in the event such dispute cannot be solved, each party may submit it to the China International Economic and Trade Arbitration Commission for arbitration in accordance with its rules. The arbitration award shall be final and binding upon both Parties. 2. Any disputes arising from 6.2 During the execution of, or in connection witharbitration for any dispute, the contract wll be settled through friendly consultations between both parties. In case no settlement can be reached through consultations, the disputes will be submitted Parties shall continue to the arbitral institution located perform parts other than those covered in the place of contract signingarbitration.

Appears in 2 contracts

Samples: Business Transfer Agreement (Vimicro International CORP), Equipment and Software Sales Contract (Vimicro International CORP)

APPLICABLE LAW AND SETTLEMENT OF DISPUTES. 1. This contract will be ruled by the relevant The laws of the People's ’s Republic of China. 2China shall apply to this contract. Any All the disputes arising from the execution of, or in connection with, the performing of this contract wll shall be settled by both parties through friendly consultations between both partiesnegotiation. In case no settlement can be reached through consultations, both parties could not come to an agreement about the disputes will be submitted through friendly negotiation, either party could submit the disputes to the arbitral institution People’s Court where the mortgagee located for judgment. During the dispute settlement period, both parties shall continue to perform all the clauses of the contract that have not been affected by the issue in the place of contract signingdispute.

Appears in 1 contract

Samples: Maximum Amount Mortgage Contract (Hubei Minkang Pharmaceutical Ltd.)

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APPLICABLE LAW AND SETTLEMENT OF DISPUTES. 1. This contract will 8.1 The conclusion, implementation, validity and interpretation of and disputes arising out of this Agreement shall be ruled governed by the relevant laws of the People's ’s Republic of China. 28.2 The Parties agree that all the disputes and claims arising out of or relating to this Agreement shall first be resolved by friendly consultations. Any disputes arising from the execution of, or in connection with, the contract wll be settled through friendly consultations between both parties. In case If no settlement agreement can be reached through consultationsreached, either Party may submit the disputes will dispute for arbitration before South China International Economic and Trade Arbitration Commission (also called Shenzhen Court of International Arbitration) in accordance with its procedural rules. The arbitral award shall be submitted to final and binding on the arbitral institution located in the place of contract signingParties.

Appears in 1 contract

Samples: Equity Transfer Agreement (Universal Electronics Inc)

APPLICABLE LAW AND SETTLEMENT OF DISPUTES. 1. This contract will Agreement shall be ruled governed by and interpreted in accordance with the relevant laws of the People's ’s Republic of China. 2. Any disputes arising from In the execution of, or event a dispute arises in connection withwith this Agreement, the contract wll be settled parties shall attempt to settle such dispute through friendly consultations between consultations. If no mutually acceptable settlement of such dispute is reached, any party shall submit such dispute to the Arbitration Commission of Weifang. Such arbitration shall be conducted in accordance with the Arbitration Rules of the commission being in force at the time. The arbitral award is final and binding upon both parties. In case no settlement can be reached through consultations, the disputes will be submitted to the arbitral institution located in the place of contract signing.

Appears in 1 contract

Samples: Equity Interest Transfer Agreement (CHINA NEW BORUN Corp)

APPLICABLE LAW AND SETTLEMENT OF DISPUTES. 1. This contract will be ruled Agreement is governed and construed by the relevant laws of the People's ’s Republic of China. 2. Any All disputes and argues arising from the execution ofperformance of this Agreement shall be solved through negotiation by the parties; if negotiation fails, or in connection with, both parties agree to adopt the contract wll be settled through friendly consultations between both parties. In case no same settlement can be reached through consultations, the of disputes will be submitted to the arbitral institution located as stated in the place Principal Agreement; During the settlement of contract signingdispute, other provisions in this Agreement that may not be affected shall be performed continuously.

Appears in 1 contract

Samples: Maximum Amount Guarantee Agreement (Birch Branch Inc)

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