Common use of Arbitration panel ruling Clause in Contracts

Arbitration panel ruling. 1. The arbitration panel shall transmit its ruling to the Parties and the TPA Committee at the latest one hundred and fifty (150) days following the establishment of the arbitration panel. If it considers that this time limit cannot be complied with, the Chairperson of the arbitration panel shall inform the Parties and the TPA Committee thereof in writing, giving reasons for the delay and stating the date on which the arbitration panel plans to conclude its work. The arbitration panel ruling should under no circumstances be delivered any later than one hundred and eighty (180) days from the date on which the arbitration panel was established.

Arbitration panel ruling. 1. The arbitration panel shall transmit its ruling to the Parties and the TPA Joint Implementation Committee of the EPA at the latest one hundred and fifty (150) days following the establishment of the arbitration panel. If it considers that this time limit cannot be complied withrespected, the Chairperson of the arbitration panel shall inform the Parties and the TPA Joint Implementation Committee thereof of the EPA in writing, giving reasons for the delay and stating the date on which the arbitration panel plans to conclude its work. The arbitration panel ruling should under no circumstances be delivered any later than one hundred and eighty (180) days from the date on which the arbitration panel was established.