Awards and Enforcement Sample Clauses

Awards and Enforcement. (1) Arbitration awards, which may include an award of interest, shall be final and binding upon the parties to the dispute and may provide the following forms of relief: (a) a declaration that the Contracting Party has failed to comply with its obligations under this Agreement; (b) pecuniary compensation, which shall include interest from the time the loss or damage was incurred until time of payment; (c) restitution in kind in appropriate cases, provided that the Contracting Party may pay pecuniary compensation in lieu thereof where restitution is not practicable; and (d) with the agreement of the parties to the dispute, any other form of relief. (2) Each Contracting Party shall make provision for the effective enforcement of awards made pursuant to this Article and shall carry out without delay any such award issued in a proceeding to which it is party.
AutoNDA by SimpleDocs
Awards and Enforcement. (1) Arbitration awards may provide the following forms of relief: a) A declaration that the Contracting Party has failed to comply with its obligations under this Agreement; b) Pecuniary compensation, which shall include interest from the time the loss or damage was incurred until the time of payment; c) Restitution in kind in appropriate cases, provided that the Contracting Party may pay pecuniary compensation in lieu thereof where restitution is not practicable; and d) With the agreement of the parties to the dispute, any other form of relief. (2) Arbitration awards shall be final and binding only upon the parties to the dispute and only with respect to the particular case. (3) The final award will only be published if there is written agreement by both parties to the dispute. (4) An arbitral tribunal shall not order a Contracting Party to pay punitive damages. (5) Each Contracting Party shall, in its territory, make provision for the effective enforcement of awards made pursuant to this Article and shall carry out without delay any such award issued in a proceeding to which it is party. (6) An investor may seek enforcement of an arbitration award under the ICSID Convention or the New York Convention.
Awards and Enforcement. (1) Arbitration awards may provide the following forms of relief: (a) a declaration that the Contracting Party has failed to comply with its obligations under this Agreement; (b) pecuniary compensation; (c) restitution in kind in appropriate cases, provided that the Contracting Party may pay pecuniary compensation in lieu thereof where restitution is not practicable; and (d) with the agreement of the parties to the dispute, any other form of relief. (2) Arbitration awards shall be final and binding only upon the parties to the dispute and only with respect to the particular case. (3) The final award will only be published if there is written agreement by both parties to the dispute. (4) An arbitral tribunal shall not order a Contracting Party to pay punitive damages. (5) Each Contracting Party shall, in its territory, make provision for the effective enforcement of awards made pursuant to this Article and shall carry out without delay any such award issued in a proceeding to which it is party. (6) An investor may seek enforcement of an arbitration award under the ICSID Convention or the New York Convention, if both Contracting Parties are parties to such instruments. (7) A disputing party may not seek enforcement of a final award until: (a) in the case of a final award made under the ICSID Convention: (i) one hundred and twenty days have elapsed from the date the award was rendered and no disputing party has requested revision or annulment of the award, or (ii) revision or annulment proceedings have been completed; and (b) in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: (i) three months have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside or annul the award, or (ii) a court has dismissed an application to revise, set aside or annul the award and there is no further appeal, or (iii) a court has allowed an application to revise, set aside or annul the award and the proceedings have been completed and there is no further appeal. (8) If a disputing Contracting Party fails to abide by or comply with a final award, on delivery of a request by a Contracting Party whose investor was a party to the arbitration, an arbitral tribunal under Article 16 may be established. The requesting Contracting Party may seek in such proceedings: (a) a determination that the failure to abide by or comply with the final award is inconsistent with the obligati...
Awards and Enforcement. (1) Arbitration awards shall be final and binding upon the parties to the dispute. (2) Each Contracting Party shall make provision for the effective enforcement of awards made pursuant to this Article and shall carry out without delay any such award issued in a proceeding to which it is party.
Awards and Enforcement. 1. Arbitration awards in arbitrations under Articles 13 or 15 of this Agreement may provide the following forms of relief: (a) a declaration that the Contracting Party has failed to comply with its obligations under this Agreement; (b) pecuniary compensation; (c) restitution in kind in appropriate cases, provided that the Contracting Party may pay pecuniary compensation in lieu thereof where restitution is not practicable; and (d) with the agreement of the parties to the dispute, any other form of relief. 2. Where an Investor of a Contracting Party makes a claim on behalf of an enterprise of the other Contracting Party that the Investor owns or controls, directly or indirectly: (a) an award of restitution in kind shall provide that restitution be made to the enterprise; and (b) an award of pecuniary compensation and any applicable interest shall provide that the sum be paid to the enterprise. 3. The decision of an arbitral tribunal in an arbitration under Articles 13 or 15 of this Agreement shall be binding on the parties to the dispute with respect to the particular case. The parties shall abide by and comply with the terms of the award. 4. The decision of an arbitral tribunal shall only be published if there is agreement by the parties to the dispute. 5. An arbitral tribunal in an arbitration under Articles 13 or 15 of this Agreement shall not order a Contracting Party to pay punitive damages. 6. Each Contracting Party shall, in its territory, make provision for the effective enforcement of awards made pursuant to this Article. 7. An Investor may seek enforcement of an arbitral award under the Convention or the New York Convention if both Contracting Parties are parties to such instruments. 8. If a disputing Contracting Party fails to abide by or comply with a final award, on delivery of a request by a Contracting Party whose Investor was a party to the arbitration, an arbitral tribunal under Article 21 may be established. The requesting Contracting Party may seek in such proceedings: (a) a determination that the failure to abide by or comply with the final award is inconsistent with the obligations of this Agreement, and (b) a recommendation that the Contracting Party abide by or comply with the final award.
Awards and Enforcement. 1. Arbitration awards may provide the following forms of relief: a) a declaration that the Contracting Party has failed to comply with its obligations under this Agreement; b) pecuniary compensation, which shall include any applicable interests; c) restitution in kind in appropriate cases, provided that the Contracting Party may pay pecuniary compensation in lieu thereof where restitution is not practicable; and d) with the agreement of the parties to the dispute, any other form of relief. 2. Arbitration awards shall be final and binding only upon the parties to the dispute and only with respect to the particular case. 3. The final award will only be published if there is written agreement by both parties to the dispute. 4. An arbitral tribunal shall not order a Contracting Party to pay punitive damages. 5. Each Contracting Party shall, in its territory, make provision for the effective enforcement of awards made pursuant to this Article and shall carry out without delay any such award issued in a proceeding to which it is party. 6. An investor may seek enforcement of an arbitration award under the ICSID Convention or the New York Convention, if both Contracting Parties are parties to such instruments.
Awards and Enforcement. (1) Arbitration awards may provide the following forms of relief: a) A declaration that the Contracting Party has failed to comply with its obligations under this Agreement; b) Pecuniary compensation, which shall include interest from the time the loss or damage was incurred until the time of payment; c) Restitution in kind in appropriate cases, provided that the Contracting Party may pay compensation in lieu thereof where restitution is not practicable; and d) With the agreement of the parties to the dispute, any other form of relief. (2) Arbitration awards shall be final and binding only upon the parties to the dispute and only with respect to the particular case. (3) The applicable arbitration rules apply to the publication of an award. (4) An arbitral tribunal shall not order a Contracting Party to pay punitive damages. (5) Each Contracting Party shall, carry out without delay any award made pursuant to this Article issued in proceedings to which it is a party and shall, in its territory, make provision for the effective enforcement of such awards.
AutoNDA by SimpleDocs
Awards and Enforcement. (1) Arbitration awards shall be final and binding upon the parties to the dispute and may provide the following forms of relief: (a) a declaration that the Contracting Party has failed to comply with its obligations under this Agreement; (b) pecuniary compensation, which shall include interest from the time the loss or damage was incurred until time of payment; (c) restitution in kind in appropriate cases, provided that the Contracting Party may pay pecuniary compensation in lieu thereof where restitution is not practicable; and (d) with the Agreement of the parties to the dispute, any other form of relief. (2) Each Contracting Party shall make provision for the effective enforcement of awards made pursuant to this Article and shall carry out without delay any such award issued in a proceeding to which it is party.
Awards and Enforcement. (1) Arbitration awards, which may include an award of interest, shall be final and binding upon the parties to the dispute and may provide the following forms of relief: a) a declaration that the Contracting Party has failed to comply with its obligations under this Agreement; b) pecuniary compensation, which shall include interest from the time the loss or damage was incurred until time of payment; c) restitution in kind in appropriate cases, provided that the Contracting Party may pay pecuniary compensation in lieu thereof where restitution is not practicable; and d) with the Agreement of the parties to the dispute, any other form of relief. (2) Each Contracting Party shall make provision for the effective enforcement of awards made pursuant to this Article and shall carry out without delay any such award issued in a proceeding to which it is party.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!