Common use of Awards and Enforcement Clause in Contracts

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.

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 applicable arbitration rules apply final arbitral award will only be published if there is written agreement by both parties to the publication of an awarddispute. (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 awards made pursuant to this Article and shall carry out without delay any such awardsaward 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 a declaration that the Contracting Party has failed to comply with its obligations under this Agreement; b) Pecuniary pecuniary compensation, which shall include interest from the time the loss or damage was incurred until the time of payment; c) Restitution 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 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.