Common use of Both Contracting Parties Clause in Contracts

Both Contracting Parties. recognize the full rights of subrogation with regard to the rights or actions of an investor whose investment has been covered by a guarantee. In case of a dispute, only the investor or a privately managed company may initiate, or participate in, proceedings before a national tribunal or submit the case to international arbitration in accordance with the provisions of Article 9 of this Agreement. ARTICLE 9 Settlement of disputes between an investor of one Contracting Party and the other Contracting Party

Both Contracting Parties. recognize the full rights of subrogation with regard to the rights or actions of an investor whose investment has been covered by a guarantee. In case of a dispute, only the investor or a privately managed company may initiate, or participate in, proceedings before a national tribunal or submit the case to international arbitration in accordance with the provisions of Article 9 of this Agreement. ARTICLE 9 Settlement of disputes between an investor of one Contracting Party and the other Contracting Party.