Common use of Compensation and Suspension of Benefits Clause in Contracts

Compensation and Suspension of Benefits. 1. If the Party complained against does not comply with a ruling of the arbitration panel referred to in Article 12.8, or notifies the complaining Party that it does not intend to comply with the final report that Party shall, if so requested by the complaining Party, enter into consultations with a view to agreeing on mutually acceptable compensation. If no such agreement has been reached within 20 days from receipt of the request, the complaining Party shall be entitled to suspend the application of benefits granted under this Agreement but only equivalent to those affected by the measure or matter that the arbitration panel has found to be inconsistent with this Agreement.

Appears in 4 contracts

Samples: Free Trade Agreement, Trade Agreement, Free Trade Agreement

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Compensation and Suspension of Benefits. 1. If the Party complained against does not comply with a ruling either of the rulings of the arbitration panel referred to in Article 12.812.9, or notifies the complaining Party that it does not intend to comply with the final report report, that Party shall, if so requested upon request by the complaining Party, enter into consultations with a view to agreeing on mutually acceptable compensation. If no such agreement has been reached within 20 days from receipt the date of the request, the complaining Party shall be entitled to suspend the application of benefits granted under this Agreement but only equivalent to those affected by the measure or matter that the arbitration panel has found to be inconsistent with this Agreement.

Appears in 2 contracts

Samples: Trade and Economic Partnership Agreement, Trade and Economic Partnership Agreement

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