Consultation and Negotiation. 1. In the event of an investment dispute, the claimant and the respondent should initially seek to resolve the dispute through consultation and negotiation, which may include the use of non-binding, third-party procedures. 2. The claimant shall deliver to the contact point of the respondent a written request for consultations and negotiations regarding an investment dispute setting out a brief description of facts regarding the measure or measures at issue. 3. For the purposes of this Article the Parties agree to establish Contact Points as follows: (a) for Israel: the Ministry of Finance, Chief Economist Department, or its successor. (b) for The United Arab Emirates: Ministry of Finance, International Organizations and Financial Relations Department. 4. For greater certainty, the initiation of consultations and negotiations shall not be construed as recognition of the jurisdiction of a tribunal.
Appears in 9 contracts
Samples: Investment Protection Agreement, Investment Protection Agreement, Investment Protection Agreement
