Disputes between Contracting Parties. (1) Disputes between Contracting Parties regarding the interpretation or application of the Agreement shall be settled through diplomatic channels. (2) If both Contracting Parties cannot reach an agreement within six months, it shall, upon request of either Contracting Party, be submitted to an arbitral tribunal of three members. Each Contracting Party shall appoint one arbitrator, and these two arbitrators shall nominate a chairman who shall be a national of a third State. (3) If one of the Contracting Parties has not appointed its arbitrator and has not followed the invitation of the other Contracting Party to make that appointment within two months, the arbitrator shall be appointed upon the request of that Contracting Party by the President of the International Court of Justice. (4) If both arbitrators cannot reach an agreement about the choice of chairman within two months after their appointment, the chairman shall be appointed upon the request of either Contracting Party by the President of the International Court of Justice. (5) If, in the cases specified under paragraphs (3) and (4) of this Article, the President of the International Court of Justice is prevented from carrying out the said function or if the President is a national of either Contracting Party, the appointment shall be made by the Vice-President, and if the latter is prevented or if the Vice-President is a national of either Contracting Party, the appointment shall be made by the most senior Judge of the Court who is not a national of either Contracting Party. (6) The arbitration tribunal shall reach its decision by a majority of votes, the decision being final and binding on the Contracting Parties. Each Contracting Party shall bear the cost of the member appointed by that Contracting Party as well as the costs for its representation in the arbitration proceedings; the cost of the chairman as well as any other costs shall be borne in equal parts by the two Contracting Parties. The arbitration tribunal may, however, in its decision direct that a higher proportion of cost shall be borne by one of the Contracting Parties. In all other respects, the procedure of the arbitration tribunal shall be determined by the tribunal itself.
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Samples: Investment Protection Agreement
Disputes between Contracting Parties. (1) . Disputes between Contracting Parties regarding the interpretation or application of the provisions of this Agreement shall be settled through diplomatic channels.
(2) . If both Contracting Parties cannot reach an agreement within six monthstwelve months after the beginning of the dispute between themselves, it the latter shall, upon request of either Contracting Party, be submitted to an arbitral tribunal of three members. Each Contracting Party party shall appoint one arbitrator, and these two arbitrators shall nominate a chairman who shall be a national citizen of a third State.
(3) . If one of the Contracting Parties parties has not appointed its arbitrator and has not followed the invitation of the other Contracting Party party to make that appointment within two months, the arbitrator shall be appointed upon the request of that Contracting Party by the President president of the International Court of Justice.
(4) . If both arbitrators cannot reach an agreement about the choice of the chairman within two months after their appointment, the chairman latter shall be appointed upon the request of either Contracting Party party by the President of president of' the International Court of Justice.
(5) . If, in the cases specified under paragraphs (3) 3 and (4) 4 of this Article, the President of the International International. Court of Justice is prevented from carrying out the said function or if the President he is a national citizen of either Contracting Party, the appointment shall be made by the Vice-President, and if the latter is prevented or if the Vice-President he is a national citizen of either Contracting Party, the appointment shall be made by the most senior Judge of the Court who is not a national citizen of either Contracting Party.
(6) The arbitration tribunal shall reach its decision . Subject to other provisions made by a majority of votes, the decision being final and binding on the Contracting Parties, the tribunal shall determine its procedure.
7. Each Contracting Party party shall bear the cost of the member arbitrator it has appointed by that Contracting Party as well as the costs for and of its representation in the arbitration arbitral proceedings; the . The cost of the chairman as well as any other and the remaining costs shall be borne in equal parts by the two Contracting Parties.
8. The arbitration tribunal may, however, in its decision direct that a higher proportion of cost shall be borne by one decisions of the tribunal are final and binding for each Contracting Parties. In all other respects, the procedure of the arbitration tribunal shall be determined by the tribunal itselfParty.
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Samples: Investment Protection Agreement
Disputes between Contracting Parties. (1) . Disputes between the Contracting Parties regarding concerning the interpretation or application of the provisions of this Agreement shall be settled through diplomatic channels.
(2) . If both the Contracting Parties cannot reach an agreement within six monthstwelve months after the beginning of the dispute shall be submitted, it shall, upon at the request of either Contracting Party, be submitted party to an arbitral tribunal composed of three members. Each each Contracting Party shall appoint one arbitrator, arbitrator and these the two arbitrators thus appointed shall nominate a chairman appoint the Chairman of the Tribunal who shall be a national of a third State.
(3) . If one of the Contracting Parties has not appointed its arbitrator and has not followed in response to the invitation of the other Contracting Party to make that appointment within two months, the arbitrator shall be appointed upon the request of that the latter Contracting Party by the President of the International Court of Justice.
(4) . If both the two arbitrators cannot reach an agreement about the choice of chairman the Chairman within two months after their appointment, the chairman latter shall be appointed upon designated at the request of either Contracting Party by the President of the International Court of Justice.
(5) If, . If in the cases specified under paragraphs (3) and (4) of this Articlearticle, the President of the International Court of Justice is prevented from carrying out the said function or if the President he is a national of either Contracting Party, the appointment shall be made by the Vice-President, President and if the latter is prevented or if the Vice-President he is a national of either Contracting Party, the appointment shall be made by the most senior Judge judge of the Court of greater seniority who is not a national of either of the Contracting PartyParties.
(6) The arbitration . Unless the parties agree otherwise, the tribunal shall reach determine its decision own procedure. in addition, each Contracting Party shall bear the costs of its own arbitrator and its representation in the arbitral proceedings. the cost of the Chairman and the remaining costs shall be borne equally by a majority the Contracting Parties unless agreed otherwise.
7. The decisions of votes, the decision being Tribunal are final and binding on the Contracting Parties. Each Contracting Party shall bear the cost of the member appointed by that Contracting Party as well as the costs for its representation in the arbitration proceedings; the cost of the chairman as well as any other costs shall be borne in equal parts by the two Contracting Parties. The arbitration tribunal may, however, in its decision direct that a higher proportion of cost shall be borne by one of the Contracting Parties. In all other respects, the procedure of the arbitration tribunal shall be determined by the tribunal itself.
Appears in 1 contract
Disputes between Contracting Parties. (1) Disputes between Contracting Parties regarding the interpretation or application of the provisions of this Agreement shall be settled through diplomatic channels.
(2) If both Contracting Parties Party cannot reach an agreement within six monthstwelve months after the beginning of the dispute between themselves, it the latter shall, upon request of either Contracting Party, be submitted to an arbitral tribunal of three members. Each Contracting Party shall appoint one arbitrator, and these two arbitrators shall nominate a chairman who shall be a national citizen of a third State.
(3) If one of the Contracting Parties has not appointed its arbitrator and has not followed fallowed the invitation of the other Contracting Party to make that appointment within two months, the arbitrator shall be appointed upon the request of that Contracting Party by the President of the International Court of Justice.
(4) If both arbitrators cannot reach an agreement about the choice of the chairman within two months after their appointment, the chairman latter shall be appointed upon the request of either Contracting Party by the President of the International Court of Justice.
(5) If, in the cases specified under paragraphs (3) and (4) of this Article, the President of the International Court of Justice is prevented from form carrying out the said function or if the President he is a national citizen of either Contracting Party, the appointment shall be made by the Vice-President, and if the latter is prevented or if the Vice-President he is a national citizen of either Contracting Party, the appointment shall be made by the most senior Judge of the Court who is not a national citizen of either Contracting Party.
(6) The arbitration Subject to other provisions made by the Contracting Parties the tribunal shall reach determine its decision by a majority of votes, the decision being final and binding on the Contracting Parties. procedure.
(7) Each Contracting Party shall bear the cost of the member arbitrator it has appointed by that Contracting Party as well as the costs for and of its representation in the arbitration arbitral proceedings; the . The cost of the chairman as well as any other and the remaining costs shall be borne in equal parts by the two Contracting Parties. .
(8) The arbitration tribunal may, however, in its decision direct that a higher proportion of cost shall be borne by one decisions of the tribunal are final and biding for each Contracting Parties. In all other respects, the procedure of the arbitration tribunal shall be determined by the tribunal itselfParty.
Appears in 1 contract
Samples: Investment Protection Agreement
Disputes between Contracting Parties. (1) Disputes between Contracting Parties regarding the interpretation or application of the provisions of this Agreement shall be settled through the diplomatic channels.
(2) If both Contracting Parties cannot reach an agreement within six monthsmonths after the beginning of the dispute between themselves, it the latter shall, upon request of either Contracting Party, be he submitted to an arbitral tribunal of three members. Each Contracting Party shall appoint one arbitrator, and these two arbitrators shall nominate a chairman who shall be a national citizen of a third State.
(3) If one of the Contracting Parties has not appointed its arbitrator and has not followed the invitation of the other Contracting Party to make that appointment within two months, the arbitrator shall be appointed upon the request of that Contracting Party by the President of the International Internationa! Court of Justice.
(4) If both arbitrators cannot reach an agreement about the choice of the chairman within two months after their appointment, the chairman latter shall be appointed upon the request of either Contracting Party by the President of the International Court of Justice.
(5) If, in the cases specified under paragraphs (313) and (4) of this Article, the President of the International Court of Justice is prevented from carrying out the said function or if the President he is a national citizen of either Contracting Party, the appointment shall be made by the Vice-President, and if the latter is prevented or if the Vice-President he is a national citizen of either Contracting Party, the appointment shall be made by the most senior Judge of the Court who is not a national citizen of either Contracting Party.
(6) The arbitration tribunal shall reach its decision Subject to other provisions made by a majority of votes, the decision being final and binding on the Contracting Parties. , the tribunal shall determine its procedure.
(7) Each Contracting Party shall bear the cost of the member arbitrator it has appointed by that Contracting Party as well as the costs for and of its representation in the arbitration arbitral proceedings; the . The cost of the chairman as well as any other and the remaining costs shall be borne in equal parts by the two Contracting Parties. .
(8) The arbitration tribunal may, however, in its decision direct that a higher proportion of cost shall be borne by one decisions of the tribunal are final and binding for each Contracting Parties. In all other respects, the procedure of the arbitration tribunal shall be determined by the tribunal itselfParty.
Appears in 1 contract
Samples: Investment Protection Agreement
Disputes between Contracting Parties. (1) Disputes between Contracting Parties contracting parties regarding the interpretation or application of the provisions of this Agreement shall be settled through diplomatic channels.
(2) If both Contracting Parties cannot contracting parties fail to reach an agreement a settlement within six months12 months from the date on which the dispute has arisen, it shallthe latter shall be submitted, upon at the request of either Contracting Party, be submitted contracting party to an arbitral tribunal composed of three members. Each each Contracting Party shall appoint one an arbitrator, and these . the two arbitrators so nominated shall nominate appoint a chairman who shall be a national of a third State.
(3) If one of the Contracting Parties has not appointed its arbitrator and has not followed the invitation of the other Contracting Party contracting party to make that such appointment within two months, months of the arbitrator shall be appointed appointed, upon request by the request of that latter Contracting Party by the President of the International Court of Justice.
(4) If both the two arbitrators cannot reach an agreement about the choice of chairman the Chairman within two months after their appointment, appointment the chairman latter shall be appointed upon the request of either Contracting Party by the President of the International Court of Justice.
(5) If, If in the cases specified under paragraphs (3) and (4) of this Articlearticle, the President of the International Court of Justice is prevented from carrying out the said function exercising his mandate or if the President he is a national of either Contracting Party, the appointment shall be made by the Vice-President, President and if the latter is prevented or if the Vice-President he is a national of either Contracting Party, the appointment shall they will be made by the most senior Judge member of the Court who is not a national of either of the Contracting PartyParties.
(6) The arbitration Unless the Contracting Parties decide otherwise, the tribunal shall reach determine its decision by a majority of votes, the decision being final and binding on the Contracting Parties. own procedure.
(7) Each Contracting Party shall bear the cost costs of its own member of the member appointed by that Contracting Party as well as the costs for Tribunal and of its representation in the arbitration proceedings; . the cost of the chairman as well as any other Chairman and the remaining costs shall be borne in equal parts by the two Contracting Partiescontracting parties. The arbitration tribunal maythe Tribunal may decide, however, in its decision direct that award by one of the two Contracting Parties shall bear a higher proportion of cost costs and this decision shall be borne by one binding on both contracting parties.
(8) The decisions of the Contracting Parties. In all other respectsTribunal, the procedure of the arbitration tribunal which shall be determined taken by the tribunal itselfa majority of votes, shall be final and binding for each Contracting Party.
Appears in 1 contract
Disputes between Contracting Parties. (1) . Disputes between Contracting Parties regarding the interpretation or application of the provisions of this Agreement shall be settled through diplomatic channels.
(2) . If both Contracting Parties cannot reach an agreement within six monthstwelve months after the beginning of the dispute between themselves, it the latter shall, upon request of either Contracting Party, be submitted to an arbitral tribunal of three members. Each Contracting Party party shall appoint one arbitrator, and these two arbitrators shall nominate a chairman who shall be a national citizen of a third State.
(3) . If one of the Contracting Parties has parties ha s not appointed its arbitrator and has not followed the invitation of the other Contracting Party party to make that appointment within two months, the arbitrator shall be appointed upon the request of that Contracting Party by the President president of the International Court of Justice.
(4) . If both arbitrators cannot reach an agreement about the choice of the chairman within two months after their appointment, the chairman latter shall be appointed upon the request of either Contracting Party party by the President of president of' the International Court of Justice.
(5) . If, in the cases specified under paragraphs (3) 3 and (4) 4 of this Article, the President of the International International. Court of Justice is prevented from carrying out the said function or if the President he is a national citizen of either Contracting Party, the appointment shall be made by the Vice-President, and if the latter is prevented or if the Vice-President he is a national citizen of either Contracting Party, the appointment shall be made by the most senior Judge of the Court who is not a national citizen of either Contracting Party.
(6) The arbitration tribunal shall reach its decision . Subject to other provisions made by a majority of votes, the decision being final and binding on the Contracting Parties, the tribunal shall determine its procedure.
7. Each Contracting Party party shall bear the cost of the member arbitrator it has appointed by that Contracting Party as well as the costs for and of its representation in the arbitration arbitral proceedings; the . The cost of the chairman as well as any other and the remaining costs shall be borne in equal parts by the two Contracting Parties.
8. The arbitration tribunal may, however, in its decision direct that a higher proportion of cost shall be borne by one decisions of the tribunal are final and binding for each Contracting Parties. In all other respects, the procedure of the arbitration tribunal shall be determined by the tribunal itselfParty.
Appears in 1 contract
Samples: Investment Protection Agreement