Common use of Disputes Prevention Clause in Contracts

Disputes Prevention. 1. The National Focal Points, or Ombudsmen, shall act in coordination with each other and with the Joint Committee in order to resolve any disputes between the Parties. 2. Before initiating an arbitration procedure, any dispute between the Parties shall be assessed through consultations and negotiations between the Parties and previously examined by the Joint Committee. 3. A Party may submit a specific question of interest of an investor to the Joint Committee: a) To initiate the procedure, the Party of the interested investor shall submit, in writing, its request to the Joint Committee, specifying the name of the interested investor and the encountered challenges and difficulties; b) The Joint Committee shall have 60 days, extendable by mutual agreement by 60 additional days, upon justification, to submit relevant information about the presented case; c) In order to facilitate the search for a solution between the Parties, whenever possible, the following shall participate in the bilateral meeting: i) Representatives of the interested investor; ii) Representatives of the governmental or non-governmental entities involved in the measure or situation under consultation. d) The procedure for dialogue and bilateral consultation ends by the initiative of any Party upon presentation of a summarized report in the subsequent Joint Committee meeting, that shall include: i) Identification of the Party; ii) Identification of the interested investors; iii) Description of the measure under consultation; and iv) Position of the Parties concerning the measure. e) The Joint Committee shall, whenever possible, call for special meetings to review the submitted matters.

Disputes Prevention. 1. The National Focal Points, or “Ombudsmen”, shall act in coordination with each other and with the Joint Committee in order to resolve any disputes between the Parties. 2. Before initiating an arbitration procedure, any dispute between the Parties shall be assessed through consultations and negotiations between the Parties and previously examined by the Joint Committee. 3. A Party may submit a specific question of interest of an investor to the Joint Committee: a) To initiate the procedure, the Party of the interested investor shall submit, in writing, its request to the Joint Committee, specifying the name of the interested investor and the encountered challenges and difficulties; b) The Joint Committee shall have 60 days, extendable by mutual agreement by 60 additional days, upon justification, to submit relevant information about the presented case; c) In order to facilitate the search for a solution between the Parties, whenever possible, the following shall participate in the bilateral meeting: i) Representatives of the interested investor; ii) Representatives of the governmental or non-governmental entities involved in the measure or situation under consultation. d) The procedure for dialogue and bilateral consultation ends by the initiative of any Party upon presentation of a summarized report in the subsequent Joint Committee meeting, that shall include: i) Identification of the Party; ii) Identification of the interested investors; iii) Description of the measure under consultation; and iv) Position of the Parties concerning the measure. e) The Joint Committee shall, whenever possible, call for special meetings to review the submitted matters.