Enforcement of Arbitral Awards Sample Clauses

Enforcement of Arbitral Awards. There are several ways in which an arbitration award obtained in Hong Kong may be enforced in the British Virgin Islands. The principal method is under Part IX of the Arbitration Xxx 0000 whereby any final and conclusive monetary award obtained against the Company in arbitration proceedings in Hong Kong in respect of the Transaction Documents for a definite sum may, with the leave of the High Court in the British Virgin Islands, be enforced in the same manner as a judgment of the British Virgin Islands court under the procedure set out in the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards 1958. The High Court may only exercise its discretion to refuse leave if:
AutoNDA by SimpleDocs
Enforcement of Arbitral Awards. 1. An arbitral award rendered by an arbitral tribunal established under Article 14 of this Agreement shall be binding upon the parties to the Investor-State Dispute.
Enforcement of Arbitral Awards. 1. Arbitration award is mandatory to be enforced according to the procedure and time limits established in the award.
Enforcement of Arbitral Awards. Section 43 ➦
Enforcement of Arbitral Awards. The Grant Agreement shall contain whatever provisions are required to ensure, in respect of the CEB and in respect of the Beneficiary, compliance with any awards made in pursuance of the present Appendix. If, within one month after the originals of the award have been delivered to the Parties, the award has not been complied with, any of the Parties specified in Article 1.3 may institute proceedings for the enforcement of the award. The court which shall have jurisdiction for such proceedings shall be that designated by the rules of civil procedure of the State concerned. APPENDIX E
Enforcement of Arbitral Awards. The Grant Agreement shall contain whatever provisions are required to ensure, in respect of the CEB and in respect of the Beneficiary, compliance with any awards made in pursuance of the present Appendix. If, within one month after the originals of the award have been delivered to the Parties, the award has not been complied with, any of the Parties specified in Article 1.3 may institute proceedings for the enforcement of the award. The court which shall have jurisdiction for such proceedings shall be that designated by the rules of civil procedure of the State concerned. [APPENDIX E] [FORM OF LEGAL OPINION] Council of Europe Development Bank 00, xxxxxx Xxxxxx F-75116 Paris Attn: Projects Department Cc: Office of the General Counsel [INSERT DATE] Re: Grant Agreement between the Council of Europe Development Bank and [●] (Ref: [•]) Dear Sir or Madam, I, [●], in my condition of [INSERT TITLE (e.g., Minister of Justice, Head of Legal Services)], have acted as legal advisor as to matters of [INSERT JURISDICTION] law to [●] (the “Beneficiary”) in relation to the grant agreement between the Council of Europe Development Bank (the “CEB”) and the Beneficiary dated [●] and effective as of [●] (the “Agreement”) and deliver this opinion pursuant to Article [●] of the Agreement. For the purposes of this opinion, we have examined an original copy of the Agreement and such other documents, acts or treaties as we have considered necessary or desirable to examine in order to give this opinion. Terms defined in the Agreement shall have the same meaning herein, unless otherwise specified. Based on the foregoing, I am of the opinion that: [Status and incorporation. The Beneficiary is a [INSERT CORPORATE FORM OF THE BORROWER], duly organised and validly existing under the laws of [INSERT JURISDICTION], having its registered office at [●], and registered with [INSERT THE NAME OF TRADE/COMPANIES REGISTER] under registration number [●].]2
Enforcement of Arbitral Awards. The courts of the Cayman Islands will recognise and enforce arbitral awards made pursuant to an arbitration agreement in a jurisdiction which is a party to the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the New York Convention). Hong Kong and the Cayman Islands are parties to the New York Convention with the result that an arbitral award made in Hong Kong against the Company pursuant to any relevant Transaction Document will be recognised and enforced in the Cayman Islands unless the Company proves that:
AutoNDA by SimpleDocs
Enforcement of Arbitral Awards. The loan agreement and the guarantee agreement shall contain wha- tever provisions are required to ensure, in respect of the Bank and in respect of the borrower and the guarantor, compliance with any awards made in pursuance of this chapter. If, within one month after the originals of the award have been de- livered to the parties, the award has not been complied with, any of the parties specified in Article 4.3 may institute proceedings for the enforcement of the award. The court which shall have jurisdiction for such proceedings shall be that designated by the rules of civil procedure of the State concerned. APPENDIX B Partner Country Croatia Sub-Project name Reconstruction and Extension of a home for the elderly and disabled people in Glina for 75 persons Sub-Project reference number HR3 (2013) CEB’s internal reference number: 9203 Date of submission of Sub-Project Applica- tion Form 28 June 2013 Contracting Autho- rities The State Office for Reconstruction and Housing Date of approval by National Steering Committee 11 June 2013 Date of the UNHCR evaluation 28 June 2013 Sub-project description Članak 4.4 Mjesto arbitraže Prvo zasjedanje arbitražnog suda održava se se na takav datum i na takvom mjestu koje odredi izabrani xxxxx. Prema tome, sud će se odlučiti gdje i kada će se održati prvo zasjedanje.
Enforcement of Arbitral Awards. The loan agreement and the guarantee agreement shall contain whatever provisions are required to ensure, in respect of the Bank and in respect of the borrower and the guarantor, compliance with any awards made in pursuance of this chapter. If, within one month after the originals of the award have been delivered to the parties, the award has not been complied with, any of the parties specified in Article 4.3 may institute proceedings for the enforcement of the award. The court which shall have jurisdiction for such proceedings shall be that designated by the rules of civil procedure of the State concerned. CHAPTER 5

Related to Enforcement of Arbitral Awards

  • Litigation and Unilateral Commencement of Arbitration Notwithstanding the foregoing provisions of this Article VII, (a) a Party may seek preliminary provisional or injunctive judicial relief with respect to a Dispute without first complying with the procedures set forth in Section 7.1, Section 7.2 and Section 7.3 if such action is reasonably necessary to avoid irreparable damage and (b) either Party may initiate arbitration before the expiration of the periods specified in Section 7.2 and Section 7.3 if (i) such Party has submitted a Mediation Request or Arbitration Request, as applicable, and the other party has failed, within the applicable periods set forth in Section 7.3, to agree upon a date for the first mediation session to take place within thirty (30) days after the appointment of such mediator or such longer period as the Parties may agree to in writing or (ii) such Party has failed to comply with Section 7.3 in good faith with respect to commencement and engagement in arbitration. In such event, the other Party may commence and prosecute such arbitration unilaterally in accordance with the CPR Arbitration Procedure.

  • Costs of Arbitration Each party shall bear one half the cost of the arbitration filing and hearing fees, and the cost of the arbitrator.

  • Compensation of Arbitrator Any such arbitration will be conducted before a single arbitrator who will be compensated for his or her services at a rate to be determined by the parties or by the American Arbitration Association, but based upon reasonable hourly or daily consulting rates for the arbitrator in the event the parties are not able to agree upon his or her rate of compensation.

  • Appointment of Arbitrator When a Party has requested that a grievance be submitted to arbitration, an arbitrator shall be selected from the following list: Xxxxx Xxxxxxx Xxxx Xxxxxx Xxx Xxxxxxxx

  • Scope of Arbitration The Executive expressly understands and agrees that claims subject to arbitration under this section include asserted violations of the Employee Retirement and Income Security Act of 1974; the Age Discrimination in Employment Act; the Older Worker’s Benefit Protection Act; the Americans with Disabilities Act; Title VII of the Civil Rights Act of 1964 (as amended); the Family and Medical Leave Act; any law prohibiting discrimination, harassment or retaliation in employment; any claim of promissory estoppel or detrimental reliance, defamation, intentional infliction of emotional distress; or the public policy of any state, or any federal, state or local law.

  • Selection of Arbitrators 1. Unless the disputing parties otherwise agree, the tribunal shall comprise three arbitrators:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!