Common use of ESTONIA Clause in Contracts

ESTONIA. If the requirements in Section 8.6 of the Agreement to conduct an arbitration in Texas in accordance with Texas law and the rules of the Federal Arbitration Act or the Commercial Arbitration Rules of the American Arbitration Association are found to be invalid or unenforceable, all disputes arising in connection with this Agreement will be finally settled by arbitration that will be held in Helsinki, Finland in accordance with the arbitration laws of Finland then in effect. Each party will appoint one arbitrator, and the two arbitrators shall appoint the third arbitrator to serve as the chairman. The official language of the proceedings shall be English and the decision of the arbitrators shall be final. Any other requirements set forth in Section 8.6 of the Agreement shall remain in full force and effect to the extent permitted by applicable law.

ESTONIA. If the requirements in Section 8.6 10.6 of the Agreement to conduct an arbitration in Texas in accordance with Texas law and the rules of the Federal Arbitration Act or the Commercial Arbitration Rules of the American Arbitration Association are found to be invalid or unenforceable, all disputes arising in connection with this Agreement will be finally settled by arbitration that will be held in Helsinki, Finland in accordance with the arbitration laws of Finland then in effect. Each party will appoint one arbitrator, and the two arbitrators shall appoint the third arbitrator to serve as the chairman. The official language of the proceedings shall be English and the decision of the arbitrators shall be final. Any other requirements set forth in Section 8.6 10.6 of the Agreement shall remain in full force and effect to the extent permitted by applicable law.