Common use of Final Award Clause in Contracts

Final Award. 1 Where a Tribunal makes a final award against the disputing Party, the Tribunal may award, separately or in combination, only: (a) monetary damages and any applicable interest; (b) restitution of property, in which case the award shall provide that the disputing Party may pay monetary damages and any applicable interest in lieu of restitution. The tribunal may also award costs in accordance with the applicable arbitration rules.

Appears in 7 contracts

Samples: Investment Promotion and Protection Agreement, Investment Promotion and Protection Agreement, Investment Agreement

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Final Award. 1 Where a Tribunal the tribunal makes a final award against the disputing Partya party, the Tribunal tribunal may award, separately or in combination, only: (a) monetary damages and any applicable interest;; and (b) restitution of property, in which case the award shall provide that the disputing Party party may pay monetary damages and any applicable interest in lieu of restitution. The tribunal may also award costs costs. and attorneys' fees in accordance with this Agreement and the applicable arbitration rules. The tribunal may not award punitive damages.

Appears in 7 contracts

Samples: Investment Protection Agreement, Investment Protection Agreement, Investment Promotion and Protection Agreement

Final Award. 1 Where a Tribunal makes a final award against the a disputing Party, the Tribunal may award, separately or in combination, only: (a) monetary damages and any applicable interest; (b) restitution of property, in which case the award shall provide that the disputing Party may pay monetary damages and any applicable interest in lieu of restitution. The tribunal may also award costs in accordance with the applicable arbitration rules.

Appears in 6 contracts

Samples: Economic Partnership Agreement, Economic Partnership Agreement, Economic Partnership Agreement

Final Award. 1 Where a Tribunal makes a final award against the disputing Party, the Tribunal may award, separately or in combination, only: (a) monetary damages and any applicable interest; (b) restitution of property, in which case the award shall provide that the disputing Party may pay monetary damages and any applicable interest in lieu of restitution. The tribunal may also award costs in accordance with the applicable arbitration rules.

Appears in 2 contracts

Samples: Investment Agreement, Investment Agreement

Final Award. 1 Where a 1. If the Tribunal makes a final award against the a disputing Party, the Tribunal may award, separately or in combination, only: (a) monetary damages and any applicable interest;; or (b) restitution of property, in which case the award shall provide that the disputing Party may pay monetary damages and any applicable interest in lieu of restitution. The tribunal Tribunal may also award costs in accordance with the applicable arbitration rules. 2. The Tribunal shall not order a disputing Party to pay punitive damages.

Appears in 1 contract

Samples: Free Trade Agreement

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Final Award. 1 Where 1. If a Tribunal makes a final award against the disputing respondent Party, in respect of its finding of liability, the Tribunal may award, separately or in combination, only: : o (a) monetary damages and any applicable interest; (b) restitution of property, in which case the award shall provide that the disputing Party may pay monetary damages and any applicable interest in lieu of restitution. The tribunal may also award costs in accordance with the applicable arbitration rules.; and

Appears in 1 contract

Samples: Investment Agreement

Final Award. 1 1. Where a Tribunal tribunal makes a final award against the disputing Party, the Tribunal tribunal may only award, separately or in combination, only: (a) monetary compensation for pecuniary damages and any applicable the corresponding interest; (b) restitution of property, in which case the award shall provide that the disputing Party may pay monetary damages and any applicable interest in lieu of restitution. The tribunal may also award costs in accordance with the applicable arbitration rules.

Appears in 1 contract

Samples: Free Trade Agreement

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