Common use of Finality and Enforcement of an Award Clause in Contracts

Finality and Enforcement of an Award. 1. An award made by a Tribunal has no binding force except between the disputing parties and in respect of that particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, a disputing party shall abide by and comply with an award without delay. 3. A disputing party may not seek enforcement of a final award until: (a) in the case of a final award made under the ICSID Convention: (i) 120 days have elapsed from the date the award was rendered, provided that a disputing party has not requested the award be revised or annulled, or (ii) revision or annulment proceedings have been completed; and (b) in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: (i) 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside or annul the award, or (ii) a court has dismissed or allowed an application to revise, set aside or annul the award and there is no further appeal. 4. Each Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted to arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.

Finality and Enforcement of an Award. 1. An award made by a Tribunal has shall have no binding force except between the disputing parties and in respect of that particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, ,a disputing party shall abide by and comply with an award without delay. 3. A disputing party may not seek enforcement of a final award until: (a) in the case of a final award made under the ICSID Convention: (i) 120 days have elapsed from the date the award was rendered, provided that a rendered and no disputing party has not requested revision or annulment of the award be revised or annulledaward, or (ii) revision or annulment proceedings have been completed; and (b) in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: (i) 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside or annul the award, or (ii) a court has dismissed or allowed an application to revise, set aside or annul the award and there is no further appeal. 4. Each Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted to arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.

Finality and Enforcement of an Award. 1. An award made by a Tribunal has shall have no binding force except between the disputing parties and in respect of that particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, a disputing party shall abide by and comply with an award without delay. 3. A disputing party may not seek enforcement of a final award until: (a) in the case of a final award made under the ICSID Convention: (i1) 120 days have elapsed from the date the award was rendered, provided that a rendered and no disputing party has not requested revision or annulment of the award be revised or annulledaward, or (ii2) revision or annulment proceedings have been completed; and (b) in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: (i1) 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside or annul the award, or (ii2) a court has dismissed or allowed an application to revise, set aside or annul the award and there is no further appeal. 4. Each Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted to arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.

Finality and Enforcement of an Award. 1. An award made by a Tribunal has no binding force except between the disputing parties and in respect of that particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, a disputing party shall abide by and comply with an award without delay. 3. A disputing party may not seek enforcement of a final award until: (a) 1. in the case of a final award made under the ICSID Convention: (i) a. 120 days have elapsed from the date the award was rendered, provided that a disputing party has not requested the award be revised or annulled, or (ii) or b. revision or annulment proceedings have been completed; and (b) 2. in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: (i) a. 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside or annul the award, or (ii) b. a court has dismissed or allowed an application to revise, set aside or annul the award and there is no further appeal. 4. Each Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted to arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.

Finality and Enforcement of an Award. 1. An award made by a Tribunal has no binding force except between the disputing parties and in respect of that particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, a disputing party shall abide by and comply with an award without delay. 3. A disputing party may not seek enforcement of a final award until: (a) a. in the case of a final award made under the ICSID Convention: (i) i. 120 days have elapsed from the date the award was rendered, provided that a disputing party has not requested the award be revised or annulled, or (or ii) . revision or annulment proceedings have been completed; and (b) b. in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: (i) i. 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside or annul the award, or (ii) . a court has dismissed or allowed an application to revise, set aside or annul the award and there is no further appeal. 4. Each Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted to arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.

Finality and Enforcement of an Award. 1. An award made by a Tribunal has shall have no binding force except between the disputing parties and in respect of that particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, a ,the disputing party shall parties must abide by and comply with an award without delay. 3. A disputing party may not seek enforcement of a final award until: (a) in the case of a final award made under the ICSID Convention: : O (i) 120 days have elapsed from the date the award was rendered, provided that a disputing party has not requested the award be revised or annulled, or or O (ii) revision or annulment proceedings have been completed; and (b) in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: : O (i) 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside or annul the award, or or O (ii) a court has dismissed or allowed an application to revise, set aside aside, or annul the award and there is no further appeal. 4. Each Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted to arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.

Finality and Enforcement of an Award.  1. An award made by a Tribunal has shall have no binding force except between the disputing parties and in respect of that particular case.  2. Subject to paragraph 3 and the applicable review procedure for an interim award, a disputing party shall abide by and comply with an award without delay.  3. A disputing party may not seek enforcement of a final award until: : o (a) in the case of a final award made under the ICSID Convention: :  (i) 120 days have elapsed from the date the award was rendered, provided that a disputing party has not requested the award be revised or annulled, or or  (ii) revision or annulment proceedings have been completed; and and o (b) in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: :  (i) 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside or annul the award, or or  (ii) a court has dismissed or allowed an application to revise, set aside or annul the award and there is no further appeal.  4. Each Contracting Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted to arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.

Finality and Enforcement of an Award. 1. An award made by a Tribunal has no binding force except between the disputing parties and in respect of that particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, a disputing party shall abide by and comply with an award without delay. 3. A disputing party may not seek enforcement of a final award until: (a) in the case of a final award made under the ICSID Convention: (i) 120 days have elapsed from the date the award was rendered, provided that a disputing party has not requested the award be revised or annulled, or (ii) revision or annulment proceedings have been completed; and (b) in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: (i) 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside or annul the awardaward at the place of arbitration, or (ii) a court has dismissed or allowed an application to revise, set aside or annul the award at the place of arbitration and there is no further appeal. 4. Each Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted to arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.

Finality and Enforcement of an Award. 1. An award made by a Tribunal has no binding force except between the disputing parties and in respect of that particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, a ,the disputing party parties shall abide by and comply with an award without delay. 3. A disputing party may not seek enforcement of a final award until: (a) in the case of a final award made under the ICSID Convention: (i) 120 days have elapsed from the date the award was rendered, provided that a disputing party has not requested the award be revised or annulled, or (ii) revision Revision or annulment proceedings have been completed; and (b) in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: (i) 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside or annul the award, or (ii) a A court has dismissed or allowed an application to revise, set aside or annul the award and there is no further appeal. 4. Each Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted to arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.

Finality and Enforcement of an Award. 1. An award made by a Tribunal has shall have no binding force except between the disputing parties and in respect of that the particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, a disputing party shall abide by and comply with an award without delay. 3. A disputing party may not seek enforcement of a final award until: (a) in the case of a final award made under the ICSID Convention: (i) 120 days have elapsed from the date the award was rendered, provided that a rendered and no disputing party has not requested revision or annulment of the award be revised or annulled, award; or (ii) revision or annulment proceedings have been completed; and (b) in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: (i) 90 days three months have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside or annul the award, ; or (ii) a court has dismissed or allowed an application to revise, set aside or annul the award and there is no further appeal. 4. Each Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted If a disputing Party fails to arbitration under this Section shall be considered to arise out abide by or comply with a final award, the Commission, on delivery of a commercial relationship or transaction for request by a Party whose investor was a party to the purposes of Article I of the New York Convention.arbitration, shall establish a panel under Article

Finality and Enforcement of an Award. 1. An award made by a the Tribunal has no does not have binding force except between the disputing parties and in respect of that particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, a disputing party shall abide by and comply with an award without delay. 3. A disputing party may shall not seek enforcement of a final award until: (a) in the case of a final award made under the ICSID Convention: (i) 120 days have elapsed from the date the award was rendered, provided that a rendered and no disputing party has not requested revision or annulment of the award be revised or annulled, award; or (ii) revision or annulment proceedings have been completed; andor (b) in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: (i) 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside aside, or annul the award, ; or (ii) a court has dismissed or allowed an application to revise, set aside aside, or annul the award award, and there is no further appeal. 4. Each Party shall provide for the enforcement of an award in its territory. 5. The mechanism for the settlement of investment disputes established under this Section is without prejudice to the rights and obligations of the Parties under Chapter 15 (Dispute Settlement). 6. A disputing party may seek to enforce an arbitration award under the ICSID Convention, or the New York Convention. 7. A claim that is submitted to arbitration under this Section shall be is considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.

Finality and Enforcement of an Award. 1. An award made by a Tribunal has shall have no binding force except between the disputing parties and in respect of that particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, a ,the disputing party shall parties must abide by and comply with an award without delay. 3. A disputing party may not seek enforcement of a final award until: (a) in the case of a final award made under the ICSID Convention: : o (i) 120 days have elapsed from the date the award was rendered, provided that a disputing party has not requested the award be revised or annulled, or or o (ii) revision or annulment proceedings have been completed; and and • (b) in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: : o (i) 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside or annul the award, or or o (ii) a court has dismissed or allowed an application to revise, set aside aside, or annul the award and there is no further appeal. 4. Each Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted to arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.

Finality and Enforcement of an Award. 1. An award made by a Tribunal has shall have no binding force except between the disputing parties and in respect of that particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, a disputing party shall abide by and comply with an award without delay. 3. A disputing party may not seek enforcement of a final award until: (a) in the case of a final award made under the ICSID Convention: (i) 120 days have elapsed from the date the award was rendered, provided that a disputing party has not requested the award be revised or annulled, or (ii) revision or annulment proceedings have been completed; and (b) in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: (i) 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside or annul the award, or (ii) a court has dismissed or allowed an application to reviseRevise, set aside or annul the award and there is no further appeal. 4. Each Contracting Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted to arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.

Finality and Enforcement of an Award. 1. An award made by a Tribunal has no binding force except between the disputing parties and in respect of that particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, a disputing party shall abide by and comply with an award without delay. 3. A disputing party may not seek enforcement of a final award until: (a) in the case of a final award made under the ICSID Convention: : o (i) 120 days have elapsed from the date the award was rendered, provided that a disputing party has not requested the award be revised or annulled, or or o (ii) revision or annulment proceedings have been completed; and and • (b) in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: : o (i) 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside or annul the award, or or o (ii) a court has dismissed or allowed an application to revise, set aside or annul the award and there is no further appeal. 4. Each Contracting Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted to arbitration under this Section Chapter shall be considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.

Finality and Enforcement of an Award. 1. An award made by a Tribunal has shall have no binding force except between the disputing parties and in respect of that particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, a disputing party shall abide by and comply with an award without delay. 3. A disputing party may not seek enforcement of a final award until: (a) in the case of a final award made under the ICSID Convention: (i) 120 days have elapsed from the date the award was rendered, provided that a disputing party has not requested the award be revised or annulled, or (ii) revision or annulment proceedings have been completed; and (b) in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: (i) : 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside or annul the award, or (ii) or a court has dismissed or allowed an application to revise, set aside or annul the award and there is no further appeal. 4. Each Contracting Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted to arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.

Finality and Enforcement of an Award. 1. An award made by a Tribunal has no binding force except between the disputing parties and in respect of that particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, a disputing party shall abide by and comply with an award without delay. 3. A disputing party may not seek enforcement of a final award until: (a) in the case of a final award made under the ICSID Convention: (i) 120 days have elapsed from the date the award was rendered, provided that a disputing party has not requested the award be revised or annulled, or (ii) revision or annulment proceedings have been completed; and (b) in the case of a final award under the ICSID Additional Facility Rules or the The UNCITRAL Arbitration Rules: (i) 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside or annul the award, or (ii) a court has dismissed or allowed an application to revise, set aside or annul the award and there is no further appeal. 4. Each Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted to arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.

Finality and Enforcement of an Award. 1. An award made by a Tribunal has no binding force except between the disputing parties and in respect of that particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, a disputing party shall abide by and comply with an award without delay. 3. A disputing party may shall not seek enforcement of a final award until: : o (a) in the case of a final award made under the ICSID Convention: 1. (i) 120 days have elapsed from the date the award was rendered, rendered provided that a disputing party has not requested the award be revised or annulled, or or 2. (ii) revision or annulment proceedings have been completed; and and o (b) in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: 1. (i) 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside aside, or annul the award, or (ii) a court has dismissed or allowed an application to revise, set aside or annul the award and there is no further appeal. 4. Each Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted to arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.

Finality and Enforcement of an Award. 1. An award made by a Tribunal has no binding force except between the disputing parties and in respect of that particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, a ,the disputing party parties shall abide by and comply with an award without delay. 3. A disputing party may not seek enforcement of a final award until: (a) in the case of a final award made under the ICSID Convention: : o (i) 120 days have elapsed from the date the award was rendered, provided that a disputing party has not requested the award be revised or annulled, or or o (ii) revision or annulment proceedings have been completed; and and • (b) in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: : o (i) 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside or annul the award, or or o (ii) a court has dismissed or allowed an application to revise, set aside or annul the award and there is no further appeal. 4. Each Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted to arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.

Finality and Enforcement of an Award. 1. An award made by a Tribunal has shall have no binding force except between the disputing parties and in respect of that particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, ,a disputing party shall abide by and comply with an award without delay. 3. A disputing party may not seek enforcement of a final award until: (a) in the case of a final award made under the ICSID Convention: : o (i) 120 days have elapsed from the date the award was rendered, provided that a rendered and no disputing party has not requested revision or annulment of the award be revised award, or annulled, or o (ii) revision or annulment proceedings have been completed; and and • (b) in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: : o (i) 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside or annul the award, or or o (ii) a court has dismissed or allowed an application to revise, set aside or annul the award and there is no further appeal. 4. Each Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted to arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.

Finality and Enforcement of an Award. 1. An award made by a Tribunal has no binding force except between the disputing parties and in respect of that particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, a disputing party shall abide by and comply with an award without delay. 3. A disputing party may not seek enforcement of a final award until: (a) a. in the case of a final award made under the ICSID Convention: (i) o i. 120 days have elapsed from the date the award was rendered, provided that a disputing party has not requested that the award be revised or annulled, or (or o ii) . revision or annulment proceedings have been completed; and (b) b. in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: (i) o i. 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside or annul the award, or (o ii) . a court has dismissed or allowed an application to revise, set aside or annul the award and there is no further appeal. 4. Each Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted to arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.

Finality and Enforcement of an Award. 1. An award made by a an Arbitral Tribunal has no binding force except between the disputing parties and in respect of that particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, a disputing party ,thedisputing parties shall abide by and comply with an award without delay. 3. A disputing party may not seek enforcement of a final award until: (a) a. in the case of a final award made under the ICSID Convention: (i) i. 120 days have elapsed from the date the award was rendered, provided that a disputing party has not requested the award be revised or annulled, or (or ii) . revision or annulment proceedings have been completed; and (b) b. in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: (i) i. 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside or annul the award, or (ii) . a court has dismissed or allowed an application to revise, set aside or annul the award and there is no further appeal. 4. Each Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted to arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.

Finality and Enforcement of an Award. 1. An award made by a Tribunal has no binding force except between the disputing parties and in respect of that particular case. 2. Subject to paragraph 3 and the applicable review procedure for an interim award, a disputing party shall abide by and comply with an award without delay. 3. A disputing party may shall not seek enforcement of a final award until: (a) in the case of a final award made under the ICSID Convention: (i) 120 days have elapsed from the date the award was rendered, rendered provided that a disputing party has not requested the award be revised or annulled, or (ii) revision or annulment proceedings have been completed; and (b) in the case of a final award under the ICSID Additional Facility Rules or the UNCITRAL Arbitration Rules: (i) 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside aside, or annul the award, or (ii) a court has dismissed or allowed an application to revise, set aside aside, or annul the award award, and there is no further appeal. 4. Each Party shall provide for the enforcement of an award in its territory. 5. A claim that is submitted to arbitration under this Section Article 27 (Submission of a Claim to Arbitration) shall be considered to arise out of a commercial relationship or transaction for the purposes of Article I of the New York Convention.