Common use of Functions of Arbitral Panels Clause in Contracts

Functions of Arbitral Panels. 1. An arbitral panel established under Article 14.7: (a) shall make its report in accordance with this Agreement and applicable rule of international law; (b) shall set out, in its report, its findings of facts and law, together with its reasons therefore; and (c) may, in addition to its findings of facts and law, include in its report, recommendations for the Parties to consider in implementing the findings. 2. The report of the arbitral panel shall be final and binding on the Parties. 3. The arbitral panel shall attempt to make its decision, including its report, by consensus but may also make such decisions by majority vote.

Appears in 5 contracts

Samples: Free Trade Agreement, Free Trade Agreement, Dispute Settlement Agreement

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