GOVERNING LAW, SETTLEMENT OF DISPUTES. Parties shall agree to settle the disputes relating to the framework contract primarily via amicable negotiation. Failing such settlement in any disputes arising from or relating to the contract or its breach, termination, validity or interpretation, both parties hereby agree to subject themselves to the exclusive jurisdiction of the Arbitration Court in the Energy (Budapest), provided that the Court of Arbitration proceeds according to its own Rules of Procedure. The number of arbitrators shall be three. The language of procedure shall be Hungarian.
GOVERNING LAW, SETTLEMENT OF DISPUTES. The provisions of Hungarian law shall apply to both the contract and any arising disputes. Parties shall agree to settle the disputes relating to the Natural Gas Storage Contract primarily via amicable negotiation. Failing such settlement in any disputes arising from or relating to the Natural Gas Storage Contract or its breach, termination, validity or interpretation, both parties hereby agree to subject themselves to the exclusive jurisdiction of the Arbitration Court in the Energy (Budapest), provided that the Court of Arbitration proceeds according to its own Rules of Procedure. The number of arbitrators shall be three. The language of procedure shall be Hungarian.
GOVERNING LAW, SETTLEMENT OF DISPUTES. Jurisdiction, Arbitration (Section 11(1) and (2) of the General Provisions) The law governing the Agreement is law. Settlement of Disputes: Jurisdiction2: The court(s) referred to in Section 11(2) is/are . Arbitration3: The rules of arbitration referred to in Section 11(2) are the Rules of Arbitration of4 [Euro Arbitration – European Center for Financial Dispute Resolution] [the International Chamber of Commerce] §§ [other]§§ [with which each party agrees to comply]. The parties agree to submit those disputes to [a single] [three] arbitrator[s]. Such arbitration shall take place in . The language[s] in which arbitration shall be conducted [is] [are] .
GOVERNING LAW, SETTLEMENT OF DISPUTES. The provisions of Hungarian law shall apply to both the contract and any arising disputes. Parties shall agree to settle the disputes between each other in relation to the Natural Gas Storage Contract primarily via amicable negotiation. Failing such settlement in any dispute arising from or relating to this contract, with particular regard to its breach, termination, validity or interpretation, parties hereby exclude the state court procedure and agree to subject themselves to the exclusive and final jurisdiction of the Permanent Court of Arbitration (Commercial Arbitration Court Budapest) operating at the Hungarian Chamber of Commerce and Industry, provided that the Court of Arbitration proceeds according to its own Rules of Procedure (supplemented with the provisions of the Sub-Rules of Expedited Proceedings). The number of arbitrators shall be three and the language of procedure shall be Hungarian. Parties exclude the possibility of the retrial of the proceedings as regulated by Chapter IX of Act No. LX of 2017 on Arbitration. In order to settle the legal dispute, the Hungarian substantive law shall apply, excluding its private international law rules. The language of procedure shall be Hungarian. IX ENTRY INTO FORCE This contract shall be concluded and effective upon signature. X MISCELLANEOUS PROVISIONS Contact Persons In issues related to the Contract: On behalf of MFGT: Phone: Fax: email: On behalf of the System User: Phone: Fax: email: In issues of daily operative contact: On behalf of the System User: Phone: Fax: email: On behalf of MFGT: Storage Dispatching Service Phone: 0000 00 000-000 Fax: 0000 00 000-000 email: xxxxxxxxxx@xxxx.xx This Contract shall be valid together with the attached annexes, which shall form an inseparable part thereof. Budapest, Hungarian Gas Storage Ltd. System User ..................................................................... ……………………………..……………………………………. Annexes: Annex No. 1: Successful bid submitted by the System User during the Auction Annex No. 2: Capacity fees payable by the System Users Annex No. 3: Declaration Annex No. 2
GOVERNING LAW, SETTLEMENT OF DISPUTES. 1. The provisions of Hungarian law shall apply to the contract, to any arising disputes and to the settlement thereof.
GOVERNING LAW, SETTLEMENT OF DISPUTES. This Agreement shall be governed by and construed in accordance with the laws of without any reference to the choice-of-law provision. Versasec and LICENSEE shall attempt to settle any claim or controversy arising through consultation and negotiation in good faith and the spirit of mutual co-operation. All disputes arising out of the interpretation or performance of this Agreement, which the parties cannot settle amicably shall be submitted to the courts in .
GOVERNING LAW, SETTLEMENT OF DISPUTES. The provisions of Hungarian law shall apply to the contract, to any arising disputes and to the settlement thereof. Parties shall agree to settle the disputes relating to the Natural Gas Storage Contract primarily via amicable negotiation. Failing such settlement in any disputes arising from or relating to the Natural Gas Storage Contract or its breach, termination, validity or interpretation, both parties hereby agree to subject themselves to the exclusive jurisdiction of the Arbitration Court in the Energy (Budapest), provided that the Court of Arbitration proceeds according to its own Rules of Procedure. The number of arbitrators shall be three. The language of procedure shall be Hungarian. IX ENTRY INTO FORCE This contract shall be concluded and effective upon signature. X MISCELLANEOUS PROVISIONS Contact Persons In issues related to the Contract: On behalf of MFGT: Phone: Fax: email: On behalf of the System User: Phone: Fax:
GOVERNING LAW, SETTLEMENT OF DISPUTES. Jurisdiction, Arbitration (Section 11(1) and (2) of the General Provisions) The law governing the Agreement is law. Settlement of Disputes: Jurisdiction2: The court(s) referred to in Section 11(2) is/are [Municipal Court in Prague]. Arbitration3: The rules of arbitration referred to in Section 11(2) are the Rules of Arbitration of4 [The arbitration court attached to the Economic Chamber of the Czech Republic and Agricultural Chamber of the Czech Republic] [Euro Arbitration – European Center for Financial Dispute Resolution] [the International Chamber of Commerce] §§ [other]§§ [with which each party agrees to comply]. The parties agree to submit those disputes to [a single] [three] arbitrator[s]. Such arbitration shall take place in [Prague]. The language[s] in which arbitration shall be conducted [is] [are] [Czech / English].
GOVERNING LAW, SETTLEMENT OF DISPUTES. This Order shall be governed, interpreted and construed in accordance with the laws of the State of Maryland without regard to the conflicts or choice of law provisions thereof. In the event that the parties cannot, after diligent, good-faith efforts, amicably settle any dispute arising under this Order, then said dispute shall be submitted to binding arbitration. Arbitration shall be in accordance with the Commercial rules of the American Arbitration Association before a three member arbitration panel located in the state of Maryland. The site of arbitration proceedings shall be determined by Buyer in any such proceeding. The three member arbitration panel shall be comprised of one panel member chosen by Seller, one panel member chosen by Xxxxx, and a third panel member shall be chosen by agreement between the other two panel members from a list of qualified arbitrators provided by the American Arbitration Association. Each party shall designate a panel member within thirty (30) days after the dispute is submitted to arbitration. If either party fails to designate a panel member or, the arbitration shall proceed with the one panel member designated acting alone. If the arbitrators appointed by the parties cannot agree on the third panel member, within seven (7) days, the third arbitrator shall be appointed by the American Arbitration Association. The decision of the arbitrators shall be final and enforceable in any court of competent jurisdiction. The costs of arbitration shall be paid by the party or parties as determined by the arbitrators. Pending resolution of any dispute hereunder, Seller shall continue performance in accordance with the written direction of Xxxxx.
GOVERNING LAW, SETTLEMENT OF DISPUTES. The provisions of Hungarian law shall apply to the contract, to any arising disputes and to the settlement thereof. The Parties shall agree to settle the disputes relating to this Contract primarily via amicable negotiation. Payment, guarantee and financial guarantee conditions not regulated by the Tariff Decrees or the Code of Business Conduct of MFGT shall be determined according to the agreement between the Parties. Failing such settlement in any disputes arising from or relating to this Contract or its breach, termination, validity or interpretation, both parties hereby agree to subject themselves to the exclusive jurisdiction of the Arbitration Court in the Energy (Budapest), provided that the Court of Arbitration proceeds according to its own Rules of Procedure. The number of arbitrators shall be three. The language of procedure shall be Hungarian. VII ENTRY INTO FORCE This Contract shall be concluded and effective upon signature. VIII MISCELLANEOUS PROVISIONS Contact Persons In issues related to the Contract: On behalf of the System User: Phone: Fax:
