Common use of Implementation of the Award Clause in Contracts

Implementation of the Award. 1. The Party concerned shall promptly comply with the award of the arbitration panel. If it is impracticable to comply immediately, the parties to the dispute shall endeavour to agree on a reasonable period of time to do so. In the absence of such agreement within 30 days from the date of the award, either party to the dispute may, within 10 days from the expiration of such period, request the original arbitration panel to determine the length of the reasonable period of time. 2. The Party concerned shall notify the other party to the dispute of the measure adopted in order to implement the award. 3. If the Party concerned fails to comply with the award within a reasonable period of time and the parties to the dispute have not agreed on any compensation, the other party to the dispute may, until the award has been properly implemented or the dispute has been otherwise resolved, and subject to a prior notification of 30 days, suspend the application of benefits granted under this Agreement, but only equivalent to those affected by the measure that the arbitration panel has found to violate this Agreement. 4. Any dispute regarding the implementation of the award or the notified suspension shall be decided by the arbitration panel upon request of either party to the dispute before compensation can be sought or suspension of benefits can be applied. The arbitration panel may also rule on the conformity with the award of any implementing measures adopted after the suspension of benefits and whether the suspension of benefits should be terminated or modified. The ruling of the arbitration panel under this paragraph shall normally be given within 45 days from the date of receipt of the request.

Appears in 6 contracts

Samples: Free Trade Agreement, Free Trade Agreement, Free Trade Agreement

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Implementation of the Award. 1. The Party concerned shall promptly comply with the award of the arbitration panel. If it is impracticable to comply immediately, the parties to the dispute shall endeavour to agree on a reasonable period of time to do so. In the absence of such agreement within 30 days from the date of the award, either party to the dispute may, within 10 ten days from the expiration of such period, request the original arbitration panel to determine the length of the reasonable period of time. 2. The Party concerned shall notify the other party to the dispute of the measure adopted in order to implement the award. 3. If the Party concerned fails to comply with the award within a reasonable period of time and the parties to the dispute have not agreed on any compensation, the other party to the dispute may, until the award has been properly implemented or the dispute has been otherwise resolved, and subject to a prior notification of 30 days, suspend the application of benefits granted under this Agreement, but only equivalent to those affected by the measure that the arbitration panel has found to violate this Agreement. 4. Any dispute regarding the implementation of the award or the notified suspension shall be decided by the arbitration panel upon request of either party to the dispute before compensation can be sought or suspension of benefits can be applied. The arbitration panel may also rule on the conformity with the award of any implementing measures adopted after the suspension of benefits and whether the suspension of benefits should be terminated or modified. The ruling of the arbitration panel under this paragraph shall normally be given within 45 days from the date of receipt of the request.

Appears in 6 contracts

Samples: Free Trade Agreement, Free Trade Agreement, Free Trade Agreement

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Implementation of the Award. 1. The Party concerned shall promptly comply with the award of the arbitration panel. If it is impracticable to comply immediately, the parties to the dispute shall endeavour to agree on a reasonable period of time to do so. In the absence of such agreement within 30 days from the date of the award, either party to the dispute may, within 10 ten days from the expiration of such period, request the original arbitration panel to determine the length of the reasonable period of time. 2. The Party concerned shall notify the other party to the dispute of the measure adopted in order to implement the award. 3. If the Party concerned fails to comply with the award within a reasonable period of time and the parties to the dispute have not agreed on any compensation, the other party to the dispute may, until the award has been properly implemented or the dispute has been otherwise resolved, and subject to a prior notification of 30 days, suspend the application of benefits granted under this Agreement, but only equivalent to those affected by the measure that the arbitration panel has found to violate this Agreement. 4. Any dispute regarding the implementation of the award or the notified suspension shall be decided by the arbitration panel upon request of either party to the dispute before compensation can be sought or suspension of benefits can be applied. The arbitration panel may also rule on the conformity with the award of any implementing measures adopted after the suspension of benefits and whether the suspension of benefits should be terminated or modified. The ruling of the arbitration panel under this paragraph shall normally be given within 45 days from the date of receipt of the request.

Appears in 1 contract

Samples: Free Trade Agreement

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