Common use of Initiation of Proceedings Clause in Contracts

Initiation of Proceedings. (1) Any dispute relating to the interpretation or application of the Agreement shall be settled, as far as possible, through diplomatic channels. (2) If the parties can’t settle their dispute through diplomatic channels within a period of three months from the date of notification, the dispute can be submitted to a joint commission consisting of the representatives of the two Contracting Parties. This commission shall convene, without undue delay, at the request of one of the Contracting Parties. (3) If the joint commission can’t settle the dispute, the dispute may be submitted to an arbitral tribunal not earlier than 60 days after such request has been notified to the other Contracting Party. (4) A Contracting Party may not initiate proceedings under this Part for a dispute regarding the infringement of rights of an investor which that investor has submitted to arbitration under Part One of Chapter Two of this Agreement, unless the other Contracting Party has failed to abide by and comply with the award rendered in that dispute or those proceedings have terminated without resolution by an arbitral tribunal of the investor's claim.

Initiation of Proceedings. (1) Any dispute relating to the interpretation or application of the Agreement shall be settled, as far as possible, through diplomatic channels. (2) If the parties can’t n't settle their dispute through diplomatic channels within a period of three months from the date of notification, the dispute can be submitted to a joint commission consisting of the representatives of the two Contracting Parties. This commission shall convene, without undue delay, at the request of one of the Contracting Parties. (3) If the joint commission can’t n't settle the dispute, the dispute may be submitted to an arbitral tribunal not earlier than 60 days after such request has been notified to the other Contracting Party. (4) A Contracting Party may not initiate proceedings under this Part for a dispute regarding the infringement of rights of an investor which that investor has submitted to arbitration under Part One of Chapter Two of this Agreement, unless the other Contracting Party has failed to abide by and comply with the award rendered in that dispute or those proceedings have terminated without resolution by an arbitral tribunal of the investor's claim.Part One of Chapter Two of this Agreement, unless the other Contracting Party has failed to abide by and comply with the award rendered in that dispute or those proceedings have terminated without resolution by an arbitral tribunal of the investor's claim.