Legal venue. The Parties shall seek to resolve by negotiation any dispute arising out of or in connection with this Agreement, including any disputes regarding the existence, validity or termination hereof, and regarding any claims raised as a consequence of a dispute. If the Parties are unable to resolve a dispute by negotiation within 20 Business Days from the date when a Party presents a request for negotiation, the dispute shall be finally settled by arbitration administrated by The Danish Institute of Arbitration in accordance with the rules of arbitration procedure adopted by The Danish Institute of Arbitration and in force at the time when such proceedings are commenced. The arbitral tribunal shall be composed of three arbitrators. Each Party will pro- pose an arbitrator and must strive to propose an arbitrator who has knowledge of the gas industry. The chairman of the tribunal will be appointed by the Danish Institute of Arbitration. The place of arbitration shall be Copenhagen, Denmark. The language to be used in the arbitral proceedings shall be English.
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Samples: Capacity Agreement, Capacity Agreement, Capacity Agreement
Legal venue. The Parties parties shall seek to resolve by negotiation any dispute arising out all disputes between the parties regarding the interpretation or breach of or in connection with this Agreementagreements, including any disputes regarding the existence, validity or termination hereof, and regarding any claims raised as a consequence of a disputedisputes. If the Parties parties are unable to resolve a dispute by negotiation within 20 Business Days from of the date when a Party presents on which a request for negotiationnegotiation was presented by a party, the dispute shall be finally settled by arbitration administrated by The Danish Institute of Arbitration in accordance with the rules Rules of arbitration procedure adopted by The Procedure for Arbitration of the Danish Institute of Arbitration and in force at Arbitration, unless the time when such proceedings are commenceddispute falls within the jurisdiction of another court of law or public authority. The arbitral arbitration tribunal shall be composed consist of three arbitratorsarbitrators who shall fulfil the requirement to arbitrators in the abovementioned Rules of Procedure. Each Party will pro- pose party shall propose an arbitrator arbitration judge and must shall strive to propose an arbitrator arbitration judge who has knowledge of the natural gas industry. The chairman of the arbitral tribunal will shall be appointed proposed by the Danish Institute of Arbitration. The place court of arbitration shall be set in Copenhagen, Denmark. The language to be used in the arbitral arbitration proceedings shall be Englishconducted in the Danish language.
Appears in 2 contracts
