Common use of Means of Settlement, Time Periods Clause in Contracts

Means of Settlement, Time Periods. (1) Such a dispute should, if possible, be settled by negotiation or consultation. If it is not so settled, the investor may choose to submit it for resolution: (a) To the competent courts or administrative tribunals of the Contracting Party to the dispute; (b) In accordance with any applicable previously agreed dispute settlement procedure, or (c) In accordance with this Article to: (i) The International Centre for Settlement of Investment Disputes ("the Centre"), established pursuant to the Convention of the Settlement of Investment Disputes between States and nationals of other States ("the ICSID Convention"), if the Contracting Party of the investor and the Contracting Party to the dispute are both parties to the ICSID Convention; (ii) The Centre under the rules governing the Additional Facility for the Administration of Proceedings by the Secretariat of the Centre, if the Contracting Party of the investor or the Contracting Party to the dispute, but not both, is a party to the ICSID Convention; (iii) A sole arbitrator or an ad hoc arbitration tribunal established under the Arbitration Rules of the United Nations Commission on International Trade Law ("UNCITRAL"); (iv) The International Chamber of Commerce, by a sole arbitrator or an ad hoc tribunal under its rules of arbitration. (2) A dispute may be submitted for resolution pursuant to paragraph 1 (c) of this Article after 60 days from the date of notice of intent to do so was provided to the Contracting Party, party to the dispute, but not later than 5 years from the date the investor first acquired or should have acquired knowledge of the events which gave rise to the dispute.

Means of Settlement, Time Periods. (1) Such a dispute should, if possible, be settled by negotiation or consultation. If it is not so settled, the investor may choose to submit it for resolution: (a) To to the competent courts or administrative tribunals of the Contracting Party to the dispute; (b) In in accordance with any applicable previously agreed dispute settlement procedure, or (c) In in accordance with this Article to: (i) The the International Centre for Settlement of Investment Disputes ("“the Centre"”), established pursuant to the Convention of the Settlement of Investment Disputes between States and nationals of other States ("“the ICSID Convention"”), if the Contracting Party of the investor and the Contracting Party to the dispute are both parties to the ICSID Convention; (ii) The the Centre under the rules governing the Additional Facility for the Administration of Proceedings by the Secretariat of the Centre, if the Contracting Party of the investor or the Contracting Party to the dispute, but not both, is a party to the ICSID Convention; (iii) A a sole arbitrator or an ad hoc arbitration tribunal established under the Arbitration Rules of the United Nations Commission on International Trade Law ("“UNCITRAL"”); (iv) The the International Chamber of Commerce, by a sole arbitrator or an ad hoc tribunal under its rules of arbitration. (2) A dispute may be submitted for resolution pursuant to paragraph 1 (c) of this Article after 60 days from the date of notice of intent to do so was provided to the Contracting Party, party to the dispute, but not later than 5 years from the date the investor first acquired or should have acquired knowledge of the events which gave rise to the dispute.

Means of Settlement, Time Periods. (1) Such A dispute between a dispute shouldContracting Party and an investor of the other Contracting Party, shall, if possible, be settled by negotiation or consultation. If it is such a dispute cannot be so settled, the investor may choose to submit it the dispute for resolution: (a) To the competent courts or administrative tribunals of the Contracting Party Party, party to the dispute;; or (b) In accordance with any applicable previously agreed dispute settlement procedure, ; or (c) In accordance with this Article to: (i) The International Centre for Settlement of Investment Disputes ("the Centre"), established pursuant to the Convention of on the Settlement of Investment Disputes between States and nationals Nationals of other Other States ("the ICSID Convention"), if the Contracting Party of the investor and the Contracting Party Party, party to the dispute dispute, are both parties to the ICSID Convention;; or (ii) The Centre under the rules governing the Additional Facility for the Administration of Proceedings by the Secretariat of the Centre, if the Contracting Party of the investor or the Contracting Party Party, party to the dispute, but not both, is a party to the ICSID Convention;; or (iii) A sole arbitrator or an ad hoc arbitration tribunal established under the Arbitration Rules of the United Nations Commission on International Trade Law ("UNCITRAL");; or (iv) The International Chamber of Commerce, by a sole arbitrator or an ad hoc tribunal under its rules of arbitration. (2) A dispute may be submitted for resolution pursuant to paragraph 1 (c) of this Article after 60 days from the date of notice of intent to do so was provided to the Contracting Party, party to the dispute, but not later than 5 five years from the date the investor first acquired or should have acquired knowledge of the events which gave rise to the dispute.