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 my choose to submit it for resolution: a) to the competent courts or administrative tribunals of the Contracting Party, 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 established pursuant to the Convention on the Settlement of Investment Disputes between States and Nationals of other States opend for signature in Washington on 18th March 1965 ("the ICSID Convention"), if the Contracting Party of the investor and the Contracting Party, party to the dispute are both parties to the ICSID Convention; ii) a sole arbitrator or an ad hoc aritration tribunal established under the Arbitration Rules of the United Nations Commission on International Trade Law (“UNCITRAL”). iii) 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 notice of intent to do so was provided to the Contracting Party, party to the dispute, but not later than five 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 my choose to submit it for resolution: a) to To the competent courts or administrative tribunals of the Contracting Party, 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 established pursuant to the Convention on the Settlement of Investment Disputes between States and Nationals of other States opend for signature in Washington on 18th March 1965 ("the ICSID Convention"), if the Contracting Party of the investor and the Contracting Party, party to the dispute are both parties to the ICSID Convention; ii) a A sole arbitrator or an ad hoc aritration tribunal established under the Arbitration Rules of the United Nations Commission on International Trade Law (“"UNCITRAL”"). iii) 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 notice of intent to do so was provided to the Contracting Party, party to the dispute, but not later than five years from the date the investor first acquired or should have acquired knowledge of the events which gave rise to the dispute.