Common use of Means of Settlement Clause in Contracts

Means of Settlement. 1. This Section shall apply to disputes between a Contracting Party and an investor of the other Contracting Party arising from an alleged breach of an obligation set forth in Chapter II of this Agreement. Any dispute should, if possible, be settled by consultation. If it is not so settled within six months, the investor may choose to submit it for resolution: (a) to any court or administrative tribunal of the disputing Contracting Party, or (b) by arbitration in accordance with this Section. 2. If the investor, or an enterprise that an investor owns or controls, submits the dispute referred to in paragraph 1 above to any court or administrative tribunal of the disputing Contracting Party, the same dispute may not be submitted to international arbitration as provided in this Section.

Means of Settlement. 1. This Section shall apply to disputes between a Contracting Party and an investor of the other Contracting Party arising from an alleged breach of an obligation set forth in Chapter II of this Agreement. Any dispute should, if possible, be settled by consultation. If it is not so settled within six months, the investor may choose to submit it for resolution: (a) to any court or administrative tribunal of the disputing Contracting Party, or or (b) by b)by arbitration in accordance with this Section. 2. If the investor, or an enterprise that an investor owns or controls, submits the dispute referred to in paragraph 1 above to any court or administrative tribunal of the disputing Contracting Party, the same dispute may not be submitted to international arbitration as provided in this Section.