Common use of Neither of the Contracting Parties Clause in Contracts

Neither of the Contracting Parties. involved in a dispute, may raise an objection, at any step of the arbitration proceedings or enforcement of an arbitration sentence, because of the investor, who is the opposing party in the dispute, had received an indemnity covering wholly or partially of his losses under an insurance policy.

Neither of the Contracting Parties. involved in which is a party to a dispute, may can raise an objection, at any step phase of the arbitration proceedings procedure or enforcement of the execution of an arbitration sentencearbitral award, because on account of the fact that the investor, who which is the opposing party in to the dispute, had received an indemnity indemnification covering wholly a part or partially the whole of his its losses under by virtue of an insurance policyinsurance.

Neither of the Contracting Parties. involved in a dispute, may raise an objection, at any step of the arbitration proceedings or enforcement of an arbitration sentence, because of the investor, who is the opposing party in the dispute, had Has received an indemnity covering wholly or partially of his losses under an insurance policy.