Common use of Settlement of Disputes between an Investor Clause in Contracts

Settlement of Disputes between an Investor. and a Party (1) Disputes between an investor of either Party and the other Party concerning an obligation of the latter under this Agreement in relation to an investment of the former which have not been amicably settled shall, after a period of three months from written notification of a claim, be submitted to international arbitration if the investor concerned so wishes. (2) Where the dispute is referred to international arbitration, the investor and Party concerned in the dispute may agree to refer the dispute either to: (a) the International Court of Arbitration of the International Chamber of Commerce in accordance with its Arbitration Rules; or (b) an international arbitrator or ad hoc arbitration tribunal to be appointed by a special agreement or established under the Arbitration Rules of the United Nations Commission on International Trade Law. If after a period of three months from written notification of the claim there is no agreement to one of the above alternative procedures, the dispute shall at the request in writing of the investor concerned be submitted to arbitration at the International Court of Arbitration of the International Chamber of Commerce. The parties to the dispute may agree in writing to modify the rules applicable to the arbitration. The award shall be final and binding on the parties to the dispute. Each Party undertakes to enforce the awards;

Settlement of Disputes between an Investor. and a PartyHost State (1) Disputes between an investor a national or company of either one Contracting Party and the other Contracting Party concerning an obligation of the latter under this Agreement in relation to an investment of the former which have not been amicably settled shall, after a period of three months from written notification of a claim, be submitted to international arbitration if the investor national or company concerned so wishes. (2) Where the dispute is referred to international arbitration, the investor national or company and the Contracting Party concerned in the dispute may agree to refer the dispute either to: : (a) the International The Court of Arbitration of the International Chamber of Commerce in accordance with its Arbitration RulesCommerce; or or (b) an An international arbitrator or ad hoc arbitration tribunal to be appointed by a special agreement or established under the Arbitration Rules of the United Nations Commission on International Trade Law.Arbitration Rules of the United Nations Commission on International Trade Law. If after a period of three months from written notification of the claim there is no agreement to one of the above alternative procedures, the dispute shall at the request in writing of the investor national or company concerned be submitted to arbitration at under the International Court of Arbitration Rules of the United Nations Commission on International Chamber of CommerceTrade Law as then in force. The parties to the dispute may agree in writing to modify the rules applicable to the arbitration. The award shall be final and binding on the parties to the dispute. Each Party undertakes to enforce the awards;these Rules.

Settlement of Disputes between an Investor. and a Party (1) Disputes between an investor of either Party and the other Party concerning an obligation of the latter under this Agreement in relation to an investment of the former which have not been amicably settled shall, after a period of three months from written notification of a claim, be submitted to international arbitration if the investor concerned so wishes. (2) Where the dispute is referred to international arbitration, the investor and the Party concerned in the dispute may agree to refer the dispute either to: : (a) the International international Court of Arbitration of the International international Chamber of Commerce in accordance with its Arbitration Rules; or or (b) an international arbitrator or ad hoc arbitration tribunal to be appointed by a special agreement or established under the Arbitration Rules of the United Nations Commission on International Trade Law. If after a period of three months from written notification of the claim there is no agreement to one of the above alternative procedures, the dispute shall at the request in writing of the investor concerned be submitted to arbitration at the International Court of Arbitration of the International Chamber of Commerce. The parties to the dispute may agree in writing to modify the rules applicable to the arbitration. The award shall be final and binding on the parties to the dispute. Each Party party undertakes to enforce the awards;. (3) The arbitration award shall be based on the provisions of this Agreement, the national legislation of the Party on the territory of which the investment has been made, and the rules and generally accepted principles of international law.

Settlement of Disputes between an Investor. and a Contracting Party (1) Disputes . Any legal dispute between an investor of either one Contracting Party and the other Contracting Party concerning an obligation of the latter under this Agreement in relation relating to an investment of the former which have not been amicably settled shall, after a period of three six months from written notification of a claim, be submitted to international arbitration if the investor concerned so wishes. (2) . Where the dispute is referred to international arbitration, the investor and the Contracting Party concerned in the dispute may agree to refer the dispute either to: : (a) the International The Court of Arbitration of the International Chamber of Commerce in accordance with its Arbitration RulesCommerce; or or, (b) an An international arbitrator or ad hoc arbitration tribunal to be appointed by a special agreement or established under the Arbitration Rules of the United Nations Commission on International Trade Law. If If, after a period of three months from written notification of the claim investor's decision to submit the dispute to international arbitration, there is no agreement to on one of the above alternative procedures, the dispute shall shall, at the request in writing of the investor concerned concerned, be submitted to arbitration at the International Court of Arbitration of procedure preferred by the International Chamber of Commerce. The parties to the dispute may agree in writing to modify the rules applicable to the arbitrationinvestor. 3. The award shall be final and binding on the parties to the dispute. Each Contracting Party undertakes to enforce execute the awards;awards according to its national law.

Settlement of Disputes between an Investor. and a Party (1) . Disputes between an investor of either Party and the other Party concerning an obligation of the latter under this Agreement in relation to an investment of the former which have not been amicably settled shall, after a period of three months from written notification of a claim, be submitted to international arbitration if the investor concerned so wishes. (2) . Where the dispute is referred to international arbitration, the investor and Party concerned in the dispute may agree to refer the dispute either to: : (a) the International Court of Arbitration of the International Chamber of Commerce in accordance with its Arbitration Rules; or or (b) an international arbitrator or ad hoc arbitration tribunal to be appointed by a special agreement or established under the Arbitration Rules of the United Nations Commission on International Trade Law. 3. If after a period of three months from written notification of the claim there is no agreement to one of the above alternative procedures, the dispute shall at the request in writing of the investor concerned be submitted to arbitration at the International Court of Arbitration of the International Chamber of Commerce. The parties to the dispute may agree in writing to modify the rules applicable to the arbitration. 4. The award shall be final and binding on the parties to the dispute. 5. Each Party undertakes to enforce the awards;award.

Settlement of Disputes between an Investor. and a PartyHost State (1) Disputes between an investor a national or company of either one Contracting Party and the other Contracting Party concerning an obligation of the latter under this Agreement in relation to an investment of the former which have not been amicably settled shall, shall after a period of three months from written notification of a claim, claim be submitted to international arbitration if either party to the investor concerned dispute so wishes. (2) Where the dispute is referred to international arbitration, the investor and the Contracting Party concerned in the dispute may agree to refer the dispute either to: : (a) the International The Court of Arbitration of the International Chamber of Commerce in accordance with its Arbitration RulesCommerce; or or (b) an An international arbitrator or ad hoc arbitration tribunal to be appointed by a special agreement or established under the Arbitration Rules of the United Nations Commission on International Trade Law. If after a period of three months from written notification of the claim there is no agreement to one of an alternative procedure, the above alternative procedures, parties to the dispute shall at be bound to submit it to arbitration under the request in writing Arbitration Rules of the investor concerned be submitted to arbitration at the United Nations Commission on International Court of Arbitration of the International Chamber of CommerceTrade Law as then in force. The parties to the dispute may agree in writing to modify the rules applicable to the arbitration. The award shall be final and binding on the parties to the dispute. Each Party undertakes to enforce the awards;these Rules.

Settlement of Disputes between an Investor. and a Party (1) Disputes between an investor of either Party and the other Party concerning an obligation of the latter under this Agreement in relation to an investment of the former which have not been amicably settled shall, after a period of three months from written notification of a claim, be submitted to international arbitration if the investor concerned so wishes. (2) Where the dispute is referred to international arbitration, the investor and the Party concerned in the dispute may agree to refer the dispute either to: : (a) the International Court of Arbitration of the International Chamber of Commerce in accordance with its Arbitration Rules; or or (b) an international arbitrator or ad hoc arbitration tribunal to be appointed by a special agreement or established under the Arbitration Rules of the United Nations Commission on International Trade Law. If after a period of three months from written notification of the claim there is no agreement to one of the above alternative procedures, the dispute shall at the request in writing of the investor concerned be submitted to arbitration at the International Court of Arbitration of the International Chamber of Commerce. The parties to the dispute may agree in writing to modify the rules applicable to the arbitration. The award shall be final and binding on the parties to the dispute. Each Party party undertakes to enforce the awards;. (3) The arbitration award shall be based on the provisions of this Agreement, the national legislation of the Party on the territory of which the investment has been made, and the rules and generally accepted principles of international law.

Settlement of Disputes between an Investor. and a Party (1) Disputes between an investor of either Party and the other Party concerning an obligation of the latter under this Agreement in relation to an investment of the former which have not been amicably settled shall, after a period of three months from written notification of a claim, be submitted to international arbitration if the investor concerned so wishes. (2) Where the dispute is referred to international arbitration, the investor and the Party concerned in the dispute may agree to refer the dispute either to: : (a) the International international Court of Arbitration of the International Chamber of Commerce in accordance with its Arbitration Rulesrules; or or (b) an international arbitrator or ad hoc arbitration tribunal to be appointed by a special agreement or established under the Arbitration Rules of the United Nations Commission on International Trade Law. If after a period of three months from written notification of the claim there is no agreement to one of the above alternative procedures, the dispute shall at the request in writing of the investor concerned be submitted to arbitration at the International Court of Arbitration of the International Chamber of Commerce. The parties to the dispute may agree in writing to modify the rules applicable to the arbitration. The award shall be final and binding on the parties to the dispute. Each Party party undertakes to enforce the awards;. (2) The arbitration award shall be based on the provisions of this Agreement, thee national legislation of the Party on the territory or which the investment has been made, and the rules and generally accepted principles of international law.