Common use of Settlement of Disputes between Contracting Parties Clause in Contracts

Settlement of Disputes between Contracting Parties. 1. Disputes relating to the interpretation or application of this Agreement shall be settled, if possible, by diplomatic channels. 2. If the dispute has not been settled within a period of six months from the date on which the matter was raised by either Contracting Party, it may be submitted at the request of either Contracting Party to an Arbitral Tribunal. 3. The said Tribunal shall be created as follows for each specific case : each Contracting Party shall appoint one arbitrator, and the two arbitrators thus appointed shall appoint by mutual agreement a national of a third Country, who shall be designated as Chairman of the Tribunal by the two Contracting Parties. All the arbitrators must be appointed within two months from the date of notification by one Contracting Party to the other Contracting Party of its intention to submit the disagreement to arbitration. 4. If the periods specified in Paragraph 3 above have not been met, either Contracting Party, in the absence of any other agreement, shall invite the Secretary General of the United Nations Organization to make the necessary appointments. If the Secretary General is a national of either Contracting Party, or if he is otherwise prevented from discharging the said function, the Under-Secretary next in seniority to the Secretary General, who is not a national of either Contracting Party, shall make the necessary appointments. 5. The tribunal shall reach its decisions by a majority of votes. These decisions shall be final and legally binding upon the Contracting Parties. The Tribunal shall set its own rules of procedure. It shall interpret the judgment at the request of either Contracting Party. Unless otherwise decided by the tribunal, in accordance with special circumstances, the legal costs, including the fees of the arbitrators, shall be shared equally between the two Contracting Parties.

Settlement of Disputes between Contracting Parties. 1. Disputes relating to ) Any dispute arising between the Contracting Parties concerning the interpretation or application of this Agreement shall be settledshall, if as far as possible, by be settled through diplomatic channels. 2. ) If a dispute between the dispute has Contracting Parties could not been settled be resolved in this manner within a period of six months calculated from the date on which of notification of the matter was raised by either Contracting Partydispute, it may will be submitted referred, at the request of either any Contracting Party to an Arbitral Tribunal. 3. ) The said Arbitral Tribunal shall be created as follows constituted for each specific particular case in the following way: within two months of receipt of the request for arbitration, each Contracting Party shall appoint one arbitrator, and a member of the two arbitrators thus appointed shall appoint by mutual agreement Court who will choose a national of a third Country, who shall be designated country as Chairman the President of the Tribunal by the two Contracting PartiesCourt. All the arbitrators must The Chairman shall be appointed within a period of two months from the date of notification by one Contracting Party to designation of the other Contracting Party of its intention to submit the disagreement to arbitrationtwo members. 4. ) If within the periods specified terms provided in Paragraph 3 above the preceding paragraph should not have not been metmade the necessary designations, either any Contracting PartyParty may, in the absence of any other agreementsolutions, shall invite the Secretary General President of the United Nations Organization Intemational Court of Justice to make the necessary appointments. If the Secretary General President is a citizen of either Contracting Party or if, for any reason, is unable to perform this function, it will invite the Vice President to make the necessary appointments. If the Vice President is a national of either Contracting Party, or if he if, in turn, is otherwise prevented from discharging the said unable to perform this function, the Under-Secretary next member of the International Court of Justice that immediately follows it in seniority to the Secretary General, who ranking list and is not a national of either Contracting Party, shall will invited to make the necessary appointments. 5. ) The tribunal Arbitral Tribunal shall reach its decisions decision by a majority majority. This decision will be final, binding and will have binding effect on both Contracting Parties. Each Contracting Party shall bear the expenses of votesits member of the Tribunal and its Representation to the arbitration proceedings. These decisions shall The expenses of the President, as well as other costs that are caused by the operation of this Court, will be final and legally binding upon borne equally by the two Contracting Parties. The Tribunal shall set determine its own rules of procedure. It shall interpret the judgment at the request of either Contracting Party. Unless otherwise decided by the tribunal, in accordance with special circumstances, the legal costs, including the fees of the arbitrators, shall be shared equally between the two Contracting Partiesprocedures.

Settlement of Disputes between Contracting Parties. 1. ) Disputes relating to between the Contracting Parties concerning the interpretation or and application of this Agreement shall be settled, if as far as possible, through friendly consultations by both parties through diplomatic channels. 2. ) If the dispute has such disputes cannot been be settled within a period of six (6) months from the date on which either Contracting Party informs in writing the matter was raised by either other Contracting Party, it may be submitted they shall, at the request of either Contracting Party Party, be submitted for settlement to an Arbitral Tribunalad hoc international arbitral tribunal. 3. ) The said Tribunal ad hoc international arbitral tribunal mentioned above shall be created established as follows for each specific case follows: each The arbitral tribunal is composed of three (3) arbitrators. Each Contracting Party shall appoint one arbitrator; the two arbitrators shall propose by mutual agreement the third arbitrator who is a national: of a third State which has diplomatic relations with both Contracting Parties, and the two arbitrators thus appointed shall appoint by mutual agreement a national of a third Country, who arbitrator shall be designated appointed as Chairman of the Tribunal tribunal by the two both Contracting Parties. All . 4) If the arbitrators must be appointed appointments of the members of the Arbitral Tribunal are not made within two a period of six (6) months from the date of notification by one Contracting Party to the other Contracting Party of its intention to submit the disagreement to request for arbitration. 4. If the periods specified in Paragraph 3 above have not been met, either Contracting PartyParty may, in the absence of any other agreement, shall invite arrangement. Invite the Secretary General President of the United Nations Organization International Court of Justice to make the necessary appointmentsappointments within three (3) months. If Should the Secretary General is President be a national of either one Contracting PartyParty or should he not be able to perform this designation because of other reasons, this task shall be entrusted to the Vice-President of the Court, or if he is otherwise prevented from discharging the said function, the Under-Secretary next in seniority to the Secretary General, next senior Judge of the Court who is not a national of either Contracting Party, shall make the necessary appointments. 5) The arbitral tribunal shall determine its own procedure. The tribunal Arbitral Tribunal shall reach decide its decisions award by a majority of votes. These decisions shall be Such award is final and legally binding upon the Contracting Parties. 6) Each Contracting Party shall bear the cost of its own member of the panel and of its representative in the arbitral proceedings. The Tribunal expenses for the Chairman and the remaining costs shall set its own rules of procedure. It shall interpret the judgment at the request of either Contracting Party. Unless otherwise decided be borne in equal parts by the tribunal, in accordance with special circumstances, the legal costs, including the fees of the arbitrators, shall be shared equally between the two Contracting Parties.

Settlement of Disputes between Contracting Parties. 1. Disputes relating to the interpretation or application of this Agreement shall be settled, if possible, by diplomatic channels. 2. If the dispute has not been settled within a period of six months from the date on which the matter was raised by either Contracting Party, it may be submitted at the request of either Contracting Contacting Party to an Arbitral Tribunal. 3. The said Tribunal shall be created as follows for each specific case : each Contracting Party shall appoint one arbitrator, and the two arbitrators thus appointed shall appoint by mutual agreement a national of a third Countrycountry, who shall be designated as Chairman of the Tribunal by the two Contracting contracting Parties. All the arbitrators must be appointed within with in two months from the date of notification by one Contracting Party to the other Contracting Party of its intention to submit the disagreement to arbitration. 4. If the periods specified in Paragraph 3 above have not been met, either Contracting Contacting Party, in the absence of any other agreement, shall invite the Secretary General of the United Nations Organization Permanent Court of Arbitration to make the necessary appointments. If the Secretary General is a national of either Contracting Party, or if he is otherwise prevented from discharging the said function, the Under-Secretary judge next in seniority to the Secretary General, who is not a national of either Contracting Party, shall make the necessary appointments. 5. The tribunal shall reach its decisions by a majority of votes, in accordance with the principles of international Law. These decisions shall be final and legally binding upon the Contracting Parties. The Tribunal shall set its own rules of procedure. It shall interpret the judgment at the request of either Contracting Contacting Party. Unless otherwise decided by the tribunal, in accordance with special circumstances, the legal costs, including the fees of the arbitrators, shall be shared equally between the two Contracting Parties.

Settlement of Disputes between Contracting Parties. 1. Disputes relating to concerning the interpretation or application of this Agreement shall be settled, if possible, by through diplomatic channels. 2. If the dispute has is not been settled within a period twelve months of six months from the date on which the matter was its being raised by either Contracting Party, it may shall be submitted submitted, at the request of either Contracting Party Party, to an Arbitral Tribunalarbitration tribunal. 3. The said Tribunal tribunal shall be created as follows constituted for each specific particular case in the following manner: each Contracting Party shall appoint one arbitratormember, and the two arbitrators thus appointed members shall appoint appoint, by mutual agreement agreement, a national of a third Country, State who shall be designated as Chairman appointed chairman of the Tribunal tribunal by the two both Contracting Parties. All the arbitrators must members shall be appointed within two months from of the date of notification by on which one Contracting Party to has notified the other Contracting Party of its intention to submit the disagreement dispute to arbitration. 4. If the periods specified time limits laid down in Paragraph paragraph 3 above have not been metobserved, either Contracting PartyParty shall, in the absence of any other agreement, shall invite the Secretary Secretary-General of the United Nations Organization to make the necessary appointments. If the Secretary Secretary-General is a national of either Contracting Party, Party or if he is otherwise prevented from discharging the said functionunable to serve, the most senior Under-Secretary next in seniority to the Secretary General, Secretary- General who is not a national of either Contracting Party, Party shall make the necessary appointments. 5. The arbitration tribunal shall reach take its decisions by a majority of votesvote. These Such decisions shall be final and legally binding upon on the Contracting Parties. The Tribunal tribunal shall set determine its own rules of procedurerules. It shall interpret the judgment award at the request of either Contracting Party. Unless otherwise decided by the tribunalTribunal decides otherwise, in accordance with special taking into account particular circumstances, the legal costscosts of the arbitration proceedings, including the fees of the arbitrators, shall be shared equally between by the two Contracting Parties.

Settlement of Disputes between Contracting Parties. 1. Disputes relating to concerning the interpretation or application of this Agreement shall be settled, if possible, by settled as far as possible through diplomatic channels. 2. If the dispute has not been settled If, within a period of six months from the date on which the matter it was raised by either Contracting Partycontracting party, the dispute is not settled, it may be submitted at the request of either Contracting Party contracting party to an Arbitral Tribunalarbitral tribunal. 3. The said Tribunal arbitral tribunal shall be created as follows constituted for each specific individual case as follows: each Contracting Party shall appoint one arbitrator, member and the these two arbitrators thus appointed Members shall appoint designate by mutual common agreement a national of a third Country, State who shall be designated as appointed Chairman of the Tribunal by the two Contracting Partiesboth contracting parties. All the arbitrators must all members shall be appointed within two months from the date of notification by one Contracting Party to has informed the other Contracting Party contracting party of its intention to submit the disagreement dispute to arbitration. 4. If the periods specified in Paragraph paragraph 3 above have not been metmade, either Contracting Party, in the absence of any other agreement, shall invite the Secretary General of the United Nations Organization to make the necessary appointments. If if the Secretary Secretary-General is a national of either Contracting Party, Party or if he is otherwise prevented from discharging the said exercising this function, the Under-Secretary next in seniority to Secretary- General the Secretary General, oldest and who is not a national of either Contracting Party, Party shall make the necessary appointments. 5. The tribunal shall reach its decisions by a majority of votes. These such decisions shall be final and legally binding upon enforceable automatically to the Contracting Partiescontracting parties. The Tribunal tribunal shall set determine its own rules of procedure. It shall interpret it interprets the judgment award at the request of either Contracting Party. Unless otherwise decided by unless the tribunalTribunal provides otherwise, in accordance with special light of the particular circumstances, the legal costsexpenses of the arbitral proceedings, including the fees business of the arbitrators, arbitrators shall be shared equally between by the two Contracting Partiescontracting parties.

Settlement of Disputes between Contracting Parties. 1. Disputes relating to Any dispute between the Contracting Parties concerning the interpretation or application of this Agreement shall be settledshall, if as far as possible, be settled by consultation through diplomatic channels. 2. If the a dispute has cannot been thus be amicably settled within a period of six months from the date on which the matter was raised by either Contracting Partymonths, it may be submitted at shall, upon the request of either Contracting Party Party, be submitted to an Arbitral Tribunalad hoc arbitral tribunal. 3. The said Tribunal Such tribunal shall be created as follows for each specific case : comprise of three arbitrators. Within two months of the receipt of the written notice requesting arbitration, each Contracting Party shall appoint one arbitrator, and the . The two arbitrators thus appointed shall appoint by mutual agreement shall, within a further period of two months from when both of them were appointed, jointly select as the presiding arbitrator of the arbitral tribunal a national of a third Country, who shall be designated as Chairman of the Tribunal by the two State having diplomatic relations with both Contracting Parties. All the arbitrators must be appointed within two months from the date of notification by one Contracting Party to the other Contracting Party of its intention to submit the disagreement to arbitration. 4. If the periods specified in Paragraph 3 above have arbitral tribunal has not been metconstituted within four months from the receipt of the written notice requesting arbitration, either Contracting PartyParty may, in the absence of any other agreement, shall invite the Secretary General President of the United Nations Organization International Court of Justice to make the any necessary appointments. If the Secretary General President is a national of either Contracting Party, Party or if he is otherwise prevented from discharging the said functionfunctions, the Under-Secretary Member of the International Court of Justice next in seniority to the Secretary General, who is not a national of either Contracting Party, Party or is not otherwise prevented from discharging the said functions shall be invited to make the such necessary appointments. 5. The arbitral tribunal shall determine its own procedure. The arbitral tribunal shall reach its decisions award in accordance with the provisions of this Agreement and the principles of international law recognized by both Contracting Parties. 6. The arbitral tribunal shall reach its award by a majority of votes. These decisions Such award shall be final and legally binding upon the both Contracting Parties. The Tribunal shall set its own rules of procedure. It shall interpret the judgment at arbitral tribunal shall, upon the request of either Contracting Party, explain the reasons for its award. 7. Unless otherwise decided Each Contracting Party shall bear the costs of its appointed arbitrator and of its representation in the arbitral proceedings. The relevant costs of the presiding arbitrator and tribunal shall be borne in equal parts by the tribunal, in accordance with special circumstances, the legal costs, including the fees of the arbitrators, shall be shared equally between the two Contracting Parties.

Settlement of Disputes between Contracting Parties. 1. Disputes relating to concerning the interpretation or application of this Agreement shall be settledagreement should, if possible, by be settled through diplomatic channels. 2. If the dispute has not been settled within a period of six months from the date on time at which the matter it was raised by either Contracting Partycontracting party, the dispute is not settled, it may shall be submitted submitted, at the request of either Contracting Party contracting party to an Arbitral Tribunalarbitral tribunal. 3. The said Tribunal shall be created as follows constituted for each specific individual case as follows: each Contracting Party shall appoint one arbitratormember and these two Members shall designate by common agreement, and the two arbitrators thus appointed shall appoint by mutual agreement a national of a third Country, State who shall be designated as appointed Chairman of the Tribunal by the two Contracting Partiesboth contracting parties. All the arbitrators must all members shall be appointed within two months from the date of notification by one Contracting Party to has informed the other Contracting Party contracting party of its intention to submit the disagreement dispute to arbitration. 4. If the periods specified in Paragraph paragraph 3 above have not been metmade, either Contracting Party, in the absence of any other agreement, shall invite the Secretary General of the United Nations Organization to make the necessary appointments. If if the Secretary Secretary-General is a national of either Contracting Party, Party or if he is otherwise prevented from discharging the said exercising this function, the Under-Secretary next in seniority to Secretary- General the Secretary General, oldest and who is not a national of either Contracting Party, Party shall make carry out the necessary appointmentsrequirements. 5. The arbitral tribunal shall reach its decisions by a majority of votes. These such decisions shall be final and legally binding upon enforceable automatically to the Contracting Partiescontracting parties. The Tribunal tribunal shall set determine its own rules of procedureof. It shall interpret it interprets the judgment award at the request of either Contracting Party. Unless otherwise decided by unless the tribunalTribunal provides otherwise, in accordance with special light of the particular circumstances, the legal costsexpenses of the arbitral proceedings, including the fees business of the arbitrators, arbitrators shall be shared equally between by the two Contracting Partiescontracting parties.

Settlement of Disputes between Contracting Parties. (1. ) Disputes relating to the interpretation or application of this Agreement shall be settledshall, if possible, by diplomatic channelsbe settled amicably. (2. ) If the dispute has not been settled within a period of six months from fram the date on which the matter was raised by either Contracting Party, it may be submitted at the request of either Contracting Party to an Arbitral Tribunal. (3. ) The said Tribunal shall be created as follows for each specific case : each Contracting Party shall appoint one arbitrator, and the two arbitrators thus appointed shall appoint by mutual agreement a national of a third Country, who shall be designated as Chairman of the Tribunal by the two Contracting Parties. All the arbitrators must be appointed within two three months from the date of notification by one Contracting Party to the other Contracting Party of its intention to submit the disagreement to arbitration. (4. ) If the periods specified in Paragraph 3 above have not been met, either Contracting Party, in the absence absensce of any other agreement, shall invite the Secretary General of the United Nations Organization Permanent Court of Arbitration to make the necessary appointments. If the Secretary General is a national of either Contracting Party, or of if he is otherwise prevented from discharging the said function, the Under-Secretary judge next in seniority to the Secretary General, who is not a national of either Contracting Party, shall make the necessary appointments. (5. ) The tribunal shall reach its decisions by a majority of votes. These decisions shall be final and legally binding upon the Contracting Parties. . (6) The Tribunal shall set its own rules of procedure. It shall interpret the judgment judgement at the request of either Contracting Party. Unless otherwise decided by the tribunal, in accordance with special circumstances, the legal costs, including the fees of the arbitrators, shall be shared equally between the two Contracting Parties.

Settlement of Disputes between Contracting Parties. (1. ) Disputes relating to between contracting parties regarding the interpretation or application of the provisions of this Agreement shall be settled, if possible, by settled through diplomatic channels. (2. ) If the dispute has not been settled both contracting parties fail to reach a settlement within a period of six 12 months from the date on which the matter was raised dispute has arisen, the latter shall be submitted, at the request of either contracting party to an ad hoc arbitral tribunal composed of three members. each Contracting Party shall appoint an arbitrator. the two arbitrators so nominated shall appoint a chairman who shall be a national of a third State. (3) If one of the Contracting Parties has not appointed its arbitrator and has not followed the invitation of the other contracting party to make within two months after receipt of the request for arbitration to the designation, the arbitrator shall be appointed upon request by either the latter Contracting Party, it may Party by the President of the International Court of Justice. (4) If the two arbitrators cannot reach an agreement about the choice of the Chairman within two months after their appointment the latter shall be submitted at appointed upon the request of either Contracting Party to an Arbitral Tribunalby the President of the International Court of Justice. (5) If in the cases specified under paragraphs (3. The said Tribunal shall be created as follows for each specific case : each Contracting Party shall appoint one arbitrator) and (4) of this article, and the two arbitrators thus appointed shall appoint by mutual agreement a national of a third Country, who shall be designated as Chairman President of the Tribunal by the two Contracting Parties. All the arbitrators must be appointed within two months International Court of Justice is prevented from the date of notification by one Contracting Party to the other Contracting Party of its intention to submit the disagreement to arbitration. 4. If the periods specified in Paragraph 3 above have not been met, either Contracting Party, in the absence of any other agreement, shall invite the Secretary General of the United Nations Organization to make the necessary appointments. If the Secretary General exercising his mandate or if he is a national of either Contracting Party, the appointment shall be made by the Vice-President and if the latter is prevented or if he is otherwise prevented from discharging a national of either Contracting Party, they will be made by the said function, most senior member of the Under-Secretary next in seniority to the Secretary General, Court who is not a national of either Contracting Party, shall make the necessary appointments. 5. The tribunal shall reach its decisions by a majority of votes. These decisions shall be final and legally binding upon the Contracting Parties. The Tribunal . (6) Unless the Contracting Parties decide otherwise, the tribunal shall set determine its own rules procedure. (7) The decisions of procedure. It the Tribunal are final and binding on the contracting parties. (8) Each Contracting Party shall interpret bear the judgment at costs of its own member of the request Tribunal and of either Contracting Party. Unless otherwise decided its representation in the arbitral proceedings; unless the arbitral tribunal decides otherwise, the costs of the Chairman and the remaining costs shall be borne in equal parts by the tribunal, in accordance with special circumstances, the legal costs, including the fees of the arbitrators, shall be shared equally between the two Contracting Partiescontracting parties.

Settlement of Disputes between Contracting Parties. 1. a. Disputes relating to concerning the interpretation or application of this Agreement shall be settledagreement should, if possible, by be settled through diplomatic channels. 2. b. If the dispute has not been settled within a period of six 12 months from the date on which the matter it was raised by either Contracting Partycontracting party, the dispute is not settled, it may shall be submitted submitted, at the request of either Contracting Party contracting party to an Arbitral Tribunalarbitral tribunal. 3. c. The said Tribunal shall be created as follows constituted for each specific individual case : each in the following way: (i) Each Contracting Party shall appoint one an arbitrator, and the . (ii) The two arbitrators thus appointed so nominated shall appoint designate by mutual agreement a national common agreement, an investor of a third Country, State who shall be designated as appointed Chairman of the Tribunal by the two Contracting Parties. contracting parties; (iii) All the arbitrators must shall be appointed within two months from the date of notification by one Contracting Party to has informed the other Contracting Party contracting party of its intention to submit the disagreement dispute to arbitration. 4. d. If the periods specified in Paragraph paragraph 3 above have not been metmade, either Contracting Party, in the absence of any other agreement, shall invite the Secretary General President of the United Nations Organization International Chamber of Commerce to make the necessary appointments. If the Secretary General President is a national investors of either Contracting Party, Party or if he is otherwise prevented from discharging the said exercising this function, the Under-Secretary next in seniority to Vice- President and the Secretary General, oldest who is not a national of either Contracting Party, Party shall make the necessary appointments. 5. The tribunal shall reach its decisions by a majority of votes. These decisions shall be final and legally binding upon the Contracting Parties. e. The Tribunal shall set its own rules of procedure. It shall interpret the judgment at the request of either Contracting Party. Unless otherwise decided by the tribunal, act in accordance with special circumstancesthe law. Before taking its decision, the legal costs, including the fees it may at any stage of the arbitrators, proceedings the parties to propose an amicable settlement of the dispute. The foregoing provisions shall be shared equally between not affect the two Contracting Partiescompetence of the Tribunal to decide ex aequo et xxxx if the parties so agree.

Settlement of Disputes between Contracting Parties. 1. Disputes relating to concerning the interpretation or application of this Agreement shall be settled, if to the extent possible, by through diplomatic channels. 2. If the dispute has is not been settled within a period of six months from the date on which the matter it was raised by either Contracting Party, it may be submitted shall, at the request of either Contracting Party Party, be submitted to an Arbitral Arbitration Tribunal. 3. The said Tribunal tribunal shall be created as follows constituted for each specific particular case in the following manner: each Contracting Party shall appoint one arbitrator, member and the two arbitrators thus appointed members shall appoint designate, by mutual agreement common agreement, a national of a third CountryState, who shall be designated as Chairman appointed chairman of the Tribunal tribunal by the two both Contracting Parties. All the arbitrators must members shall be appointed within two months from the date on which one of notification by one the Contracting Party to Parties has notified the other Contracting Party of its intention to submit the disagreement dispute to arbitration. 4. If the periods specified time limits set out in Paragraph paragraph 3 above have not been metobserved, either Contracting PartyParty shall, in the absence of any other agreement, shall invite the Secretary Secretary-General of the United Nations Organization to make the necessary appointments. If the Secretary Secretary-General is a national of either Contracting Party, Party or if he is otherwise prevented for any other reason from discharging the said exercising this function, the Undermost senior Deputy Secretary-Secretary next in seniority to the Secretary General, General who is not a national of either one of the Contracting Party, Parties shall make the necessary appointmentsdesignations. 5. The tribunal Tribunal shall reach take its decisions by a majority of votes. These Such decisions shall be final and legally binding upon as of right on the Contracting Parties. The Tribunal tribunal shall set determine its own rules of procedure. It shall interpret the judgment award at the request of either Contracting Party. Unless otherwise decided by the tribunalTribunal provides otherwise, in accordance with having regard to special circumstances, the legal costscosts of the arbitral proceedings, including the fees of the arbitrators, shall be shared equally between the two Contracting Parties.

Settlement of Disputes between Contracting Parties. 1. Disputes relating to concerning the interpretation or application of this Agreement shall be settled, if possible, by through the diplomatic channelschannel. 2. If the dispute has not been settled within a period of six months from the date on which the matter was but has been raised by either of the Contracting PartyParties, it may shall be submitted at the request of either one or both of the Contracting Party Parties, to an Arbitral Tribunalarbitral tribunal. 3. The said Tribunal tribunal shall be created as follows constituted for each specific individual case in the following manner: each Contracting Party shall appoint one arbitratormember, and the two arbitrators thus appointed members shall appoint designate by mutual agreement a national of a third Country, State who shall be designated as appointed Chairman of the Tribunal tribunal by the two Contracting Partiesboth Parties Contracting. All the arbitrators must members shall be appointed within a period of two months from the date on which one of notification by one the Contracting Party to Parties has informed the other Contracting Party of its intention to submit the disagreement dispute to arbitration. 4. If the periods specified time-limits laid down in Paragraph paragraph 3 above have not been metobserved, either Contracting PartyParty shall, in the absence of any other agreement, shall invite the Secretary Secretary-General of the United Nations Organization to make the necessary appointments. If the Secretary Secretary-General is a national of either Contracting Party, Party or if for any other reason he is otherwise prevented from discharging the said functionserving in that capacity, the Undermost senior and non-Secretary next in seniority to national Of the Secretary General, who is not a national of either Contracting Party, Parties shall make the necessary appointments. 5. The arbitral tribunal shall reach take its decisions by a majority of votes. These decisions shall be final and legally binding upon on the Contracting Parties. The Tribunal tribunal shall set determine its own rules of procedurerules. It shall interpret the judgment award at the request of either Contracting Party. Unless the tribunal otherwise decided by the tribunalprovides, in accordance with special the light of particular circumstances, the legal costscosts of the arbitral proceedings, including the fees vacations of the arbitrators, shall be shared distributed equally between among the two Contracting Parties.

Settlement of Disputes between Contracting Parties. 1. Disputes relating to concerning the interpretation or application of this Agreement shall be settledagreement should, if possible, by be settled through diplomatic channels. 2. If the dispute has not been settled If, within a period of six months from the date on time at which the matter it was raised by either Contracting Partycontracting party, the dispute is not settled, it may shall be submitted submitted, at the request of either Contracting Party contracting party to an Arbitral Tribunalarbitral tribunal. 3. The said Tribunal shall be created as follows constituted for each specific individual case in the following: each maniére Each Contracting Party shall appoint one arbitratormember and these two Members shall designate by common agreement, and the two arbitrators thus appointed shall appoint by mutual agreement a national of a third Country, State who shall be designated as Chairman of the Tribunal chairman appointed by the two Contracting Partiesboth contracting parties. All the arbitrators must all members shall be appointed within two months from the date of notification by one Contracting Party to has informed the other Contracting Party contracting party of its intention to submit the disagreement dispute to arbitration. 4. If the periods time limits specified in Paragraph 3 paragraph 12.3 above have not been metmade, either Contracting Party, in the absence of any other agreement, shall invite the Secretary General of the United Nations Organization to make the necessary appointments. If if the Secretary Secretary- General is a national of either Contracting Party, Party or if he is otherwise prevented from discharging the said exercising this function, the UnderUnder- Secretary-Secretary next in seniority to General the Secretary General, oldest and who is not a national of either Contracting Party, shall make Party precède the necessary appointments. 5. The arbitral tribunal shall reach its decisions by a majority of votes. These such decisions shall be final and legally binding upon enforceable automatically to the Contracting Partiescontracting parties. The Tribunal tribunal shall set determine its own rules of procedureof. It shall interpret it interprets the judgment award at the request of either Contracting Party. Unless otherwise decided by unless the tribunalTribunal provides otherwise, in accordance with special light of the particular circumstances, the legal costscosts of the proceedings arbitrate, including the fees business of the arbitrators, arbitrators shall be shared equally between the two Contracting Partiesparties.

Settlement of Disputes between Contracting Parties. 1. Disputes relating to concerning the interpretation or application of this Agreement shall be settledagreement should, if possible, by be settled through diplomatic channels. 2. If the dispute has cannot been be settled within a period of six months from the date on which the matter when it was raised by either Contracting Party, it may be submitted at the request of either Contracting Party to an Arbitral Tribunalarbitral tribunal. 3. The said Tribunal arbitral tribunal shall be created as follows constituted for each specific individual case as follows: each Contracting Party shall appoint one arbitrator, arbitrator and the two arbitrators thus appointed shall appoint by mutual agreement agreement, a national of a third Country, State who shall be designated as appointed Chairman of the Tribunal by the two both Contracting Parties. All the arbitrators must shall be appointed within two months from the date of notification by one on which either Contracting Party to notifies the other Contracting Party of its intention to submit the disagreement dispute to arbitration. 4. If the periods specified in Paragraph paragraph 3 above have not been metmade, either Contracting Party, in the absence of any other agreement, shall invite the Secretary General of the United Nations Organization to make proceed with the necessary appointmentsnominations of Arbitrators of the ad hoc arbitration tribunal. If the Secretary Secretary-General is a national of either Contracting Party, Party or if he is otherwise prevented from discharging the said exercising this function, the most senior Under-Secretary next in seniority to Secretary-General that follows the Secretary General, Secretary-General and who is not a national of either Contracting Party, Party shall make the necessary appointments. 5. The tribunal shall reach its decisions by a majority of votes. These such decisions shall be final and legally binding upon enforceable automatically to the Contracting Parties. The Tribunal tribunal shall set determine its own rules of procedure. It shall interpret the judgment its decision at the request of either Contracting Party. Unless otherwise decided by the tribunalTribunal provides otherwise, in accordance with special light of the particular circumstances, the legal costsexpenses of the arbitral proceedings, including the fees business of the arbitrators, arbitrators shall be shared equally between by the two Contracting Parties.

Settlement of Disputes between Contracting Parties. 1. Disputes relating to between the Contracting Parties concerning the interpretation or and application of this Agreement shall be settled, if as far as possible, through friendly consultations by both Contracting Parties through diplomatic channels. 2. If such disputes cannot be settled within six months from the dispute date on which either Contracting Party informs in writing the other Contracting Party, they shall, at the request of either Contracting Party, be submitted for settlement to an ad hoc international arbitral tribunal. 3. The ad hoc international arbitral tribunal mentioned above shall be established as follows: The arbitral tribunal is composed of three arbitrators. Each Contracting Party shall appoint one arbitrator; the two arbitrators shall propose by mutual agreement the third arbitrator who is a national of a third State which has diplomatic relations with both Contracting Parties, and the third arbitrator shall be appointed as Chairman of the tribunal by both Contracting Parties. 4. If the appointments of the members of the Arbitral Tribunal are not been settled made within a period of six months from the date on which the matter was raised by either Contracting Partyof request for arbitration, it may be submitted at the request of either Contracting Party to an Arbitral Tribunal. 3. The said Tribunal shall be created as follows for each specific case : each Contracting Party shall appoint one arbitrator, and the two arbitrators thus appointed shall appoint by mutual agreement a national of a third Country, who shall be designated as Chairman of the Tribunal by the two Contracting Parties. All the arbitrators must be appointed within two months from the date of notification by one Contracting Party to the other Contracting Party of its intention to submit the disagreement to arbitration. 4. If the periods specified in Paragraph 3 above have not been met, either Contracting Partymay, in the absence of any other agreementarrangement, shall invite the Secretary General President of the United Nations Organization International Court of Justice to make the necessary appointmentsappointments within three months. If Should the Secretary General is President be a national of either one Contracting PartyParty or should he not be able to perform this designation because of other reasons, this task shall be entrusted to the Vice-President of the Court, or if he is otherwise prevented from discharging the said function, the Under-Secretary next in seniority to the Secretary General, next senior Judge of the Court who is not a national of either Contracting Party, shall make the necessary appointments. 5. The tribunal Arbitral Tribunal shall reach determine its decisions own procedure. The Arbitral Tribunal shall decide its award by a majority of votes. These decisions shall be Such award is final and legally binding upon the Contracting Parties. 6. Each Contracting Party shall bear the cost of its own member of the panel and of its representative in the arbitral proceedings. The Tribunal costs of the Chairman and the remaining costs shall set its own rules of procedure. It shall interpret the judgment at the request of either Contracting Party. Unless otherwise decided be borne in equal parts by the tribunal, in accordance with special circumstances, the legal costs, including the fees of the arbitrators, shall be shared equally between the two Contracting Parties.

Settlement of Disputes between Contracting Parties. 1. Disputes relating to concerning the interpretation or application of this Agreement shall be settled, if possible, by through diplomatic channels. 2. If the dispute has is not been settled within a period of six months from the date on which the matter was of its being raised by either Contracting Party, it may shall be submitted submitted, at the request of either Contracting Party Party, to an Arbitral Tribunalarbitration tribunal. 3. The said Tribunal tribunal shall be created as follows constituted for each specific particular case in the following manner: each Contracting Party shall appoint one an arbitrator, and the two arbitrators thus so appointed shall appoint shall, by mutual agreement agreement, appoint a national of a third Country, State who shall be designated nominated as Chairman of the Tribunal tribunal by the two both Contracting Parties. All the arbitrators must shall be appointed within two months from the date of notification by on which one Contracting Party to has notified the other Contracting Party of its intention to submit the disagreement dispute to arbitration. 4. If the periods specified time limits laid down in Paragraph paragraph 3 above have not been metobserved, either Contracting PartyParty shall, in the absence of any other agreement, shall invite the Secretary General President of the United Nations Organization International Chamber of Commerce to make the necessary appointments. If the Secretary General President is a national of either Contracting Party, Party or if he is otherwise for any other reason prevented from discharging the said exercising this function, the Undermost senior Vice-Secretary next in seniority to the Secretary General, President who is not a national of either one of the Contracting Party, Parties shall make the necessary appointments. 5. The arbitration tribunal shall reach take its decisions by a majority of votesvote. These Such decisions shall be final and legally binding upon on the Contracting Parties. The Tribunal tribunal shall set determine its own rules of procedurerules. It shall interpret the judgment decision at the request of either Contracting Party. Unless otherwise decided by the tribunalTribunal decides otherwise, in accordance with taking into account special circumstances, the legal costscosts of the arbitration proceedings, including the fees of the arbitrators, shall be shared equally between the two Contracting Parties.

Settlement of Disputes between Contracting Parties. 1. Disputes relating to between the contracting parties concerning the interpretation or application of this Agreement shall be settledagreement should, if possible, by be settled through diplomatic channels. 2. If the dispute has not been settled within a period of six months from the date on time at which the matter it was raised by either Contracting Partycontracting party, the dispute is not settled, it may shall be submitted submitted, at the request of either Contracting Party contracting party to an Arbitral Tribunalarbitral tribunal. 3. The said Tribunal shall be created as follows constituted for each specific individual case as follows: each Contracting Party shall appoint one arbitratormember and these two Members shall designate by common agreement, and the two arbitrators thus appointed shall appoint by mutual agreement a national of a third Country, State who shall be designated as appointed Chairman of the Tribunal by the two Contracting Partiesboth contracting parties. All the arbitrators must all members shall be appointed within two three months and the Chairman within five months from the date of notification by one Contracting Party to has informed the other Contracting Party contracting party of its intention to submit the disagreement dispute to arbitration. 4. If the periods specified in Paragraph paragraph 3 above have not been metmade, either Contracting Party, in the absence of any other agreement, shall invite the Secretary General of the United Nations Organization to make the necessary appointments. If if the Secretary Secretary-General is a national of either Contracting Party, Party or if he is otherwise prevented from discharging the said exercising this function, the Under-Secretary next in seniority to Secretary- General the Secretary General, oldest and who is not a national of either Contracting Party, Party shall make the necessary appointments. 5. The arbitral tribunal shall reach its decisions by a majority of votes. These such decisions shall be final and legally binding upon enforceable automatically to the Contracting Partiescontracting parties. The Tribunal tribunal shall set determine its own rules of procedure. It shall interpret the judgment interpretation and award at the request of either Contracting Party. Unless otherwise decided by unless the tribunalTribunal provides otherwise, in accordance with special light of the particular circumstances, each Contracting Party shall bear its own expenses, including business its arbitrator. the legal costsremaining expenses of the arbitral proceedings, including the fees business of the arbitrators, Chairman shall be shared equally between by the two Contracting Partiescontracting parties.

Settlement of Disputes between Contracting Parties. 1. Disputes relating to between the Contracting Parties concerning the interpretation or application of this Agreement shall be settledshould, if possible, by be settled through consultation both Parties through diplomatic channels. 2. If the dispute has such disputes can not been be settled within a period of six three months from the date on which one Contracting Party notified in writing the matter was raised by either other Contracting Party, it may be submitted they will, at the request of either Contracting Party to an Arbitral Tribunalcaused by the Arbitration Court ad hoc as defined in this Article. 3. The said Arbitral Tribunal shall be created constituted as follows for each specific case follows: within two months after receipt of the request of arbitration, each Contracting Party shall appoint one arbitrator, and member of the Court. The two arbitrators thus appointed members shall appoint by mutual agreement a national of immediately choose a third Countrycountry, who to be appointed Chairman. The Chairman shall be designated as Chairman of the Tribunal by the two Contracting Parties. All the arbitrators must be appointed within two three months from the date of notification by one Contracting Party to appointment of the other Contracting Party of its intention to submit the disagreement to arbitrationtwo members. 4. If within the periods specified terms defined in Paragraph paragraph 3 above of this Article, the appointments have not been metmade, either Contracting PartyParty may, in the absence of any other agreement, shall invite request the Secretary General President of the United Nations Organization International Court of Justice to make the necessary appointmentsappointment. If the Secretary General it turns out that he is a national citizen of either Contracting Party, Party or if he is otherwise other reasons prevented from discharging the said function, the UnderVice-Secretary President of the Court shall be invited to make the appointment. If the Vice President is a national of either Contracting Party or prevented from discharging the said function, the member of the International Court of Justice next in seniority to the Secretary General, who is not a national of either Contracting Party, Party shall be invited to make the necessary appointmentsappointment. 5. The tribunal Arbitral Tribunal shall reach decisions by majority vote and its decisions by a majority are final in nature. Each Contracting Party shall bear the costs of votesits arbitrator and its representation in the process. These decisions The cost of the Chairman and the remaining costs shall be final and legally binding upon borne in equal parts by the Contracting Parties. The Tribunal shall tribunal will set its own rules of procedure. It shall interpret the judgment at the request of either Contracting Party. Unless otherwise decided by the tribunal, in accordance with special circumstances, the legal costs, including the fees of the arbitrators, shall be shared equally between the two Contracting Parties.

Settlement of Disputes between Contracting Parties. 1. Disputes relating to concerning the interpretation or application of this Agreement shall be settled, if possible, by through diplomatic channels. 2. If the dispute has is not been settled within a period of six months from the date on which the matter was of its being raised by either Contracting Party, it may be submitted shall, at the request of either Contracting Party Party, be submitted to an Arbitral Tribunalarbitration tribunal. 3. The said Tribunal tribunal shall be created as follows constituted for each specific particular case in the following manner: each Contracting Party shall appoint one arbitrator, member and the two arbitrators thus appointed members shall appoint appoint, by mutual agreement agreement, a national of a third Country, State who shall be designated appointed by both Contracting Parties as Chairman chairman of the Tribunal by the two Contracting Partiestribunal. All the arbitrators must members shall be appointed within two months from of the date of notification by on which one Contracting Party to has notified the other Contracting Party of its intention to submit the disagreement dispute to arbitration. 4. If the periods specified time limits laid down in Paragraph paragraph 3 above have not been metobserved, either Contracting PartyParty shall, in the absence of any other agreement, shall invite the Secretary Secretary-General of the United Nations Organization to make the necessary appointments. If the Secretary Secretary-General is a national of either Contracting Party, Party or if he is otherwise prevented from discharging the said functionserving in that capacity, the most senior Under-Secretary next in seniority to the Secretary General, Secretary-General who is not a national of either Contracting Party, Party shall make the necessary appointments. 5. The arbitration tribunal shall reach take its decisions by a majority of votesvote. These Such decisions shall be final and legally binding upon on the Contracting Parties. The Tribunal tribunal shall set determine its own rules of procedurerules. It shall interpret the judgment award at the request of either Contracting Party. Unless otherwise decided by the tribunalTribunal decides otherwise, in accordance with special taking into account particular circumstances, the legal costscosts of the arbitration proceedings, including the fees of the arbitrators, shall be shared equally between by the two Contracting Parties.

Settlement of Disputes between Contracting Parties. 1. Disputes relating to the interpretation or application of this Agreement shall be settled, if possible, by diplomatic channels. 2. If the dispute has not been settled within a period of six months from the date on which the matter was raised by either Contracting Party, it may be submitted at the request of either Contracting Party to an Arbitral Tribunal. 3. The said Tribunal shall be created as follows for each specific case case: each Contracting Party shall appoint one arbitrator, and the two arbitrators thus appointed shall appoint by mutual agreement a national of a third Country, who shall be designated as Chairman of the Tribunal by the two Contracting Parties. All the arbitrators must be appointed within two months from the date of notification by one Contracting Party to the other Contracting Party of its intention to submit the disagreement to arbitration. 4. If the periods specified in Paragraph 3 above have not been met, either Contracting Party, in the absence of any other agreement, shall invite the Secretary General President of the United Nations Organization International Court of Justice to make the necessary appointments. If the Secretary General President is a national of either Contracting Party, or if he is otherwise prevented from discharging the said function, the Under-Secretary Member of the International Court of Justice next in seniority to the Secretary General, who is not a national of either Contracting Party, Party or is not otherwise prevented from discharging the said functions shall be invited to make the necessary appointments. 5. The tribunal shall reach its decisions by a majority of votes. These decisions shall be final and legally binding upon the Contracting Parties. The Tribunal shall set its own rules of procedure. It shall interpret the judgment judgement at the request of either Contracting Party. Unless otherwise decided Each Contracting Party shall bear the costs of its appointed arbitrator and of its representation in the arbitral proceedings. The relevant costs of the Chairman in tribunal shall be borne in equal parts by the tribunal, in accordance with special circumstances, the legal costs, including the fees of the arbitrators, shall be shared equally between the two Contracting Parties.

Settlement of Disputes between Contracting Parties. 1. Disputes relating to concerning the interpretation or application of this Agreement shall be settled, if possible, by negotiation through diplomatic channels. 2. If the dispute has is not been settled within a period of six months from the date on which the matter was of its being raised by either Contracting Party, it may be submitted may, at the request of either Contracting Party Party, be submitted to an Arbitral Tribunalarbitral tribunal. 3. The said Tribunal arbitration tribunal shall be created as follows constituted for each specific particular case in the following manner: each Contracting Party shall appoint one arbitratormember, and the two arbitrators thus appointed members shall appoint appoint, by mutual agreement agreement, a national of a third Country, State who shall be designated appointed by both Contracting Parties as Chairman chairman of the Tribunal by the two Contracting Partiesarbitration tribunal. All the arbitrators must members shall be appointed within two months from of the date of notification by on which one Contracting Party to has notified the other Contracting Party of its intention to submit the disagreement dispute to arbitration. 4. If the periods specified time limits laid down in Paragraph paragraph 3 above have not been metobserved, either Contracting PartyParty shall, in the absence of any other agreement, shall invite the Secretary General President of the United Nations Organization International Chamber of Commerce to make the necessary appointments. If the Secretary General President is a national of either Contracting Party, Party or if he is otherwise prevented from discharging the said exercising this function, the Undermost senior Vice-Secretary next in seniority to the Secretary General, President who is not a national of either one of the Contracting Party, Parties shall make the necessary appointments. 5. The arbitration tribunal shall reach take its decisions by a majority of votesvote. These Such decisions shall be final and legally binding upon on the Contracting Parties. The Tribunal arbitration tribunal shall set determine its own rules of procedurerules. It shall interpret the judgment award at the request of either Contracting Party. Unless otherwise decided by the tribunalarbitration tribunal decides otherwise, in accordance with special taking into account particular circumstances, the legal costscosts of the arbitration proceedings, including the fees of the arbitrators, shall be shared equally between by the two Contracting Parties.

Settlement of Disputes between Contracting Parties. 1. Disputes relating to the interpretation or application of this Agreement shall be settled, if possible, by diplomatic channels. 2. If the dispute has not been settled within a period of six months from the date on which the matter was raised by either Contracting Party, it may be submitted at the request of either Contracting Party to an Arbitral Tribunal. 3. The said Tribunal shall be created as follows for each specific case case: each Contracting Party shall appoint one arbitrator, and the two arbitrators thus appointed shall appoint by mutual agreement a national of a third Country, who shall be designated as Chairman of the Tribunal by the two Contracting Parties. All the arbitrators must be appointed within two months from the date of notification by one Contracting Party to the other Contracting Party of its intention to submit the disagreement to arbitration. 4. If the periods specified in Paragraph 3 above have not been met, either Contracting Party, in the absence of any other agreement, shall invite the Secretary General of the United Nations Organization to make the necessary appointments. If the Secretary General is a national of either Contracting Party, or if he is otherwise prevented from discharging the said function, the Under-Secretary next in seniority to the Secretary General, who is not a national of either Contracting Party, shall make the necessary appointments. 5. The tribunal shall reach its decisions by a majority of votes. These decisions shall be final and legally binding upon the Contracting Parties. The Tribunal shall set its own rules of procedure. It shall interpret the judgment at the request of either Contracting Party. Unless otherwise decided by the tribunal, in accordance with special circumstances, the legal costs, including the fees of the arbitrators, shall be shared equally between the two Contracting Parties.

Settlement of Disputes between Contracting Parties. 1. Disputes relating to concerning the interpretation or application of this Agreement Agreement, other than disputes concerning investments referred to in Article 8 of this Agreement, shall be settled, if possible, by through diplomatic channels. 2. If lf the dispute has is not been settled within a period of six months from the date on which the matter was of its being raised by either Contracting Party, it may shall be submitted submitted, at the request of either Contracting Party Party, to an Arbitral Tribunalarbitration tribunal. 3. The said Tribunal tribunal shall be created as follows constituted for each specific particular case in the following manner: each Contracting Party shall appoint one arbitratormember, and the two arbitrators thus appointed members shall appoint appoint, by mutual agreement agreement, a national of a third Country, State who shall be designated nominated as Chairman President of the Tribunal tribunal by the two both Contracting Parties. All the arbitrators must members shall be appointed within two months from of the date of notification by on which one Contracting Party to has notified the other Contracting Party of its intention to submit the disagreement dispute to arbitration. 4. If the periods specified time limits laid down in Paragraph paragraph 3 above have not been metobserved, either Contracting PartyParty shall, in the absence of any other agreement, shall invite the Secretary Secretary-General of the United Nations Organization to make the necessary appointments. If the Secretary Secretary-General is a national of either Contracting Party, Party or if he is otherwise prevented from discharging the said exercising this function, the most senior Under-Secretary next in seniority to the Secretary General, Secretary-General who is not a national of either Contracting Party, Party shall make the necessary appointments. 5. The arbitration tribunal shall reach take its decisions by a majority of votesvote. These Such decisions shall be final and legally binding upon on the Contracting Parties. The Tribunal tribunal shall set determine its own rules of procedurerules. It shall interpret the judgment award at the request of either Contracting Party. Unless otherwise decided by the tribunaltribunal decides otherwise, in accordance with special taking into account particular circumstances, the legal costscosts of the arbitration proceedings, including the fees of the arbitrators, shall be shared equally between by the two Contracting Parties.