Settlement of Disputes between the Contracting Parties. 1. Any dispute which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels. 2. In the event that the dispute cannot be settled within six months of the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" Arbitration Tribunal as provided in this Article. 3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then choose a national of a Third State to serve as a President. The President shall be appointed within three months of the date on which the other two members are appointed. 4. If, within the period specified in paragraph 3. of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangement, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application shall be made to the Vice President of the Court. If the Vice President of the Court is a national of one of the Contracting Parties or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment. 5. The Arbitration Tribunal shall rule with a majority vote and its decisions shall be binding. Both Contracting Parties shall pay the costs of their own arbitration and of their representative at the hearings. The President's costs and any other cost shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 23 contracts
Samples: Investment Promotion and Protection Agreement, Investment Promotion and Protection Agreement, Investment Promotion and Protection Agreement
Settlement of Disputes between the Contracting Parties. 11 . Any dispute which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels.
22 . In the event that the dispute cannot be settled within six months of the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" hoc Arbitration Tribunal as provided in this Article.
33 . The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then than choose a national of a Third State to serve as a President. The President shall be appointed within three months of the date on which the other two members are appointed.
44 . If, within the period specified in paragraph 3. 3 of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangement, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application shall be made to the Vice President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties Parties, or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment.
55 . The Arbitration Tribunal shall rule with a majority vote vote, and its decisions shall be binding. Both Contracting Parties shall pay the costs of their own arbitration arbitrator and of their representative at the hearings. The President's costs and any other cost shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 8 contracts
Samples: Investment Protection Agreement, Investment Protection Agreement, Investment Protection Agreement
Settlement of Disputes between the Contracting Parties. 1. Any dispute which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channelsconsultations and negotiations.
2. In the event that the dispute cannot be settled within six months of the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" Arbitration hoc arbitration Tribunal as provided in this Article.
3. The Arbitration arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then choose a national of a Third State to serve as a President. The President shall be appointed within three months of the date on which the other two members are appointed.
4. If, within the period specified in paragraph 3. 3 of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangement, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application shall be made to the Vice President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties Parties, or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment.
5. The Arbitration arbitration Tribunal shall rule with a majority vote vote, and its decisions shall be binding. Both Contracting Parties shall pay the costs of their own arbitration and of their representative at the hearings. The President's costs and any other cost shall be divided equally between the Contracting Parties. The Arbitration arbitration Tribunal shall lay down its own procedures.
Appears in 5 contracts
Samples: Investment Protection Agreement, Investment Agreement, Investment Protection Agreement
Settlement of Disputes between the Contracting Parties. 1. Any dispute which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as if possible, be settled amicably through diplomatic channelsconsultation and negotiation.
2. In the event that the dispute cannot be settled within six months of from the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" Arbitration Tribunal as provided in this Article.
3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then choose a national of a Third State to serve as a President. The President shall be appointed within three months of from the date on which the other two members are appointed.
4. If, within the period specified in paragraph 3. 3 of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangement, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application shall be made to the Vice Vice-President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties Parties, or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment.
5. The Arbitration Tribunal shall rule with a majority vote vote, and its decisions shall be bindingbinding on both Contracting Parties. Both Each Contracting Parties Party shall pay the costs of their its own arbitration member of Tribunal and of their representative its representatives at the hearings. The President's costs and any other cost shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 5 contracts
Samples: Investment Promotion and Protection Agreement, Investment Protection Agreement, Investment Promotion and Protection Agreement
Settlement of Disputes between the Contracting Parties. 1. Any dispute disputes which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels.
2. In the event that the dispute cannot be settled within six three months of from the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Partiesthem, be laid before an "ad hoc" hoc Arbitration Tribunal as provided in this Article.
3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which receipt of the request for arbitration is receivedarbitration, each of the two Contracting Parties Party, shall appoint a member of the Tribunal. The These two members shall then choose select a national of a Third State to serve act as a PresidentChairman. The President Chairman shall be appointed within three months of from the date on which the other two members are appointed.
4. If, If the appointments have not been agreed within the period specified in time provided by paragraph 3. of this Article, the appointments have not been made, each either of the two Contracting Parties canParties, in default of any other arrangement, ask may apply to the President of the International Court of Justice to make the appointmentappointments within three months. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make he is otherwise prevented from discharging the appointmentsaid function, the application shall be made to the Vice President of the Court. If the Vice President of the Court is a national of one of the Contracting Parties or he is unable to make equally prevented from discharging the appointment said function for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointmentappointments.
5. The Arbitration Tribunal shall rule with a majority vote vote, and its decisions shall be binding. Both Contracting Parties shall pay the costs of their own arbitration arbitrator and of their representative own costs at the hearings. The President's costs and any other cost costs shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 3 contracts
Samples: Investment Protection Agreement, Investment Protection Agreement, Investment Protection Agreement
Settlement of Disputes between the Contracting Parties. 1. Any dispute which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels.
2. In the event that the dispute cannot be settled within six months of from the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" Arbitration Tribunal as provided in this Article.
3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then choose a national of a Third State to serve as a President. The President shall be appointed within three months of from the date on which the other two members are appointed.
4. If, within the period specified in paragraph 3. 3 of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangement, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application shall be made to the Vice Vice-President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties Parties, or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment.
5. The Arbitration Tribunal shall rule with a majority vote vote, and its decisions shall be bindingbinding on both Contracting Parties. Both Each Contracting Parties Party shall pay the costs of their its own arbitration member of Tribunal and of their representative its representatives at the hearings. The President's costs and any other cost shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 3 contracts
Samples: Investment Agreement, Investment Protection Agreement, Investment Protection Agreement
Settlement of Disputes between the Contracting Parties. 1. Any In case a dispute which may arise arises between the Contracting Parties on any alleged breaches in this Agreement, relating to the its interpretation and application of application, this Agreement shall, as far as possible, be settled amicably through diplomatic channelsconsultation and negotiation.
2. In the event that the dispute cannot be settled within six months of from the date on which one of the Contracting Parties notifies, Party notifies the other Contracting Party in writing, the other Contracting Party, the dispute shall, shall at the request of one of the Contracting Parties, be laid before an "ad hoc" hoc Arbitration Tribunal as provided for in this Article.
3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then choose a national of a Third State to serve as a President. The President shall be appointed within three months of from the date on which the other two members are appointed, by agreement of the Contracting Parties.
4. If, within the period specified in paragraph 3. 3 of this Article, the appointments have appointment has not been made, each of the two Contracting Parties canmay invite, in default of other arrangementarrangements, ask the President of the International Court of Justice to make the an appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it isif, for any reason, it is impossible for him him/her to make the appointment, the application shall be made to the Vice President of the Court. If the Vice President of the Court is a national of one of the Contracting Parties or or, for any reason, is unable to make the appointment for any reasonappointment, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment.
5. The Arbitration Tribunal shall rule with a majority vote vote, and its decisions decision shall be binding. Both Each Contracting Parties shall pay the costs cost of their its own arbitration arbitrator and of their its representative at the hearings. The President's costs ’s cost and any other cost shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own proceduresprocedure.
Appears in 2 contracts
Samples: Investment Protection Agreement, Investment Promotion and Protection Agreement
Settlement of Disputes between the Contracting Parties. 1. Any dispute which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels.
2. In the event that the dispute cannot be settled within six months of from the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" hoc Arbitration Tribunal as provided in this Article.
3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The These two members shall then will choose a national from any third, country who will be at the consent of both Contracting Parties appointed a Third State to serve as a PresidentPresident of the Tribunal. The President shall be appointed within three months of from the date on which the other two members are appointed.
4. If, within the period specified in paragraph 3. , of this Article, the appointments have not been made, each of the two Contracting Parties can, in . In default of other arrangementarrangements, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application shall be made to the Vice President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties Parties, or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the an appointment.
5. The Arbitration Tribunal shall rule with a majority vote vote, and its decisions shall be binding. Both Contracting Parties shall pay the costs of their own arbitration and of their representative at the hearings. The President's costs and any other cost shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 2 contracts
Samples: Investment Agreement, Investment Agreement
Settlement of Disputes between the Contracting Parties. 11 . Any dispute disputes which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels.
22 . In the event that the dispute cannot be settled within six months of from the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the either Contracting PartiesParty, be laid before an "ad hoc" hoc Arbitration Tribunal as provided in the following paragraphs of this Article.
33 . The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then choose a national of a Third third State to serve as a President. The President shall be appointed within three months of from the date on which the other two members are appointed.
44 . If, If within the period specified in paragraph 3. 3 of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangement, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application appointment shall be made to by the Vice President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties Parties, or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment.
55 . The Arbitration Tribunal shall rule with a majority vote vote, and its decisions shall be binding. Both Contracting Parties shall pay the costs of their own arbitration and of their representative at the hearings. The President's costs and any other cost costs shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 2 contracts
Samples: Investment Protection Agreement, Investment Protection Agreement
Settlement of Disputes between the Contracting Parties. 11 . Any dispute which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels.
22 . In the event that the dispute cannot be settled within six months of from the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" Arbitration Tribunal as provided in this Article.
33 . The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then choose a national of a Third State to serve as a President. The President shall be appointed within three months of from the date on which the other two members are appointed.
44 . If, within the period specified in paragraph 3. 3 of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangement, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application shall be made to the Vice Vice-President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties, or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment.paragraph 3 of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangement, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application shall be made to the Vice-President of the Court. If the Vice-President of the Court is a national of one of the Contracting Parties, or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment.
55 . The Arbitration Tribunal shall rule with a majority vote vote, and its decisions shall be bindingbinding on both Contracting Parties. Both Each Contracting Parties Party shall pay the costs of their its own arbitration member of Tribunal and of their representative its representatives at the hearings. The President's costs and any other cost shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 2 contracts
Samples: Investment Protection Agreement, Investment Protection Agreement
Settlement of Disputes between the Contracting Parties. 1. Any dispute which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels.
2. In the event that the dispute cannot be settled within six months of the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" hoc Arbitration Tribunal as provided in this Article.
3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members appointed arbitrators shall then choose select the President of the Arbitration Tribunal who is a national of a Third State to serve as a Presidentthird State. The President shall be appointed within three months of the date on which the other two members are appointed.
4. If, If within the period specified in paragraph 3. of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangementarrangements, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application shall be made to the Vice President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment.
5. The Arbitration Tribunal shall rule with a majority vote and its decisions shall be binding. Both Contracting Parties shall pay the costs of their own arbitration and of their representative at the hearings. The President's costs and any other cost shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 2 contracts
Samples: Investment Agreement, Investment Protection Agreement
Settlement of Disputes between the Contracting Parties. 1. Any The Contracting Parties shall seek in good faith and in a spirit of cooperation a rapid and equitable solution to any dispute which may arise between in relation to the interpretation or application of this Agreement. In this regard, the Contracting Parties relating agree to enter into direct and meaningful negotiations to reach this type of solutions. If the interpretation and application Contracting Parties can not reach an agreement within six (6) months after the start of this Agreement shallthe disputes between them through the above process, as far as possibledisputes may be submitted at the request of either Contracting Party, be settled amicably through diplomatic channelsto an arbitral tribunal of three members.
2. Within two (2) months following receipt of an application, each Contracting Party will appoint an arbitrator. The two arbitrators will choose a third arbitrator as President, who is a national of a third State. In the event case that the dispute cannot be settled within six months of the date on which one any of the Contracting Parties notifies, in writingParty does not appoint an arbitrator within the prescribed period, the other Contracting Party, the dispute shall, at the Party may request of one of the Contracting Parties, be laid before an "ad hoc" Arbitration Tribunal as provided in this Article.
3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then choose a national of a Third State to serve as a President. The President shall be appointed within three months of the date on which the other two members are appointed.
4. If, within the period specified in paragraph 3. of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangement, ask the President of the International Court of Justice to make the appointmentdesignation, within four months, from the date on which either Contracting Party has notified the other Contracting Party of its intention to submit the dispute to an arbitral tribunal.
3. In the event that a Contracting Party does not appoint an arbitrator or if the two arbitrators can not reach an agreement on the election of the President within the two (2) months after their appointment, the President shall be appointed at the request of the Court is a national of one any of the Contracting Parties or it is, for any reason, impossible for him to make by the appointment, the application shall be made to the Vice President of the Court. If the Vice President of the Court is a national of one of the Contracting Parties or is unable to make the appointment for any reason, the most senior member of the International Court of Justice.
4. If, who in the cases provided in paragraphs (2) and (3) of this article, the President of the International Court of Justice is not prevented from performing said function or if it is a national of one of the Contracting Parties, the designation shall be invited to make made by the appointmentVice President, and if the Vice President is prevented from performing said function, or if it is a national of either of the Contracting Parties, the appointment shall be made by the oldest member of the Court who is not national of any of the Contracting Parties.
5. The Arbitration Tribunal court shall rule have three (3) months from the date of the election of the President to agree on the procedural rules consistent with the other provisions of the present Agreement. In the absence of such an agreement, the court shall request the President of the International Court of Justice to establish a majority vote regulation, taking into Consideration of the generally recognized rules of procedural international arbitration.
6. Unless otherwise agreed, all presentations and its decisions all the hearings shall be binding. Both Contracting Parties completed within eight (8) months of the date of the election of the President and the court shall pay render its decision within two (2) months after the costs date of their own arbitration and closing arguments or closing date of their representative at the hearings, whichever is later. The arbitral tribunal will make its decisions, which will be definitive and binding, by majority vote. The Arbitral Tribunal will make its decision on the basis of this Agreement and in conformity with the applicable International Law between the Contracting Parties.
7. Expenses incurred by the President's costs , other arbitrators, and any other cost expenses of the procedure shall be divided equally between paid in equal parts by the Contracting Parties. The Arbitration court may, however, at its discretion, decide that a greater proportion of the costs shall be paid by one of the Contracting Parties.
8. A dispute will not be submitted to an international arbitral tribunal under the provisions of this article, if a dispute over the same matter has been brought before another international arbitral tribunal pursuant to the provisions of Article 10 and is still before the court. This will not affect the participation in direct and meaningful negotiations between the two Contracting Parties.
9. The Arbitral Tribunal shall lay down will adopt its own proceduresprocedural rules.
Appears in 2 contracts
Samples: Investment Protection Agreement, Investment Protection Agreement
Settlement of Disputes between the Contracting Parties. 1. Any dispute which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels.
2. In the event that the dispute cannot be settled within six months of from the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" Arbitration Tribunal as provided in this Article.
3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then choose chose a national of a Third State to serve as a President. The President shall be appointed within three months of from the date on which the other two members are appointed.
4. If, within the period specified in paragraph 3. 3 of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangement, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application shall be made to the Vice Vice-President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties Parties, or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment.
5. The Arbitration Tribunal shall rule with a majority vote vote, and its decisions shall be bindingbinding on both Contracting Parties. Both Each Contracting Parties Party shall pay the costs of their its own arbitration member of Tribunal and of their representative its representatives at the hearings. The President's costs and any other cost shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 1 contract
Samples: Investment Protection Agreement
Settlement of Disputes between the Contracting Parties. 1. Any dispute disputes which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels.
2. In the event that the dispute cannot be settled within six months of from the date on which one either of the Contracting Parties notifiesrequested, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" hoc Arbitration Tribunal as provided in this Article.
3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then choose a national of a Third State to serve as a President. The President shall be appointed within three months of from the date on which the other cther two members are appointed.
4. If, within the period specified in paragraph (3. ) of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangement, ask request the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application shall be made to the Vice Vice-President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties Parties, or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of Of one of the Contracting Parties, shall be invited to make the appointment.
5. The Arbitration Tribunal shall rule with a majority vote vote, and its decisions decision shall be binding. Both Contracting Parties shall pay the costs of their own arbitration and of their representative at the hearings. The President's costs costsâ and any other cost costs shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 1 contract
Settlement of Disputes between the Contracting Parties. 1. Any dispute which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels.
2. In the event that the dispute cannot be settled within six months of the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" hoc Arbitration Tribunal as provided in this Article.
3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then choose a national of a Third State to serve as a President. The President shall be appointed within three months of the date on which the other two members are appointed.
4. If, within the period specified in paragraph 3. of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangement, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application shall be made to the Vice Vice-President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties Parties, or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment.
5. The Arbitration Tribunal shall rule with a majority vote vote, and its decisions shall be binding. Both Contracting Parties shall pay the costs of their own arbitration and of their representative at the hearings. The President's costs and any other cost shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 1 contract
Samples: Investment Agreement
Settlement of Disputes between the Contracting Parties. 1. Any dispute which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels.
2. In the event that the dispute cannot be settled within six months of from the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" hoc Arbitration Tribunal as provided in this Article.
3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The These two members shall then will choose a national from any third country who will be at the consent of both Contracting Parties appointed a Third State to serve as a PresidentPresident of the Tribunal. The President shall be appointed within three months of from the date on which the other two members are appointed.
4. If, within the period specified in paragraph 3. of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangementarrangements, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application shall be made to the Vice President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties Parties, or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the an appointment.
5. The Arbitration Tribunal shall rule with a majority vote vote, and its decisions shall be binding. Both Contracting Parties shall pay the costs of their own arbitration and of their representative at the hearings. The President's costs and any other cost shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 1 contract
Samples: Investment Agreement
Settlement of Disputes between the Contracting Parties. 1. Any dispute dispute, which may arise between the Contracting Parties relating to the interpretation and application of this Agreement Agreement, shall, as far as possible, be settled amicably through diplomatic channels.
2. In the event that the dispute cannot be settled within six months of from the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" Arbitration Tribunal as provided in this Article.
3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then choose a national of a Third State to serve as a President. The President shall be appointed within three months of from the date on which the other two members are appointed.
4. If, within the period specified in paragraph 3. 3 of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangement, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application shall be made to the Vice Vice-President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties Parties, or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment.
5. The Arbitration Tribunal shall rule with a majority vote vote, and its decisions shall be bindingbinding on both Contracting Parties. Both Each Contracting Parties Party shall pay the costs of their its own arbitration member of Tribunal and of their representative its representatives at the hearings. The President's costs and any other cost shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 1 contract
Samples: Investment Agreement
Settlement of Disputes between the Contracting Parties. 1. Any dispute which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels.
2. In the event that the dispute cannot be settled within six months of the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shalldispute, at the request of one of the Contracting Parties, shall be laid before submitted to an "ad hoc" Arbitration hoc Arbitral Tribunal as provided in this Article.
3. The Arbitration Arbitral Tribunal shall be constituted in the following manner: within two months from the moment date on which the request for arbitration is received, each of the two Contracting Parties Party shall appoint a member of the Arbitral Tribunal. The Those two members shall then choose select a national of a Third third State to serve as a Presidentwho, on approval by the Contracting Parties, shall be appointed President of the Tribunal. The President shall be appointed within three months of the date on which the other two members are appointed.
4. If, within the period specified in paragraph 3. of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangement, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of Contracting Party, or if he is otherwise prevented from discharging the Contracting Parties or it is, for any reason, impossible for him to make the appointment, said function; the application shall be made to the Vice President of the Court. If the Vice Vice- President of the Court is a national of one of the Contracting Parties Parties, or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the either Contracting PartiesParty, shall be invited to make the appointment.
5. The Arbitration Arbitral Tribunal shall rule with a majority vote vote, and its decisions shall be final and binding. Both Each Contracting Parties Party shall pay the costs of their own arbitration members and of their representative at representation in the hearingsarbitral proceedings. The President's costs and any other cost costs shall be divided equally between the Contracting Parties. The Arbitration Arbitral Tribunal shall lay down establish its own rules of procedures.
Appears in 1 contract
Samples: Investment Protection Agreement
Settlement of Disputes between the Contracting Parties. 1. Any dispute which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels.
2. In the event that the dispute cannot be settled within six months of from the date on which one of the Contracting contracting Parties notifies, in writing, the other Contracting contracting Party, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" hoc Arbitration Tribunal as provided in this Article.
3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting contracting Parties shall appoint a member of the Tribunal. The two members shall then choose chose a national of a Third State to serve as a Presidentpresident. The President shall be appointed within three months of from the date on which the other two members are appointed.
4. If, within the period specified in paragraph 3. 3 of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangement, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application shall be made to the Vice President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties Parties, or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment.
5. The Arbitration Tribunal shall rule with a majority vote vote, and its decisions shall be bindingbinding on both Contracting Parties. Both Each Contracting Parties Party shall pay the costs of their its own arbitration member of Tribunal and of their representative its representatives at the hearings. The President's costs and any other cost shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 1 contract
Samples: Investment Agreement
Settlement of Disputes between the Contracting Parties. 1. 1- Any dispute disputes which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels.
2. 2- In the event that the dispute cannot be settled within six months of from the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" Arbitration Tribunal as provided in this Article.
3. 3- The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then choose nominate a President who shall be a national of a Third State to serve as a PresidentState. The President shall be appointed within three months of from the date on which the other two members are appointed.
4. 4- If, within the period specified in paragraph 3. 3 of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangementarrangements, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application shall be made to the Vice President of the Court. If the Vice President of the Court is a national of one of the Contracting Parties Parties, or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment.
5. 5- The Arbitration Tribunal shall rule with a majority vote vote, and its decisions shall be binding. Both Contracting Parties shall pay the costs of their own arbitration and arbitrationand of their representative at the hearings. The President's costs and any other cost costs shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 1 contract
Samples: Investment Agreement
Settlement of Disputes between the Contracting Parties. 1. Any dispute dispute, which may arise between the Contracting Parties Parties, relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channelsconsultation and negotiation.
2. In the event that the dispute cannot be settled within six months of from the date on which one of the Contracting Parties notifies, in writing, notifies the other Contracting PartyParty in writing, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" ad-hoc Arbitration Tribunal as provided for in this Article.
3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then choose a national of a Third State to serve as a President. The President shall be appointed within three months of from the date on which the other two members are appointed.
4. If, within the period specified in paragraph 3. 3 of this Article, the appointments have appointment has not been made, each of the two Contracting Parties can, in default of other arrangementarrangements, ask asks the President of the International Court of Justice to make the appointment. In the event that of the President of the Court is a national of one of the Contracting Parties or it isif, for any reason, it is impossible for him to make the appointment, the application shall be made to the Vice Vice-President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties or or, for any reason, is unable to make the appointment for any reasonappointment, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment.
5. The Arbitration Tribunal shall rule with a majority vote vote, and its decisions decision shall be binding. Both Contracting Parties shall pay the costs cost of their own arbitration and of their representative at the hearings. The President's costs ’s cost and any other cost shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own proceduresprocedure.
Appears in 1 contract
Settlement of Disputes between the Contracting Parties. 1. Any dispute which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably in a friendly way through diplomatic channels.
2. In the event that the dispute cannot be settled within six months of the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" ad-hoc Arbitration Tribunal as provided in this Article.
3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then choose a national of a Third State to serve as a President. The President shall be appointed within three months of the date on which the other two members are appointed.
4. If, within the period specified in paragraph 3. of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangement, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application shall be made to the Vice President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties Parties, or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment.
5. The Arbitration Tribunal shall rule with a majority vote vote, and its decisions shall be binding. Both Contracting Parties shall pay the costs of their own arbitration and of their representative at the hearings. The President's costs and any other cost shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 1 contract
Samples: Investment Agreement
Settlement of Disputes between the Contracting Parties. 1. 1- Any dispute disputes which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels.
2. 2- In the event that the dispute cannot be settled within six months of from the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" Arbitration Tribunal as provided in this Article.
3. 3- The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then choose nominate a President who shall be a national of a Third State to serve as a PresidentState. The President shall be appointed within three months of from the date on which the other two members are appointed.
4. 4- If, within the period specified in paragraph 3. 3 of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangementarrangements, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application shall be made to the Vice President of the Court. If the Vice President of the Court is a national of one of the Contracting Parties Parties, or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment.
5. 5- The Arbitration Tribunal shall rule with a majority vote vote, and its decisions shall be binding. Both Contracting Parties shall pay the costs of their own arbitration and of their representative at the hearings. The President's costs and any other cost costs shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 1 contract
Samples: Investment Protection Agreement
Settlement of Disputes between the Contracting Parties. 1. Any dispute which may arise between the Contracting Parties Parties, relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channelsconsultation and negotiation.
2. In the event that the dispute cannot be settled within six months of from the date on which one of the Contracting Parties notifies, in writing, notifies the other Contracting PartyParty in writing, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" ad-hoc Arbitration Tribunal as provided for in this Article.
3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then choose a national of a Third State to serve as a President. The President shall be appointed within three months of from the date on which the other two members are appointed.
4. If, within the period specified in paragraph 3. 3 of this Article, the appointments have appointment has not been made, each of the two Contracting Parties can, in default of other arrangementarrangements, ask request the President of the International Court of Justice to make the appointment. In the event that of the President of the Court is being a national of one of the Contracting Parties or it isif, for any reason, it is impossible for him to make the appointment, the application shall be made to the Vice Vice-President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties or or, for any reason, is unable to make the appointment for any reasonappointment, the most senior member of the International Court of Justice, Justice who is not a national of one of the Contracting Parties, shall be invited to make the appointment.
5. The Arbitration Tribunal shall rule with a majority vote vote, and its decisions decision shall be binding. Both Contracting Parties shall pay the costs cost of their own arbitration and of their representative at the hearings. The President's costs cost and any other cost shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own proceduresprocedure.
Appears in 1 contract
Samples: Investment Agreement
Settlement of Disputes between the Contracting Parties. 1. Any dispute which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels.
2. In the event that the dispute cannot be settled within six months of the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Parties, be laid before an "“ad hoc" ” Arbitration Tribunal as provided in this Article.
3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties Parties, shall appoint a member of the Tribunal. The Tribunal .The two members shall then choose a national of a Third State to serve as a President. The President .The President shall be appointed within three months of the date on which the other two members are appointed.
4. If, within the period specified in paragraph 3. 3 of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangement, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for or any reason, impossible for him to make the appointment, the application shall be made to the Vice President of the Court. If the Vice President of the Court is a national of one of the Contracting Parties or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment.
5. The Arbitration Tribunal shall rule with a majority vote and its decisions shall be binding. Both Contracting Parties shall pay the costs of their own arbitration and of their representative at the hearings. The President's ’s costs and any other cost shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 1 contract
Samples: Investment Agreement
Settlement of Disputes between the Contracting Parties. 1. Any dispute which may arise Disputes between the Contracting Parties relating to concerning the interpretation and or the application of this Agreement shall, as far as possible, be settled amicably through friendly consultation through diplomatic channelsmissions, including the use of specific bilateral committees already established between the same parties.
2. In the event that the dispute canIf such disputes can not be settled within six months of months, starting from the date on which one of the either Contracting Parties notifies, in writing, Party has made a written request to the other Contracting Party, the dispute shallthey will be submitted, at the request initiative of one of the Contracting Partieseither Party, be laid before by an tribunal arbitration "ad hoc" Arbitration Tribunal as provided ", in accordance with the provisions of this Article.
3. The Arbitration Tribunal arbitration tribunal shall be constituted in the following manneras follows: within two months from the moment on which date of receipt of the request for arbitration is receivedarbitration, each of the two Contracting Parties Party shall appoint a member of the TribunalCourt. The These two members shall States will then choose select a national of a Third State to serve third country party who will assume as a President. The President shall will be appointed within three two months from the appointment of the date on which the other two members are appointedaforementioned members.
4. If, within If the period time limits specified in paragraph 3. 3 above were not observed, in the absence of this Article, the appointments have not been madeanother agreement, each of the two Contracting Parties can, in default of other arrangement, ask Party could invite the President of the International Court of Justice to make the appointmentnecessary appointments. In the event that the President If they are nationals of the Court is a national of one of the Contracting Parties Party or it is, for any reasonother reason he cannot take the job, impossible for him to make the appointment, the application shall a request will be made to the Vice President of the Court. If Where then the Vice President of the Court is a national citizen of one of the either Contracting Parties Party or is unable to make the appointment for any reasonother reason is not able to accept, the most senior member of the International Court of Justice, Justice who follows him immediately in order of precedence and that is not a national of one of a the Contracting Parties, shall two Parties will be invited to make the appointmentinvited.
5. The Arbitration Tribunal shall rule with arbitral tribunal will decide by a majority vote of votes and its decisions shall will be binding. Both Each of the Contracting Parties shall pay will support the costs of its arbitrator for their own arbitration and of their representative at Participation in the hearingsrefered proceedings. The President's cost of the chairman and the remaining costs and any other cost shall be divided equally between the Contracting Partiesborne by either Party, to an equal extent. The Arbitration Tribunal shall lay down arbitration tribunal will establish its own proceduresrules.
Appears in 1 contract
Settlement of Disputes between the Contracting Parties. 1. Any dispute disputes which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels.
2. In the event that the dispute between the Contracting Parties cannot be settled within six months of from the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Partiesthem, be laid before an "ad hoc" hoc Arbitration Tribunal as provided in this Article.
3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which receipt of the request for arbitration is receivedarbitration, each of the two Contracting Parties Party shall appoint a member of the Arbitration Tribunal. The two members shall then choose select a national of a Third State to serve act as a PresidentChairman. The President Chairman shall be appointed within three months of from the date on which the other two members are appointed.
4. If, within the period specified in paragraph 3. of this Article, If the appointments have not been madeagreed within the time provided by paragraph 3 of this Article, each either of the two Contracting Parties canmay, in default of any other arrangement, ask apply to the President of the International Court of Justice to make the appointmentappointments within three months. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make he is otherwise prevented from discharging the appointmentsaid function, the application shall be made to the Vice Vice-President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties or he is unable to make equally prevented from discharging the appointment said function for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointmentappointments.
5. The Arbitration Tribunal shall rule with a majority vote vote, and its decisions shall be final and binding. Both Contracting Parties shall pay the costs of their own arbitration arbitrator and of their representative own other costs at the hearings. The President's costs and any other cost costs shall be divided equally between the Contracting Parties.
6. The Arbitration Tribunal shall lay down its own procedures.
Appears in 1 contract
Samples: Investment Agreement
Settlement of Disputes between the Contracting Parties. 1. Any dispute which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels.
2. In the event that the dispute cancan not be settled within six months of on the date on which one of the Contracting Parties Party notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" hoc Arbitration Tribunal as provided in this Article.
3. The Arbitration Tribunal shall be constituted constitued in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then choose a national of a Third State to serve as a President. The President shall be appointed within three months of from the date on which the other two members are appointed.
4. If, within the period specified in paragraph 3. 3 of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangementarrangements, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application shall be made to the Vice Vice-President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties Parties, or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment.
5. The Arbitration Tribunal shall rule with a majority vote and its decisions decision shall be binding. Both Contracting Parties shall pay the costs of their own arbitration and of their representative at the hearings. The President's costs and any other cost costs shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 1 contract
Samples: Investment Agreement
Settlement of Disputes between the Contracting Parties. 1. Any dispute dispute, which may arise between the Contracting Parties Parties, relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channelsconsultation and negotiation.
2. In the event that the dispute cannot be settled within six months of from the date on which one of the Contracting Parties notifies, in writing, notifies the other Contracting PartyParty in writing, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" hoc Arbitration Tribunal as provided for in this Article.
3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then choose a national of a Third State to serve as a President. The President shall be appointed with the mutual consent of the Contracting Parties within three months of from the date on which the other two members are appointed.
4. If, within the period specified in paragraph 3. 3 of this Article, the appointments have appointment has not been made, each of the two Contracting Parties can, in default of other arrangementarrangements, ask the President of the International Court of Justice to make the appointment. In the event that the President of the Court is a national of one of the Contracting Parties or it isif, for any reason, it is impossible for him to make the appointment, the application shall be made to the Vice Vice-President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties or or, for any reason, is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be invited to make the appointment.
5. The Arbitration Tribunal shall rule with a majority vote vote, and its decisions decision shall be binding. Both Contracting Parties shall pay the costs cost of their own arbitration and of their representative representatives at the hearings. The President's costs fees and any other cost shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own proceduresprocedure.
Appears in 1 contract
Samples: Investment Protection Agreement
Settlement of Disputes between the Contracting Parties. 1. Any dispute which may arise between the Contracting Parties relating to the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels.
2. In the event that the dispute cannot be settled within six months of from the date on which one of the Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall, at the request of one of the Contracting Parties, be laid before an "ad hoc" hoc Arbitration Tribunal as provided in this Article.
3. The Arbitration Tribunal shall be constituted in the following manner: within two months from the moment date on which the request for arbitration is received, each of the two Contracting Parties shall appoint a member of the Tribunal. The two members shall then choose a national of a Third State to serve act as a President. The President shall be appointed within three months of from the date on which the other two members are appointed.
4. If, within the period specified in paragraph 3. 3 of this Article, the appointments have not been made, each of the two Contracting Parties can, in default of other arrangement, ask the President of the International Court of Justice to make the appointmentappointments. In the event that the President of the Court is a national of one either of the Contracting Parties or it is, for any reason, impossible for him to make the appointment, the application shall be made to the Vice President of the Court. If the Vice Vice-President of the Court is a national of one of the Contracting Parties Parties, or is unable to make the appointment for any reason, the most senior member of the International Court of Justice, who is not a national of one either of the Contracting Parties, shall be invited to make the appointment.
5. The Arbitration Tribunal shall rule with a majority vote vote, and its decisions shall be binding. Both Contracting Parties shall pay the bear their own costs of their own arbitration and of their representative at the hearings. The President's costs and any other cost costs shall be divided equally between the Contracting Parties. The Arbitration Tribunal shall lay down its own procedures.
Appears in 1 contract
Samples: Investment Agreement