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

Settlement of Disputes between the Parties. 1. Once the procedure under paragraph 3 of Article 24 has been exhausted and the dispute has not been resolved, either Party may submit the dispute to an ad hoc Arbitral Tribunal, in accordance with the provisions of this Article. Alternatively, the Parties may choose, by mutual agreement, to submit the dispute to a permanent arbitration institution for settlement of investment disputes. Unless the Parties decide otherwise, such institution shall apply the provisions of this Article. 2. The purpose of the arbitration is to determine the conformity with this Agreement of a measure that a Party claims to be not in conformity with the Agreement. 3. The following may not be subject to arbitration: Article 13 - Security Exceptions; Article 14 -

Settlement of Disputes between the Parties. 1. Once the procedure under paragraph 3 of Article 24 has been exhausted and the dispute has not been resolved, either Party may submit the dispute to an ad hoc Arbitral Tribunal, in accordance with the provisions of this ofthis Article. Alternatively, the Parties may choose, by mutual agreement, to submit the dispute to a permanent arbitration institution for settlement of investment disputes. Unless the Parties decide otherwise, such institution shall apply the provisions of this Article. 2. The purpose of the arbitration is to determine the conformity with this Agreement of a measure that a Party claims to not be not in conformity with the Agreement. 3. The following may not be subject to arbitration: Article 13 - Security Exceptions; Article 14 -