Common use of Suspension and Termination of Proceedings Clause in Contracts

Suspension and Termination of Proceedings. Where the parties to the dispute agree, the arbitral panel may suspend its work at any time for a period not exceeding 12 months from the date of such agreement. Upon the request of any party to the dispute, the arbitral panel proceedings shall be resumed after such suspension. If the work of the arbitral panel has been suspended for more than 12 months, the authority of the arbitral panel shall lapse unless the parties to the dispute otherwise agree. The parties to the dispute may agree to terminate the proceedings of an arbitral panel at any time before the presentation of the final report to them, in the event that a mutually satisfactory solution to the dispute has been found. Before the arbitral panel makes its decision, it may, at any stage of the proceedings, propose to the parties to the dispute that the dispute be settled amicably.

Suspension and Termination of Proceedings. Where the parties to the dispute agree, the arbitral panel may suspend its work at any time for a period not exceeding 12 twelve (12) months from the date of such agreement. Upon the request of any party to the dispute, the arbitral panel proceedings proceeding shall be resumed after such suspension. If the work of the arbitral panel has been suspended for more than 12 twelve (12) months, the authority of the arbitral panel shall lapse unless the parties to the dispute otherwise agreeagree otherwise. The parties to the dispute may agree to terminate the proceedings of an arbitral panel at any time before the presentation of the final report to them, in the event that a mutually satisfactory solution to the dispute has been found. Before the arbitral panel makes its decision, it may, at any stage of the proceedings, propose to the parties to the dispute that the dispute be settled amicably.

Suspension and Termination of Proceedings. Where the parties to the dispute agree, the arbitral panel tribunal may suspend its work at any time for a period not exceeding 12 months from the date of such agreement. Upon the request of any party to the a dispute, the arbitral panel proceedings proceeding shall be resumed after such suspension. If the work of the arbitral panel tribunal has been suspended for more than 12 months, the authority for establishment of the arbitral panel tribunal shall lapse unless the parties to the dispute otherwise agreeconcerned agree otherwise. The parties to the a dispute may agree to terminate the proceedings of an arbitral panel at any time tribunal established under this Agreement before the presentation release of the final report to them, in the event that a mutually satisfactory solution to the dispute has been found. Before the arbitral panel tribunal makes its decision, it may, may at any stage of the proceedings, proceedings propose to the parties to the dispute that the dispute be settled amicably.