Common use of Suspension or Termination of Proceedings Clause in Contracts

Suspension or Termination of Proceedings. 1. The Parties may agree that the arbitration panel suspend its work at any time for a period not exceeding 12 months from the date of such agreement. In the event of such a suspension, the time-frames regarding the work of the arbitration panel shall be extended by the amount of time that the work was suspended. If in any case, the suspension of the work of the arbitration panel exceeds 12 months, the authority for the establishment of the arbitration panel shall lapse unless the Parties agree otherwise. This lapse shall not prejudice to the rights of the complaining Party to request, at a later stage, the establishment of an arbitration panel on the same subject matter.

Suspension or Termination of Proceedings. 1. The Parties may agree that the arbitration panel Arbitration Panel suspend its work at any time for a period not exceeding 12 months from the date of such agreement. In the event of such a suspension, the time-frames regarding the work of the arbitration panel Arbitration Panel shall be extended by the amount of time that the work was suspended. If in any case, the suspension of the work of the arbitration panel exceeds Arbitration Panel has been suspended for more than 12 months, the authority for the establishment of the arbitration panel Arbitration Panel shall lapse unless the Parties agree otherwise. This lapse shall not prejudice to the rights of the complaining Party to request, request at a later stage, the establishment of an arbitration panel Arbitration Panel on the same subject matter.

Suspension or Termination of Proceedings. 1. The Parties may agree that the arbitration panel suspend its work at any time for a period not exceeding 12 months from the date of such agreement. In the event of such a suspension, the time-frames regarding the work of the arbitration panel shall be extended by the amount of time that the work was suspended. If in any case, the suspension of the work of the arbitration panel exceeds 12 months, the authority for the establishment of the arbitration panel shall lapse unless the Parties agree otherwise. This lapse shall not prejudice to the rights of the complaining Party party to request, request at a later stage, the establishment of an arbitration panel on the same subject matter.