Common use of The Arbitral Proceedings Clause in Contracts

The Arbitral Proceedings. 1. An arbitral tribunal established under this Section shall decide all questions relating to its competence and, subject to any agreement between the Parties, determine its own procedure. At any stage of the proceedings, the arbitral tribunal may propose to the Parties that the dispute be settled amicably. At all times, the arbitral tribunal shall afford a fair hearing to the Parties. 2. The arbitral tribunal shall decide the issues in dispute in accordance with this Agreement and the applicable rules and principles of international law. 3. The arbitral tribunal shall reach its decision by majority vote. The award shall be issued in writing and shall contain the applicable law and legal findings. A signed award shall be delivered to each Party. The award shall be final and binding on the Parties.

The Arbitral Proceedings. 1. An arbitral A tribunal established under this Section shall decide all questions relating to its competence and, subject to any agreement between the Parties, determine its own procedure. At any stage of the proceedings, the arbitral tribunal may propose to the Parties that the dispute be settled amicably. At all times, the arbitral tribunal shall afford a fair hearing to the Parties. 2. The arbitral tribunal shall decide the issues in dispute in accordance with this Agreement and the applicable rules and principles of international law. 3. The arbitral tribunal shall reach its decision by majority vote. The award shall be issued in writing and shall contain the applicable law factual and legal findings. A signed award shall be delivered to each Party. The award shall be final and binding on the Parties.

The Arbitral Proceedings. 1. An arbitral tribunal established under this Section shall decide all questions relating to its competence and, subject to any agreement between the Parties, determine its own procedure. At any stage of the proceedings, the arbitral tribunal may propose to the Parties that the dispute be settled amicably. At all times, the arbitral tribunal shall afford a fair hearing to the Parties. 2. The arbitral tribunal shall decide the issues in dispute in accordance with this Agreement and the applicable rules and principles of international law. 3. The arbitral tribunal shall reach its decision by majority vote. The award shall be issued in writing and shall contain the applicable law factual and legal findings. A signed award shall be delivered to each Party. The award shall be final and binding on the Parties.