The Dispute Between Republic Sample Clauses

The Dispute Between Republic of Indonesia VS PT NNT Based on the agreed requirements by all parties, there is agreement clause which stresses on the obligation that need to be conducted by PT Newmont to divest it’s shares to local government. But such obligation was not conducted by Newmont therefore the government feels violated of it’s rights. Government of Republic of Indonesia filled a lawsuit towards NNT because of the xxxxx- tion towards Article 24 verse (3) and (4) and considered that NNT breach the contract becaus it failed to conduct it obligation of divestment in 2006 and 2007 based on the Contract signed by NNT xxx Government of Republic of Indonesia on 2 December 1986. Referring to the existing agreement, each dispute occured because of the agreement, then the related parties agree to settle it through international arbitration agency. The settlement process need to follow procedure set by United Nation Commission on Inter- national Trade Law (UNCITRAL). Arbitration process begun in July 2008 through correspon- dent until closed court on 8 to 13 Decembre in Jakarta. Panel consisted of three members. Two are law experts who each is appointed by Indonesian Government: Msonnarajah from Singapore and Newmont appointed Xxxxxxx Schewebel from United States, and one independent expert who is also the panel chief: Xxxxxx Xxxxxx from Switzerland. Based on arbitration process of PT Newmont Nusa Tenggara (PT NTT) divestment dispute settlement in Jakarta from 8 to 13 Decembre 2008 under the procedure of United Nation Com- mission on International Trade Law (UNCITRAL), Majelis Arbitrase (Arbitral Tribunal) on 31 March 2009 the final award issued which principally the Government of Republic of Indonesia won. The Arbitral Tribunal which consist of internationally known panel, states:
Sample 1
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Related to The Dispute Between Republic

  • Disputes between a Contracting Party and an Investor of the other Contracting Party

  • Settlement of Disputes between an Investor and a Contracting Party

  • Settlement of Disputes between the Contracting Parties 1. Disputes between the Contracting Parties concerning the interpretation or application of this Agreement should, if possible, be settled through diplomatic channels.

  • Settlement of Disputes between Contracting Parties (1) Disputes between Contracting Parties regarding the interpretation or application of the provisions of this Agreement shall be settled through official channels.

  • Settlement of Disputes between an Investor and a Contracting Party (1) Any dispute between an investor of one Contracting Party and the other Contracting Party in relation to an investment of the former under this Agreement shall, as far as possible, be settled amicably through negotiations between the parties to the dispute.

  • Disputes between an Investor and a Contracting Party (1) Any dispute concerning an investment between an investor of one Contracting Party and the other Contracting Party shall, if possible, be settled amicably.

  • Settlement of Disputes between the Parties 1. Any dispute between the Parties concerning the interpretation or application of this Chapter shall, as far as possible, be settled with consultation through diplomatic channel. 2. If a dispute cannot thus be settled within 6 months, it shall, upon the request of either Party, be submitted to an ad hoc arbitral tribunal. 3. Such tribunal comprises of 3 arbitrators. Within 2 months of the receipt of the written notice requesting arbitration, each Party shall appoint one arbitrator. Those 2 arbitrators shall, within further 2 months, together select a national of a third State having diplomatic relations with both Parties who, upon approval by the Parties, shall be appointed as Chairman of the arbitral tribunal. 4. If the arbitral tribunal has not been constituted within 4 months from the receipt of the written notice requesting arbitration, either Party may, in the absence of any other agreement, invite the President of the International Court of Justice to make any necessary appointments. If the President is a national of either Party or is otherwise prevented from discharging the said functions, the Member of the International Court of Justice next in seniority who is not a national of either Party or is not otherwise prevented from discharging the said functions shall be invited to make such necessary appointments. 5. The arbitral tribunal shall determine its own procedure. The arbitral tribunal shall reach its award in accordance with the provisions of this Agreement and the principles of international law recognized by both Parties. 6. The arbitral tribunal shall reach its award by a majority of votes. Such award shall be final and binding upon both Parties. The arbitral tribunal shall, upon the request of either Party, explain the reasons of its award. 7. Each Party shall bear the costs of its appointed arbitrator and of its representation in arbitral proceedings. The relevant costs of the Chairman and tribunal shall be borne in equal parts by the Parties.

  • Disputes between Contracting Parties (1) Disputes between Contracting Parties regarding the interpretation or application of the provisions of this Agreement shall be settled through diplomatic channels.

  • Disputes between the Contracting Parties 1. Any dispute between the Contracting Parties concerning the interpretation or application of this Agreement shall, as far as possible, be settled through negotiation.

  • Disputes between the Parties Any dispute between the Parties in connection with this Agreement shall be resolved by arbitration in accordance with the procedures set forth in Exhibit B; provided, however, that either Party may seek a restraining order, temporary injunction, or other provisional relief in any court with jurisdiction over the subject matter of the dispute and sitting in Houston, Texas, if such Party in its sole judgment believes that such action is necessary to avoid irreparable injury or to preserve the status quo ante.

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