Common use of With Reference to Article 9 Clause in Contracts

With Reference to Article 9. Pursuant to Art. 9 (3) (b), the arbitration will be carried out in accordance with the arbitration criteria of the United Nations Commission for International Commercial Law (UNCITRAL) with the observance of the following provisions as well: a) The Arbitral Tribunal shall be composed of three arbitrators. If they are not citizens of the two Contracting Parties, they must possess citizenship of States having diplomatic relations with both Contracting Parties. The nominees of the Arbitration Institute of the Stockholm Chamber will provide to the appointment of the arbitrators that are necessary according to the UNCITRAL Regulation. The seat of the arbitration will be Stockholm, unless otherwise agreed between the parties involved. b) In issuing its decision, the Arbitral Tribunal shall in any case apply the provisions contained in the present Agreement, as well as the principles of international law recognized by the two Contracting Parties. The recognition and enforcement of the arbitration decision in the territory of the Contracting Parties will be governed by their respective national laws in accordance with the international conventions on which they are a party.

With Reference to Article 9. Pursuant to Art. Under Article 9 (3) (b), the arbitration will shall be carried out conducted in accordance with the arbitration criteria standards of the United Nations Commission for on International Commercial Trade Law (UNCITRAL) ), as well as in accordance with the observance of the following provisions as wellprovisions: a) The Arbitral Arbitration Tribunal shall be composed of three arbitrators. If ; if they are not citizens nationals of either Contracting Party, they shall be nationals of the two Contracting Parties, they must possess citizenship of States state having diplomatic relations with both Contracting Parties. The nominees appointment of the arbitrators, when necessary, pursuant to the UNCITRAL Rules, shall be done by the President of the Arbitration Institute of the Stockholm Chamber will provide to the appointment of the arbitrators that are necessary according to the UNCITRAL RegulationChamber, in his capacity as appoint authority. The seat of the arbitration will be take place in Stockholm, unless otherwise the two Contracting Parties have agreed between the parties involvedotherwise. b) In issuing When delivering its decision, the Arbitral Arbitration Tribunal shall in any case apply the also provisions contained in the present this Agreement, as well as the principles of the international law recognized by the two both Contracting Parties. The recognition and enforcement implementation of the arbitration decision in the territory of the both Contracting Parties will shall be governed by their respective national laws legislations, in accordance compliance with the relevant international conventions on which they are a partyparties to.