Dispute Settlement Body definition

Dispute Settlement Body. ’ means the Dispute Set-
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Dispute Settlement Body means the body established to administer the provisions of the Protocol on Rules and Procedures on the Settlement of Disputes except as otherwise provided in this Agreement;
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Dispute Settlement Body means the body established pursuant to Article 5 of the the Protocol on Rules and Procedures on the Settlement of Disputes;
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Examples of Dispute Settlement Body in a sentence

  • The Council for Trade in Services or the Dispute Settlement Body (DSB) may, at the request of a Member, consult with any Member or Members in respect of any matter for which it has not been possible to find a satisfactory solution through consultation under paragraph 1.

  • The term ‘‘Dispute Settlement Body’’ means the Dispute Settlement Body administering the rules and procedures set forth in the Dis- pute Settlement Understanding.

  • Nothing in this Agreement shall preclude a Party from implementing the suspension of obligations authorised by the Dispute Settlement Body of the WTO.

  • This shall not preclude that either Party may maintain or increase a customs duty as authorised by the Dispute Settlement Body (DSB) of the WTO.

  • The arbitration panel shall also take into account relevant interpretations in reports of panels and of the Appellate Body adopted by the Dispute Settlement Body under Annex 2 of the WTO Agreement (hereinafter referred to as "DSB").

  • Where an obligation under this Agreement is identical to an obligation under the WTO Agreement, the arbitration panel shall take into account any relevant interpretation established in rulings of the WTO Dispute Settlement Body (hereinafter referred to as "DSB").

  • Technically, both the Dispute Settlement Body (DSB) and the Trade Policy Review Body (TPRB) are General Council meetings that are convened for the purpose of discharging the responsibilities of the DSB and TPRB, respectively.

  • We would strongly urge that such a review be undertaken pursuant to the Administrative Procedure Act, so that public comment could inform that process.

  • Nothing in this Agreement shall preclude a Party or, as appropriate, the signatory Central African States from implementing the suspension of obligations authorised by the Dispute Settlement Body of the WTO.

  • Upon failure of the consultation, the second stage can be opened by requesting the WTO Dispute Settlement Body to establish a panel.


More Definitions of Dispute Settlement Body

Dispute Settlement Body. When the WTO General Council meets to settle trade disputes. It is made up of all Members, usually represented by ambassadors or equivalent. The DSB has the authority to "establish panels, adopt panel and Appellate Body reports, maintain surveillance of implementation of rulings and recommendations, and authorise suspension of concessions and other obligations." their – Dispute settlement mechanism: A WTO forum introduced in 1995, that parties may use to assert rights under multilateral trade agreements. It prohibits a member from resorting to unilateral action in response to alleged violations by other members. All 144 members have exactly the same right to seek redress if they believe one of their trading partners is breaking WTO rules. Thus the mechanism protects weaker members against arbitrary or unilateral action by the strongest. It is therefore one of the cornerstones of the WTO – A dispute settlement panel in the WTO is a body established ad hoc to give a ruling in a trade- related dispute between two trading nations. It issues a report, which is then adopted by the DSB, and may be appeled to the Appellate Body. – Dispute Settlement Understanding: WTO Agreement concluded during the Uruguay Round about the Dispute Settlement called ―Understanding on Rules and Procedures Governing the Settlement of Disputes‖. Essentially, when two trading nations have a conflict, the DSU steps in and attempts to resolve the issue. In sum, "there are four phases in the WTO dispute settlement process: consultations, the panel process, the appellate process, and surveillance of implementation".
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Related to Dispute Settlement Body

  • Settlement Notice has the meaning specified in Section 14.02(a)(iii).

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Settlement Cycle means the period of Clearance System Business Days following a transaction on the Relevant Exchange in the Underlying, during which period settlement will customarily take place according to the rules of such Relevant Exchange.

  • Viatical settlement broker means a person, including a life insurance producer as provided for in section 508E.3, who, working exclusively on behalf of a viator and for a fee, commission, or other valuable consideration, offers or attempts to negotiate viatical settlement contracts between a viator and one or more viatical settlement providers or one or more viatical settlement brokers. Notwithstanding the manner in which the viatical settlement broker is compensated, a viatical settlement broker is deemed to represent only the viator, and not the insurer or the viatical settlement provider, and owes a fiduciary duty to the viator to act according to the viator’s instructions and in the best interest of the viator. “Viatical settlement broker” does not include an attorney, certified public accountant, or a financial planner accredited by a nationally recognized accreditation agency who is retained to represent the viator and whose compensation is not paid directly or indirectly by the viatical settlement provider or purchaser.

  • Dispute Notice means a written notice served by one Party on the other stating that the Party serving the notice believes that there is a Dispute;

  • Settlement Agent means, with respect to any Transaction the subject of which is a Wet-Ink Mortgage Loan, the entity approved by Buyer, in its sole good-faith discretion, which may be a title company, escrow company or attorney in accordance with local law and practice in the jurisdiction where the related Wet-Ink Mortgage Loan is being originated. A Settlement Agent is deemed approved unless Buyer notifies Seller otherwise at any time electronically or in writing.

  • Settlement Statement has the meaning set forth in Section 3.2(a).

  • Settlement Hearing means the hearing set by the Court under Rule 23(e)(2) of the Federal Rules of Civil Procedure to consider final approval of the Settlement.