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

  • Note by the Secretariat: This Panel Report shall be adopted by the Dispute Settlement Body (DSB) within 60 days after the date of its circulation unless a party to the dispute decides to appeal or the DSB decides by consensus not to adopt the report.

  • The parties, and Members having notified their interest in the dispute to the Dispute Settlement Body in accordance with Article 10 of the DSU (hereafter "third parties"), shall be present at the meetings only when invited by the Panel to appear before it.

  • 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").

  • The preparations vary based on the type of disease treated and the actual site of the ailment.

  • For greater certainty, a Party may: (a) raise a customs duty to the level established in its Schedule set out in Annex 2B following a unilateral reduction for the respective year; or (b) maintain or increase a customs duty as authorized by the Dispute Settlement Body of the WTO or in accordance with Chapter Twenty-Three (Dispute Settlement).

  • 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 Dispute Settlement Body is hereby established to administer these rules and procedures and, except as otherwise provided in a covered agreement, the consultation and dispute settlement provisions of the covered agreements.

  • Settling disputes is the responsibility of the Dispute Settlement Body.

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

  • 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.


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." DSM 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 DSP – 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. DSU – 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

  • Dispute Date means, with respect to a Dispute, the date on which a Dispute Notice is effectively delivered by one party to the other party save that if, with respect to a Dispute, both parties deliver a Dispute Notice, the date on which the first in time of such notices is effectively delivered will be the Dispute Date. Each Dispute Notice will be effectively delivered if delivered in the manner agreed between the parties for the giving of notices in respect of this Agreement.

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

  • Settlement Bank means a participant whose PM account or sub-account is used to settle AS payment instructions,

  • 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.

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • 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;

  • Alternative dispute resolution means mediation, arbitration, conciliation, or other nonjudicial procedure that involves a neutral party in the decisionmaking process. The form of alternative dispute resolution chosen pursuant to this article may be binding or nonbinding, with the voluntary consent of the parties.

  • Settlement Price means the agreed upon price at which to purchase and sell a specified type and quantity of a commodity.

  • ASX Settlement Operating Rules means the rules of ASX Settlement Pty Ltd which apply while the Company is an issuer of CHESS approved securities;