DISPUTES RESOLUTION 样本条款

DISPUTES RESOLUTION. 23.1)The Laws of Hong Kong are applicable in the execution, validity, interpretation, per formance and dispute resolution of the Bidders Registration Form, Absentee Bids Registration Form, Telephone Bidding Registration Form and these Conditions (and documents referred therein). (23.2)In the event that disputes arise from the execution, validity, interpretation, enforcement or breaches of the Bidders Registration Form, Absentee Bids Registration Form, Telephone Bidding Registration Form and these Conditions, the Parties shall first settle the disputes through discussion. If such disputes cannot be resolved one month after their occurrence, either of Parties can submit the disputes to the Hong Kong International Arbitration Centre for arbitration in Hong Kong in accordance with the HKIAC Administered Arbitration Rules (2013). (23.3)The arbitral award shall be final and conclusive and binding on the Parties. The arbitral award can be enforced in the courts or judicial authorities at where the losing Party or where such Party’s assets are located. (23.4)The losing Party of the said arbitration shall be responsible for all the related expenses incurred by the prevailing Par t y(ies) in connection with undergoing the arbitration proceedings and enforcement of the arbitral award, including the costs of the arbitration tribunal or the court, legal fees, expert fees, witness fees, travel expenses, etc. already
DISPUTES RESOLUTION. Any dispute arising from or in connection with this contract shall be submitted to China Maritime Arbitration Commission (CMAC) for arbitration which shall be conducted in accordance with the CMAC's arbitration rules in effect at the time of applaying for arbitration. The arbitral award is final and binding upon both the Sellers and the Buyers.

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