Common use of Disputes between the Contracting Parties Clause in Contracts

Disputes between the Contracting Parties. 1. Any dispute between the Contracting Parties concerning the interpretation or application of this Agreement shall, if possible, be settled through diplomatic channels. 2. If the dispute cannot thus be settled within six months from the beginning of the negotiations, it shall upon the request of either Contracting Party be submitted to an arbitration tribunal. 3. The arbitration tribunal shall be constituted ad hoc as follows: Each Contracting Party shall appoint one arbitrator and these two arbitrators shall agree upon a national of a third state as chairman. The arbitrators shall be appointed within three months, the chairman within five months from the date on which either Contracting Party has informed the other Contracting Party that it intends to submit the dispute to an arbitration tribunal. 4. If within the periods specified in paragraph 3 of this Article the necessary appointments have not been made, any Party to the dispute 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 of the Court is a national of any Party to this dispute or if he is otherwise prevented from discharging the said function, the Vice-President or if he is a national of any Party or is otherwise prevented from discharging the said function, the Member of the Court next in seniority who is not a national of any Party to the dispute shall be invited to make the necessary appointments. 5. The arbitration tribunal shall decide on the basis of respect for the law, including particularly the present Agreement and other relevant agreements existing between the two Contracting parties and the generally acknowledged rules and principles of International law. 6. Unless the Parties decide otherwise, the tribunal shall determine its own procedure. 7. The tribunal shall reach its decision by a majority of votes. Such decision shall be final and binding on the Parties. 8. Each Contracting Party shall bear the cost of the arbitrator appointed by itself and of its representation. The cost of the chairman as well as the other costs will be borne in equal parts by the Contracting Parties

Appears in 3 contracts

Sources: Investment Protection Agreement, Investment Protection Agreement, Investment Protection Agreement

Disputes between the Contracting Parties. 1. Any dispute Disputes between the Contracting Parties concerning the interpretation or application of this Agreement shall, if possible, shall be settled through diplomatic channelschannels in a friendly way. 2. If the dispute cancan not be thus be settled within six months from the beginning start of the negotiations, it shall upon the dispute will be submitted to an arbitral tribunal at the request of either Contracting Party be submitted to an arbitration tribunalParty. 3. The arbitration arbitral tribunal shall be constituted ad hoc established as follows: Each each Contracting Party shall appoint one arbitrator and these two arbitrators shall agree upon elect a national chairman of the court, which must be a citizen of a third state as chairmanState. The arbitrators shall be appointed within three months, months and the chairman Chairman within five months from the date on which either Contracting Party has informed notifies the other Contracting Party that it intends of their intention to submit the dispute to an arbitration tribunalarbitration. 4. If within the periods specified period provided for in paragraph 3 of this Article Article, the necessary appointments have required appointment has not been made, any either Party to the dispute may, in the absence of any other agreement, invite the President of the International Court of Justice to make any the necessary appointments. If the President of the International Court of Justice is a national of any Party of the Parties to this the dispute or if he is otherwise prevented from discharging it can not perform the said function, the Vicevice-President or chairman or, if he is a national of any either Party or is otherwise prevented from discharging the said if you can not perform this function, the Member member of the Court next in seniority who is not a national citizen of any Party of the Parties to the dispute shall be invited to make for the production of the necessary appointments. 5. The arbitration arbitral tribunal shall decide will act on the basis of respect for the lawrelevant Legislation, including particularly including, in particular, the present Agreement and other relevant agreements existing between the two Contracting parties Parties and the generally acknowledged accepted rules and principles of International international law. 6. Unless the Parties decide otherwise, the arbitral tribunal shall determine the rules of its own procedurework. 7. The arbitral tribunal shall reach make its decision by a majority of votesvote. Such decision shall be this Decision is final and binding on the Partiesparties. 8. Each Contracting Party shall bear the cost costs of its appointed member of the arbitrator appointed by itself tribunal and of the costs associated with its representationparticipation in the arbitration proceedings. The cost of Spending the chairman as well as the and other costs expenses will be borne in equal parts by shared equally between the Contracting Parties.

Appears in 3 contracts

Sources: Investment Promotion and Protection Agreement, Investment Promotion and Protection Agreement, Investment Promotion and Protection Agreement

Disputes between the Contracting Parties. 1. Any dispute Disputes between the Contracting Parties concerning the interpretation or and application of this Agreement shall, if possible, should be settled amicably through diplomatic channels. 2. If the dispute cannot thus be settled within six months from the beginning of the negotiations, it shall upon the request of either Contracting Party be submitted to an arbitration arbitral tribunal. 3. The arbitration arbitral tribunal shall be constituted ad hoc as follows: Each Contracting Party shall appoint one arbitrator and these two arbitrators shall agree upon a national of a third state State as chairmanChairman. The arbitrators shall be appointed within three months, months and the chairman Chairman within five months from the date on which either Contracting Party has informed the other Contracting Party that it intends to submit the dispute to an arbitration arbitral tribunal. 4. If within the periods specified in paragraph 3 of this Article the necessary appointments have not been made, any Party to the dispute may, in the absence of any other agreement, invite the President of the International Court of Justice to make any the necessary appointments. If the President of the Court is a national of any Party to this the dispute or if he is otherwise prevented from discharging the said function, the Vice-President or or, if he is a national of any Party or is otherwise prevented from discharging the said function, the Member of the Court next in seniority who is not a national of any Party to the dispute shall be invited to make the necessary appointments. 5. The arbitration arbitral tribunal shall decide on the basis of respect for the law, including particularly the present Agreement and other relevant agreements existing between the two Contracting parties Parties and the generally universally acknowledged rules and principles of International international law. 6. Unless the Parties decide otherwise, the tribunal shall determine its own procedure. 7. The tribunal shall reach its decision by a majority of votes. Such decision shall be final and binding on the Parties. 8. Each Contracting Party shall bear the cost of the arbitrator appointed by itself it and of its representation. The cost of the chairman Chairman as well as the other costs will be borne in equal parts by the Contracting Parties.

Appears in 2 contracts

Sources: Investment Protection Agreement, Investment Protection Agreement

Disputes between the Contracting Parties. 1. Any dispute between the Contracting Parties concerning the interpretation or application of this Agreement shall, if possible, be settled through diplomatic channels. 2. If the dispute cannot thus be settled within six months from the beginning of date the negotiationsnegotiations have begun, it shall shall, upon the request of either Contracting Party Party, be submitted to an arbitration tribunal. 3. The arbitration tribunal shall be constituted ad hoc in each particular case as follows: Each Contracting Party shall appoint one arbitrator and these two arbitrators shall agree upon a national of a third state State as chairman. The arbitrators shall be appointed within three months, the chairman within five months from the date on which either Contracting Party has informed the other Contracting Party that it intends to submit the dispute to an arbitration tribunal. 4. If within the periods specified in paragraph 3 of this Article the necessary appointments have not been made, any made either Contracting Party to the dispute may, in the absence of any other agreement, invite the President of the International Court of Justice to make any the necessary appointments. If the President of the International Court is a national of any either Contracting Party to this dispute or if he is otherwise prevented from discharging the said function, the Vice-President or if he of the International Court shall be invited to make the necessary appointments. If the Vice-President is a national of any either Contracting Party or is otherwise prevented from discharging the said function, the Member of the International Court next in seniority who is not a national of any either Contracting Party to the dispute shall be invited to make the necessary appointments. 5. The arbitration tribunal shall decide on the basis of respect for the law, including particularly the present provisions of this Agreement and other relevant agreements existing between the two Contracting parties and as well as the generally acknowledged principles and rules and principles of International international law. 6. Unless the Parties decide otherwise, the tribunal shall determine its own procedure. 7. The arbitration tribunal shall reach its decision by a majority of votes. Such decision shall be final and binding on the Contracting Parties. 87. Each Contracting Party shall bear the cost of the arbitrator appointed by itself and of its representationrepresentation in the arbitral procedure. The cost of the chairman as well as the other costs will be borne born in equal parts by the Contracting Parties. With regard to any other issue the arbitration tribunal shall determine its own procedure.

Appears in 2 contracts

Sources: Investment Promotion and Protection Agreement, Investment Promotion and Protection Agreement

Disputes between the Contracting Parties. 1. Any dispute between the Contracting Parties concerning the interpretation or application of this Agreement shall, if possible, be settled through diplomatic channels. 2. If the dispute cannot thus be settled within six months from the beginning of the negotiations, it shall shall, upon the request of either Contracting Party be submitted to an arbitration tribunal. 3. The arbitration tribunal shall be constituted ad hoc as follows: , Each Contracting Party shall appoint one arbitrator and these two arbitrators shall agree upon a national of a third state State as chairman. The arbitrators shall be appointed within three months, the chairman within five months from the date on which either Contracting Party has informed the other Contracting Party that it intends to submit the dispute to an arbitration tribunal. 4. If within the periods specified in paragraph 3 of this Article the necessary appointments have not been made, any Party to the dispute 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 of the Court is a national of any Party party to this dispute or if he is otherwise prevented from discharging the said function, the Vicevice-President or if he is a national of any Party or is otherwise prevented from discharging the said function, the Member of the one Court next in seniority who is not a national of any Party party to the dispute shall be invited to make the necessary appointments. 5. The arbitration tribunal shall decide on the basis of respect for the law, including particularly the present Agreement and other relevant agreements existing between the two Contracting parties Parties and the generally acknowledged rules and principles of International international law. 6. Unless the Parties decide otherwise, the tribunal shall determine its own procedure. 7. The tribunal shall reach its decision by a majority of votes. Such decision shall be final and binding on the Partiesparties. 8. Each Contracting Contracting-Party shall bear the cost of the arbitrator appointed by itself and of its representation. The cost of the chairman as well as the other costs coats will be borne born in equal parts by the Contracting Parties.

Appears in 2 contracts

Sources: Investment Protection Agreement, Investment Protection Agreement

Disputes between the Contracting Parties. 1. Any dispute between the Contracting Parties concerning the interpretation or application of this Agreement shall, if possible, be settled through diplomatic channels. 2. If the dispute cannot thus be settled within six months from the beginning of the negotiations, it shall upon the request of either Contracting Party be submitted to an arbitration tribunal. 3. The arbitration tribunal shall be constituted ad hoc as follows: . Each Contracting Party shall appoint one arbitrator and these two arbitrators shall agree upon a national of a third state State as chairman. The arbitrators shall be appointed within three months, the chairman within five months from the date on which either Contracting Party has informed the other Contracting Party that it intends to submit the dispute to an arbitration tribunal. 4. If within the periods specified in paragraph 3 of this Article the necessary appointments have not been made, any Party to the dispute 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 of the Court is a national of any Party to this dispute or if he is otherwise prevented from discharging the said function, the Vice-President or if he is a national of any Party or is otherwise prevented from discharging the said function, the Member of the Court next in seniority who is not a national of any Party to the dispute shall be invited to make the necessary appointments. 5. The arbitration tribunal shall decide on the basis of respect for the law, including particularly the present Agreement and other relevant agreements existing between the two Contracting parties Parties and the generally acknowledged rules and principles of International law. 6. Unless the Parties decide otherwise, the tribunal shall determine its own procedure. 7. The tribunal shall reach its decision by a majority of votes. Such decision shall be final and binding on the Parties. 8. Each Contracting Party shall bear the cost of the arbitrator appointed by itself and of its representation. The cost of the chairman as well as the other costs will be borne born in equal parts by the Contracting Parties.

Appears in 1 contract

Sources: Investment Protection Agreement