Common use of The Arbitral Proceedings Clause in Contracts

The Arbitral Proceedings. At the request of either of the Parties - an arbitration under this section shall be held in a State that is a party to the New York Convention. Only for the purposes of article 1 of the New York Convention, it shall be considered that claims submitted to arbitration under this section of a commercial relationship or transaction.

The Arbitral Proceedings. At the request of either of the Parties - any contending party, an arbitration under in accordance with this section shall will be held in a State that is a party to the New York Convention. Only Convention only for the purposes of article 1 of the New York Convention, it shall be is considered that claims submitted to arbitration under this section of a commercial relationship or transaction.