The Permanent Court of Arbitration Optional Rules for Arbitration Involving Sample Clauses
This clause establishes that disputes will be resolved under the Permanent Court of Arbitration (PCA) Optional Rules for Arbitration. These rules provide a framework for conducting arbitration proceedings, including procedures for appointing arbitrators, submitting evidence, and rendering decisions. By referencing the PCA Optional Rules, the clause ensures that parties have a clear, internationally recognized set of procedures to follow, which helps streamline dispute resolution and minimize uncertainty.
POPULAR SAMPLE Copied 1 times
The Permanent Court of Arbitration Optional Rules for Arbitration Involving. International Organisations and States in force at the date of entry into force of the Agreement will apply. The appointing authority will be the Secretary-General of the Permanent Court of Arbitration following a written request submitted by either party. The arbitration proceedings must take place in Brussels and the language used in the arbitral proceedings will be English. The arbitral award will be binding on all parties and will not be subject to appeal.]