Arbitration decisions and related Disputes Sample Clauses

Arbitration decisions and related Disputes. The decision of the arbitration tribunal pursuant to a reference under clause 23.1 shall be final and binding on both parties and the parties shall comply with such decision provided that (for the avoidance of doubt) the arbitration tribunal shall not have the power to modify the terms of this agreement. The disputing parties hereby waive any right to challenge or appeal any award of the arbitration tribunal to the full extent permitted by Law. The arbitration tribunal appointed in accordance with clause 23 shall have the powers referred to in section 35 of the Arbitration Act 1996 in relation to the consolidation of related proceedings. If a Dispute has been referred to an arbitration tribunal pursuant to clause 23 and a related Dispute has also been so referred to an arbitration tribunal for determination either party (or the Authority) may request the relevant arbitration tribunals to consolidate the related Disputes. Within ten (10) Business Days of receiving the request referred to in clause 24.4, the first arbitration tribunal appointed in respect of any Related Dispute may, if it considers it appropriate, order consolidation of some or all of the related Disputes and shall in such circumstances have the authority and power referred to in clause 24.3. Any dispute between arbitration tribunals shall be referred to the LCIA for resolution. In the event of the arbitration tribunal ordering consolidation of the Related Disputes in accordance with clause 24.5, the arbitration tribunal shall have the authority and power to direct that all matters arising in the relevant Related Disputes are consolidated in whatever manner the arbitration tribunal determines and the Disputing parties shall thereafter abide by and implement such consolidation and any such direction. In the event that the related Disputes are consolidated the arbitration tribunal shall determine all the consolidated related Disputes at the same time. Each party shall ensure that the Authority receives notification of the outcome of the determination by an arbitration tribunal of any Dispute. By agreeing to arbitration, the parties do not intend to deprive the courts of England and Wales of their jurisdiction to issue a pre-arbitral injunction, pre-arbitral attachment, or other order in aid of arbitration proceedings and the enforcement of any award. Without prejudice to such provisional remedies as may be available under the jurisdiction of the courts of England and Wales, the arbitration tri...