Common use of Arbitration Language and Rules Clause in Contracts

Arbitration Language and Rules. Unless otherwise provided by the arbitration rules of CIETAC, the arbitration proceeding shall be conducted in English. The arbitration tribunal shall be formed pursuant to the arbitration rules of CIETAC. Party B, Party C and Party D shall be deemed as one party in arbitration proceedings for purpose of the arbitration under this Agreement. The arbitration tribunal shall apply the arbitration rules of the CIETAC in effect on the date of execution of this Agreement. However, if such rules are in conflict with the provisions of this clause, or with Section 12 of this Agreement, then the terms of Section 12 of this Agreement shall prevail.

Appears in 3 contracts

Samples: Equity Pledge Agreement (China Jo-Jo Drugstores, Inc.), Voting Rights Proxy Agreement (China Jo-Jo Drugstores, Inc.), Operating Agreement (China Jo-Jo Drugstores, Inc.)

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Arbitration Language and Rules. Unless otherwise provided by the arbitration rules of CIETAC, the arbitration proceeding shall be conducted in English. The arbitration tribunal shall be formed pursuant to the arbitration rules of CIETAC. Party B, Party C and Party D shall be deemed as one party in arbitration proceedings for purpose of the arbitration under this Agreement. The arbitration tribunal shall apply the arbitration rules of the CIETAC in effect on the date of execution of this Agreement. However, if such rules are in conflict with the provisions of this clause, or with Section 12 6 of this Agreement, then the terms of Section 12 6 of this Agreement shall prevail.

Appears in 1 contract

Samples: Option Agreement (China Jo-Jo Drugstores, Inc.)

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