Common use of Awards Clause in Contracts

Awards. (1) The arbitral tribunal, in its award, shall set out its findings of law and fact, together with the reasons therefore, and may, at the request of a Contracting Party, award the following forms of relief: a) A declaration that an action of a Contracting Party is in contravention of its obligations under this Agreement; b) A recommendation that a Contracting Party brings its actions into conformity with its obligations under this Agreement; or c) Any other form of relief to which the Contracting Party against whom the award is made consents. (2) The arbitration award shall be final and binding upon the parties to the dispute.

Appears in 16 contracts

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

Awards. (1) The arbitral tribunal, in its award, shall set out its findings of law and fact, together with the reasons therefore, and may, at the request of a Contracting Party, award the following forms of relief: a) A a declaration that an action of a Contracting Party is in contravention of its obligations under this Agreement; b) A a recommendation that a Contracting Party brings its actions into conformity with its obligations under this Agreement; or c) Any any other form of relief to which the Contracting Party against whom the award is made consents. (2) The arbitration award shall be final and binding upon the parties to the dispute.

Appears in 2 contracts

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

Awards. (1) The arbitral tribunal, in its award, shall set out its findings of law and fact, together with the reasons therefore, and may, at the request of a Contracting Party, award the following forms of relief, separately or in combination: a) A declaration that an action of a Contracting Party is in contravention of its obligations under this Agreement; b) A recommendation that a Contracting Party brings its actions into conformity with its obligations under this Agreement; ; b) Pecuniary compensation for any loss or damage to the requesting Contracting Party's investor or its investment or c) Any other form of relief to which the Contracting Party against whom the award is made consents, including restitution in kind to an investor. (2) The arbitration award shall be final and binding upon the parties to the dispute.

Appears in 1 contract

Sources: Investment Protection Agreement

Awards. (1) The arbitral tribunal, in its award, shall set out its findings of law and fact, together with the reasons therefore, and may, at the request of a Contracting Party, award the following forms of relief: a(2) A declaration that an action of a Contracting Party is in contravention of its obligations under this Agreement; b) A recommendation that a Contracting Party brings its actions into conformity with its obligations under this Agreement; or c) Any other form of relief to which the Contracting Party against whom the award is made consents. (2) The arbitration award shall be final and binding upon the parties to the dispute.

Appears in 1 contract

Sources: Agreement for the Promotion and Protection of Investment

Awards. (1) The arbitral tribunal, in its award, shall set out its findings of law and fact, together with the reasons therefore, and may, at the request of a Contracting Party, award the following forms of relief: a) A a declaration that an action of a Contracting Party is in contravention of its obligations under this Agreement; b) A a recommendation that a Contracting Party brings its actions into conformity with its obligations under this Agreement; or; c) Any pecuniary compensation for any loss or damage to the requesting Party's investor or its investment or d) any other form of relief to which the Contracting Party against whom the award is made consents, including restitution in kind to an investor. (2) The arbitration award shall be final and binding upon the parties to the dispute.

Appears in 1 contract

Sources: Investment Agreement