Common use of Financial Clause in Contracts

Financial. services panelists shall: (a) have expertise or experience in financial services law or practice, which may include the regulation of financial institutions; (b) be chosen strictly on the basis of objectivity, reliability, and sound judgment; (c) be independent of, and not be affiliated with or take instructions from, a disputing Party; and (d) comply with the code of conduct to be established by the Joint Commission. 4. Notwithstanding Article 23.17 (Non-Implementation and Compensation), where a panel finds a measure to be inconsistent with this Agreement and the measure under dispute affects: (a) only the financial services sector, the complaining Party may suspend benefits only in the financial services sector; (b) the financial services sector and any other sector, the complaining Party may suspend benefits in the financial services sector that have an effect equivalent to the effect of the measure in the Party's financial services sector; or (c) only a sector other than the financial services sector, the complaining Party shall not suspend benefits in the financial services sector.

Appears in 26 contracts

Samples: Trade Agreement, Trade Agreement, Trade Agreement

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