Common use of Settlement of Disputes between an Investor and a Contracting Party Clause in Contracts

Settlement of Disputes between an Investor and a Contracting Party. Any dispute concerning the investments occurring between one Contracting Party and a national or company of the other Contracting Party shall be settled amicably between the two parties concerned. If this dispute has not been settled within a period of six months from the date on which it occurred by one or other of the parties to the dispute, it shall be submitted at the request of either party to the arbitration of the International Centre for the Settlement of Investment Disputes (ICSID), created by the Convention for the settlement of disputes in respect of investments occurring between States and nationals of other States signed in Washington on March 18, 1965. In the case where the dispute may involve the responsibility for actions or omissions of sub- sovereign entities of the Contracting Parties as defined in article 1 paragraph 7 of the present Agreement, the aforementioned sub-sovereign entity must give their unconditional consent to the use of arbitration of of the International Centre for the Settlement of Investment Disputes (ICSID), as defined in article 25 of the Convention for the settlement of disputes in respect of investments occurring between States and nationals of other States signed in Washington on March 18, 1965.

Settlement of Disputes between an Investor and a Contracting Party. Any investment dispute concerning the investments occurring between one a Contracting Party and a national or company of the other Contracting Party shall be settled amicably between the two parties concerned. If this the dispute has not been settled within a period of six months from the date on which when it occurred was raised by one or other of the parties either party to the dispute, it dispute shall be submitted submitted, at the request of either party to the arbitration of by the International Centre for the Settlement of Investment Disputes (ICSID), created established by the Convention for on the settlement Settlement of disputes in respect of investments occurring Investment Disputes between States and nationals Nationals of other Other States signed in done at Washington on 18 March 18, 1965. In the case where If the dispute may is likely to involve the responsibility for actions acts or omissions of sub- sovereign entities by local governments of the Contracting Parties Parties, as defined in article 1 paragraph 7 of the present Article 1 of this Agreement, the aforementioned sub-sovereign entity must territorial authorities shall give their unconditional consent to the use of arbitration of of by the International Centre for the Settlement of Investment Disputes (ICSID), as defined in article 25 of the Convention for on the settlement Settlement of disputes in respect of investments occurring Investment Disputes between States and nationals Nationals of other Other States signed in done at Washington on 18 March 18, 1965.

Settlement of Disputes between an Investor and a Contracting Party. Any investment dispute concerning the investments occurring between one a Contracting Party and a national or company an investor of the other Contracting Party shall be settled amicably between the two parties concerned. If this such a dispute has cannot been be settled within a period of six months from the date on time at which it occurred was raised by one or other of the parties either party to the dispute, it shall be submitted at the request of either party of the parties to the arbitration of by the International Centre for the Settlement of Investment Disputes (ICSID), created established by the Convention for on the settlement Settlement of disputes in respect of investments occurring Investment Disputes between States and nationals Nationals of other Other States signed in done at Washington on 18 March 18, 1965. In the case where Where the dispute may involve the is likely to give rise to responsibility for the actions or omissions of sub- sovereign entities public authorities of one of the two Contracting Parties as defined in Parties, within the meaning of article 1 paragraph 7 2 of the present Agreement, the aforementioned sub-sovereign entity must such public body is required to give their unconditional its consent unconditionally to the use of resort to arbitration of of by the International Centre for the Settlement of Investment Disputes (ICSID), as defined in within the meaning of article 25 of the Convention for on the settlement Settlement of disputes in respect of investments occurring Investment Disputes between States and nationals Nationals of other Other States signed in done at Washington on 18 March 18, 1965.