Dispute Settlement Mechanism. 1. The Parties shall, within 1 year after the date of entry into force of this Agreement, establish appropriate formal dispute settlement procedures and mechanism for the purposes of this Agreement.
Dispute Settlement Mechanism. 1. Disputes related to the interpretation or application of this Agreement shall be resolved by negotiations within a bilateral framework to be convened by the High Steering Committee.
Dispute Settlement Mechanism. 1. Any dispute that may arise among the Contracting States regarding the interpretation and application of the provisions of this Agreement or any instrument adopted within its framework concerning the rights and obligations of the Contracting States will be amicably settled among the parties concerned through a process initiated by a request for bilateral consultations.
Dispute Settlement Mechanism. Article 113
Dispute Settlement Mechanism. Any dispute arising between the Parties regarding interpretation, application or implementation of this Agreement shall be settled amicably through consultations.
Dispute Settlement Mechanism. Should any dispute between Parties and/or any VWH member and Nautilus arising from the interpretation of any one or more clauses in either this agreement and/or the appended and/or later to be appended regulations, prove impossible to solve by said Parties, the claiming Party is to notify the other Party in writing. Parties are bound to make every effort to arrive at a mutually acceptable resolution within a period of two months of having received the aforementioned written notification. Disclaimer: whilst every care has been taken in the translation of this text it shall not be considered legally binding. The contents are not intended as a substitute for the contents of the original text, and they are not intended as a substitute for legal advice. Should no resolution be achieved within said two-month period, a dispute between Parties and/or any VWH member and Nautilus shall be recognised as such if and when either one of the Parties or the VWH member in question informs the other Party, in writing, of the existence of said dispute.
Dispute Settlement Mechanism. Should any dispute between Parties and/or any VWH member and Nautilus arising from the interpretation of any one or more clauses in either this agreement and/or the appended and/or later to be appended regulations, prove impossible to solve by said Parties, the claiming Party is to notify the other Party in writing. Parties are bound to make every effort to arrive at a mutually acceptable resolution within a period of two months of having received the aforementioned written notification. Should no resolution be achieved within said two-month period, a dispute between Parties and/or any VWH member and Nautilus shall be recognised as such if and when either one of the Parties or the VWH member in question informs the other Party, in writing, of the existence of said dispute.
Dispute Settlement Mechanism. 1. The Parties agree to establish formal procedures and mechanisms for the settlement of any dispute arising between the Parties regarding the interpretation, application or implementation of this Protocol and its Annexes.
Dispute Settlement Mechanism. Every dispute or difference arising between the parties as to the interpretation, operation, or effect of any clause in the MoU which cannot be mutually resolved, shall be referred to the Executive Committee of Party A. If not resolved than the same shall be referred to sole Arbitrator, which shall be nominated by mutual consent of the parties. The decision of the sole Arbitrator shall be binding on the Parties. The Arbitration Act, 1940 and rules made there under shall be applied to the arbitration proceedings under this clause. The venue of Arbitration shall be Islamabad. In witness whereof the Parties hereto have reduced in writing the MoU and put their respective hands thereupon on this day of (Month) 2018. Signature: Signature Company Secretary C.E.O / Managing Director FGEHF, Islamabad In the presence of: Witness 1 Witness 1
Dispute Settlement Mechanism. There are two kinds of Dispute Settlement on the BIT, which are Dispute Settlement Between States and Dispute Settlement Between Investor and State. One of the important international conventions related to investment dispute settlement is The Washington Convention 1965, also known as the ICSID Convention. Through the provisions in this convention, the International Centre for the Settlement of Investment Disputes (ICSID) is established. BITs are also the legal basis under which the dispute settlement will be brought through arbitration. ICSID is often referred to facilitate the resolving investment dispute. Because it does not have a permanent arbitral tribunal, the ICSID allows independent arbitral tribunals and arbitrations mechanism.
