Reasonable Period of Time. 1. The reasonable period of time shall be mutually determined by the Parties, or where the Parties fail to agree on the reasonable period of time within 45 days of the release of the arbitral tribunal's report, either Party may refer the matter to the original arbitral tribunal (to the extent this is possible), which shall determine the reasonable period of time following consultation with the Parties. 2. The arbitral tribunal shall provide its report to the Parties within 60 days after the date of the referral of the matter to it. When the arbitral tribunal considers that it cannot provide its report within this timeframe, it shall inform the Parties in writing of the reasons for the delay together with an estimate of the period within which it will submit its report. Any delay shall not exceed a further period of 30 days, unless the Parties otherwise agree.
Appears in 4 contracts
Samples: Zealand Free Trade Agreement, Zealand Free Trade Agreement, Zealand Free Trade Agreement
