The request for arbitration, which will likely take years to resolve, follows a 90-day period of negotiations between the government and the company in an attempt to resolve the dispute.
This allows the foreign investor to bypass national jurisdictions that might be perceived to be biased or to lack independence, and to resolve the dispute in accordance to different protections afforded under international treaties.
Maximises the use of consensual measures to resolve the dispute, that is, favouring negotiation and mediation before adjudication, unless negotiation and mediation are not appropriate for resolving the dispute..
In case of any disputes occurred due to agreement content or performance, both parties shall make friendly negotiation in order to resolve the dispute. If the negotiation cannot be reached, either party can bring the case to the court with jurisdiction.
Before resorting to these alternatives, we strongly encourage you to first contact us directly to seek a resolution by reaching out to us. We will consider reasonable requests to resolve the dispute through alternative dispute resolution procedures, such as mediation or arbitration, as alternatives to litigation.
To request the courts of any country deciding proceedings relating to an intra-EU arbitration award to either set the award aside or refuse to enforce it, because of a lack of valid consent to the dispute being resolved by arbitration. 5.
The concept of force majeure is absent in the civil code and is replaced by more vague synonymous concepts, which complicates not only the understanding of the obligations between the parties, but also the ways to resolve disputes.
The use of international arbitration has evolved to allow parties from different legal, linguistic and cultural backgrounds to resolve their disputes in a final and binding manner, typically without the formalities of the procedural rules of their own legal systems.
On our side, billing data is stored for as long as you continue to use our service, and for up to 10 years after that. If legal obligations change, or we need to resolve disputes and enforce our agreements, we may be obliged to keep this data longer than that.
Any visitor to this website has the right to find confidential information from the owner in order to resolve disputes, conclude partnerships, or other information regarding the quality of online navigation and data security.
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