BWBV0003393
Geldig vanaf 07-09-1973
Artikel XV
Overeenkomst inzake economische samenwerking tussen de Regering van het Koninkrijk der Nederlanden en de Regering van de Republiek Singapore
(1). Any dispute between the Contracting Parties concerning the interpretation or application of the present Agreement which cannot be settled within a reasonable lapse of time by means of diplomatic negotiations, shall be submitted, at the request of either Contracting Party, to an arbitral tribunal composed of three members. Each Contracting Party shall appoint one arbitrator and the two arbitrators thus appointed shall together appoint a third arbitrator as their chairman who is not a national of either Contracting Party.
(2). If one of the Contracting Parties fails to appoint its arbitrator within two months after an invitation from the other Contracting Party to make such appointment, the latter Contracting Party may invite the President of the International Court of Justice to make the necessary appointment.
(3). If the two arbitrators are unable to reach agreement, in the two months following their appointments, on the choice of the third arbitrator, either Contracting Party may invite the President of the International Court of Justice to make the necessary appointment.
(4). If, in the cases provided for in the paragraphs (2) and (3) of this Article, the President of the International Court of Justice is prevented from discharging the said functions or is a national of either Contracting Party, the Vice-President shall make the necessary appointments. If the Vice-President is prevented from discharging the said functions or is a national of either Contracting Party, the most senior member of the said Court who is not a national of either Contracting Party shall make the necessary appointments.
(5). The tribunal shall decide on the basis of respect for the law. Before the tribunal makes a decision, it may at any stage of the proceedings propose to the Contracting Parties that the dispute be settled amicably. The foregoing provisions shall not prejudice the power of the tribunal to decide the dispute ex aequo et bono if the Contracting Parties so agree.
(6). Unless the Contracting Parties decide otherwise, the tribunal shall determine its own procedure.
(7). The tribunal shall reach its decision by a majority of votes. Such decision shall be final and binding on the Contracting Parties.
(8). Each Contracting Party shall bear the cost of its own arbitrator and of its representatives in the arbitral proceedings. The cost of the chairman and the remaining costs shall be borne in equal parts by the Contracting Parties.
(2). If one of the Contracting Parties fails to appoint its arbitrator within two months after an invitation from the other Contracting Party to make such appointment, the latter Contracting Party may invite the President of the International Court of Justice to make the necessary appointment.
(3). If the two arbitrators are unable to reach agreement, in the two months following their appointments, on the choice of the third arbitrator, either Contracting Party may invite the President of the International Court of Justice to make the necessary appointment.
(4). If, in the cases provided for in the paragraphs (2) and (3) of this Article, the President of the International Court of Justice is prevented from discharging the said functions or is a national of either Contracting Party, the Vice-President shall make the necessary appointments. If the Vice-President is prevented from discharging the said functions or is a national of either Contracting Party, the most senior member of the said Court who is not a national of either Contracting Party shall make the necessary appointments.
(5). The tribunal shall decide on the basis of respect for the law. Before the tribunal makes a decision, it may at any stage of the proceedings propose to the Contracting Parties that the dispute be settled amicably. The foregoing provisions shall not prejudice the power of the tribunal to decide the dispute ex aequo et bono if the Contracting Parties so agree.
(6). Unless the Contracting Parties decide otherwise, the tribunal shall determine its own procedure.
(7). The tribunal shall reach its decision by a majority of votes. Such decision shall be final and binding on the Contracting Parties.
(8). Each Contracting Party shall bear the cost of its own arbitrator and of its representatives in the arbitral proceedings. The cost of the chairman and the remaining costs shall be borne in equal parts by the Contracting Parties.
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- Art. XV
- Geldig vanaf
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- Geldend recht
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- BWBV0003393
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- wetten.overheid.nl