Art. 24
Settlement of disputes
In vigore dal 16 nov 2009
Article 24
Settlement of disputes
1. Parties shall seek to resolve any dispute concerning the application or interpretation of this Agreement by means of prompt consultations.
2. If a dispute has not been settled by means of consultations within two months from the date of the initial request for consultations, either Party may refer the dispute to the JMRM which shall endeavour to settle the dispute. The JMRM shall be provided with all relevant information for an in-depth examination of the situation with a view to finding an acceptable solution. To this end, the JMRM shall be required to examine all possibilities for maintaining the good functioning of this Agreement.
3. In the event that the JMRM is unable to settle the dispute within two months, the Parties may jointly seek the good offices of, or request mediation by, a third party.
4. In the event of it not being possible to settle the dispute in accordance with paragraph 3, either Party may notify the other of the appointment of an arbitrator; the other party must then appoint a second arbitrator within 30 calendar days of the appointment of the first arbitrator. The Parties jointly shall appoint a third arbitrator within two months of the appointment of the second arbitrator.
5. The arbitrator’s decisions shall be taken by majority vote within six months of the third arbitrator being appointed.
6. The award shall be binding on the Parties and it shall be without appeal.
7. The JMRM shall establish the working procedures for arbitration.
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Proeli:dec:2010:151:oj#art-24