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B. Pre-Arbitral Consultations and Dispute Settlement Mechanisms
C. Arbitral Settlement of Disputes
2. Consent
Disputes which arise between an investor of one Party and the other Party with regard to an investment under the Agreement, shall, to the extent possible, be settled amicably. (Article 11 (1)). If the dispute is not settled within a period of six months, it shall be submitted, at the request of one of the Parties involved, to the decision of the competent tribunal of the Party in whose territory the investment was made. Article 11 (2)).
1. Conditions
Investment disputes may be submitted to international arbitration: . at the request of one of the disputing parties, when six months have elapsed without the competent tribunal having given its final decision or when the final decision of the tribunal has been made but the parties are still in dispute; . when both parties in the controversy have so agreed. (Article 11 (3)).
