TNAG-2826-FCO40-4079-Investment-Protection-and-Promotion-Agreements-(IPPA)-betwee-1993 — Page 109

(1)

Parties

this

18

ARTICLE 11

Disputes between the Contracting Parties

If any

dispute arises between the

Contracting

relating to the interpretation or application of

Agreement, the

Contracting Parties shall in the first

place try to settle it by negotiation.

(2)

If the Contracting Parties fail to reach a

settlement of the dispute by negotiation within three

months, it may be referred by them to such person or body as

they may agree on or, at the request of either Contracting

Party, shall be submitted for decision to an arbitral

tribunal of three arbitrators which shall be constituted in

the following manner :

(a) within thirty days after receipt of a request for

arbitration, each Contracting Party shall appoint

one arbitrator. A national of another State shall

act as President of the tribunal. He shall be

appointed as the third arbitrator by agreement

between the two arbitrators, within sixty days of

the appointment of the second;