Arbitration NoticeThe clause pasted below is very important. The Government has 30 days in which to commence consultations and negotiations in an effort to resolve the claim. Failure to do so could accelerate the arbitration if the Government does not cooperate. Hopefully, EOM will keep us posted if such consultations are taking place. The 30 days is evaporating quickly.
Article 821: Conditions Precedent to Submission of a Claim to Arbitration
1. The disputing parties shall hold consultations and negotiations in an attempt to settle a claim amicably before a disputing investor may submit a claim to arbitration. Consultations shall be held within 30 days of the submission of the Notice of Intent to Submit a Claim to Arbitration under subparagraph 2(c), unless the disputing parties otherwise agree. Consultations and negotiations may include the use of non-binding, third-party procedures. The place of consultations shall be the capital of the disputing Party, unless the disputing parties otherwise agree.
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