(b) Neither Party shall, in granting entry under parGgraph l(a), require a labor certification test or other procedures of similar effect, or apply any numerical restriction. 2. Each Party shall permit covered investments to engage top managerial personnel of their choice, regardless of nationality.
The Parties agree to consult promptly, on the request of either, to resolve any disputes in connection with the Treaty, or to discuss any matter relating to the interpretation or application of the Treaty or to the realization of the objectives of the Treaty.
1. For purposes of this Treaty, an investment dispute is a dispute between a Party and a national or company of the other Party arising out of or relating to an investment authorization, an investment agreement or an alleged breach of any right conferred, created or recognized by this Treaty with respect to a covered investment. 2. A national or company that is a party to an investment dispute may submit the dispute for resolution under one of the following alternatives:
(a) to the courts or administrative tribunals of the
Party that is a party to the dispute; or
(b) in accordance with any applicable, previously
agreed dispute-settlement procedures; or
(c) in accordance with the terms of paragraph 3.
3. (a) Provided that the national or company concerned has not submitted the dispute for resolution under paragraph 2 (a) or (b), and that three months have elapsed from the date on which the dispute arose, the national or company concerned may submit the dispute for settlement by binding arbitration:
(i) to the Centre, if the Centre is available; or
VerDate 11-MAY-2000 10:13 May 25, 2000 Jkt 079118 PO 00000 Frm 00024 Fmt 6633 Sfmt 6633 E:\HR\OC\TD027.XXX pfrm08 PsN: TD027
Powered by FlippingBook