Article 9
Settlement of Disputes between an investor and the host Contracting Party
(6) Any dispute which arises within the terms of this Agreement concerning an investment
between an investor of one Contracting Party and the other Contracting Party shall, if
.Possible, be settled amicably.
(7) If the dispute cannot thus be settled within six months following the date on which the dispute
has been raised by either party, it may be submitted, upon request of ht investor, either to:
- the competent tribunal of the Contracting Party in whose territory in investment was made;
- international arbitration according to the provisions of paragraph (3).
Where an investor has submitted a dispute to the aforementioned competent tribunal of the
Contracting Party where the investment has been made or the international arbitration, this
choice shall be final.
(3) In case of international arbitration, the dispute shall be submitted, at the investor's choice,
either to:
- The international Centre for the Settlement of Investment Disputes (ICSID) created by the
Convention on the Settlement of Investment Disputes between States and National of other
States opened for signature in Washington on 18
th
March 1965, once both Contracting
Parties herein become members thereof. As far as this provision is not complied with, Bach
Contracting Party consent s that the dispute be submitted to arbitration under the
regulations of the ICSID Additional Facility for the Administration of Conciliation, Arbitration
and Fact-Finding Proceedings, or
- an arbitration tribunal sat up from case to case in accordance with the Arbitration Rules of
the United Nations Commission on International Trade Law (UNCITRAL).
(4) The arbitration tribunal shall decide in accordance with principles of international law.
(5) The arbitral decisions shall be final and binding for the parties in the dispute. Each Contracting
Party shall execute them in accordance with its laws.
Article 10
Entry into force, duration and termination
(1) This Agreement shall enter into force on the first day of the second month following the date
on which the Contracting Parties notify Bach other in writing that their constitutional
requirements for the entry into force of this Agreement have been fulfilled. It shall remain in
force for a period of 10 years. Thereafter it shall remain in force until the expiration of twelve
months from the date that either Contracting Party in writing notifies the other Contracting
Party, of its decision to terminate this Agreement.
(2) !n respect of investments ma de prior to the date when the m5tice of termination of this
Agreement becomes effective, the provisions of Articles 1 to 9 shall remain in force for. a
further period of ten years from that date.
Done at Buenos Aires, on the 2
nd
December, 1994, in duplicate, in the Croatian, Spanish and
English languages, the three texts being equally authentic. In case there is any divergence of
interpretation of the provisions, the English
For the Government of For the Gov ernment of
the Republic of Croatia the Argentine Republic