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Upreti, Trilochan, International Watercourses Law and Its Application ...

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342 / <strong>International</strong> <strong>Watercourses</strong> <strong>Law</strong> <strong>and</strong> <strong>Its</strong> <strong>Application</strong> in South Asia Appendix / 343shall be borne by the parties to the dispute in equal shares. Thetribunal shall keep a record of all its costs, <strong>and</strong> shall furnish afinal statement thereof to the parties.Article 10Any Party that has an interest of a legal nature in the subjectmatter of the dispute which may be affected by the decision inthe case, may intervene in the proceedings with the consent ofthe tribunal.Article 11The tribunal may hear <strong>and</strong> determine counterclaims arisingdirectly out of the subject matter of the dispute.the members who have participated <strong>and</strong> the date of thefinal decision. Any member of the tribunal may attach aseparate or dissenting opinion to the final decision.3. The award shall be binding on the parties to the dispute. <strong>Its</strong>hall be without appeal unless the parties to the disputehave agreed in advance to an appellate procedure.4. Any controversy which may arise between the parties tothe dispute as regards the interpretation or manner ofimplementation of the final decision may be submitted byeither party for decision to the arbitral tribunal whichrendered it.•Article 12Decisions both on procedure <strong>and</strong> substance of the arbitraltribunal shall be taken by a majority vote of its members.Article 13If one of the parties to the dispute does not appear before thearbitral tribunal or fails to defend its case, the other party mayrequest the tribunal to continue the proceedings <strong>and</strong> to make itsaward. Absence of a party or a failure of a party to defend itscase shall not constitute a bar to the proceedings. Beforerendering its final decision, the arbitral tribunal must satisfyitself that the claim is well founded in fact <strong>and</strong> law.Article 141. The tribunal shall render its final decision within fivemonths of the date on which it is fully constituted unless itfinds it necessary to extend the time limit for a periodwhich should not exceed five more months.2. The final decision of the arbitral tribunal shall be confinedto the subject matter of the dispute <strong>and</strong> shall state thereasons on which it is based'. It shall contain the names of

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