lg0f{o g+=&(@% g]=sf=k= @)^% ;jf]{Rr cbfnt, ljz]if Ohnf; dfggLo ...

gePsf] sf/0f Libiya / cd]l/sfsf] Joint
venture co. LIAMCO gfdsf] sDkgL /
Libiya sf] ;/sf/ aLr t]n pTkfbg ug] {
;DaGwL ;Demf}tf ePsf] lyof] .
;Demf}tf cg';f/ sfd x'Fbfsf
cj:yfdf
;Demf}tf cjlw leq} Libiya n] PstkmL{
?kn] Libiya df ;Demf}tfåf/f t]n
pTkfbg sfo{df ;+nUg cd]l/sg
sDkgLsf] contract nfO{ Decree hf/L
u/L /fli6«os/0f u¥of] . pQm /fli6«os/0f
;Demf}tf ljk/Lt ePsf] elg LIAMCO n]
;Demf}tfsf] dWo:ytfåf/f ljjfb ;dfwfg
u/fpg] Joj:yf invoke u/L ljjfb
;dfwfg u/fpg dWo:ysf] k|:tfj ubf{
Libiya n] s'g} klg hjfkm glbPsf] sf/0f
LIAMCO n] -xfd|f] dWo:y P]g, @)%% sf]
bkmf & n] k'g/fj]bg cbfntnfO{
appointing authority tf]s]sf] h:tf]_
cGt//fli6«o Gofofnosf] president nfO{
sole arbitrator lgo'lQm ug{ cg'/f]w u¥of]
. LIAMCO ;+usf] ;Demf}tfdf ljjfb
;dfwfg ;DaGwdf b]xfosf] Joj:yf
ePsf] lyof] . "1. If at any time during or
after the currency of this Concession
any difference or dispute shall arise
between the Government and the
Company concerning the interpretation
or performance here of, or anything
herein contained or in connection
herewith, or the rights and liabilities of
either of such parties hereunder and if
such parties should fail to settle such
difference or dispute by agreement, the
same shall, failing any agreement to
settle it any other way, be referred to
two Arbitrators, one of whom shall be
222
c+s @
appointed by each such party, and an
Umpire who shall be appointed by the
Arbitrators immediately after they are
themselves appointed.
In the event of the Arbitrators
failing to agree upon an Umpire within
60 days from the date of the
appointment of the second Arbitrator,
either of such parties may request the
President or, if the President is a
national of Libya or of the Country
where the Company was incorporated,
the Vice-President, of the International
Court of Justice to appoint the Umpire.
2. The institution of Arbitration
proceedings shall take palce
upon the receipt by one of such
parties of a written request of
Arbitration from the other which
request shall specify the matter in
respect of which Arbitration is
required and name the Arbitrator
appointed by the party requiring
Arbitration.
3. the party receiveing the request shall
within 90 days of such receipt
appoint its Arbitrator and notify
this appointment to the other of
such parties failing which such
other party may request the
President, or in the case referred
to in paragraph 1 above, the Vice-
President, of the International
Court of Justice to appoint a Sole
Arbitrator and the decision of a
Sole Arbitrator so appointed shall