Arbitration bindingness: arbitration may be non-binding if competent authorities agree a different resolution after delivery. An arbitration decision under the Convention is not binding and will not be implemented if the competent authorities of the two Contracting Jurisdictions agree on a different resolution of all unresolved issues within three calendar months after the arbitration decision is delivered, provided both Contracting Jurisdictions have notified the Depositary that they adopt this option; a Party may reserve that this option apply only to Covered Tax Agreements subject to the specified arbitration process.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Arbitration bindingness: arbitration may be non-binding if competent authorities agree a different resolution after delivery.
An arbitration decision under the Convention is not binding and will not be implemented if the competent authorities of the two Contracting Jurisdictions agree on a different resolution of all unresolved issues within three calendar months after the arbitration decision is delivered, provided both Contracting Jurisdictions have notified the Depositary that they adopt this option; a Party may reserve that this option apply only to Covered Tax Agreements subject to the specified arbitration process.
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