اتفاقيات بين شركة امتيازات النفط المحدودة وشيوخ دبي والشارقة، ١٩٣٧، أم القيوين، ١٩٤٥، وعجمان، ١٩٥١ [و‎‎٢‎٧‎٣] (١٨١/١٢٤)

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ARTICLE 24. (a) If at any time during
the currency of this Agreement any dif
ference or dispute shall arise between the
parties hereto concerning the interpretation
or execution hereof, or anything herein
contained, or in connection herewith, or
the rights or liabilities of either party
hereunder, the same shall, failing any
agreement to settle it in any other way, be
referred to two arbitrators, one of whom
shall be chosen by each party, and a
referee, who shall be chosen by the arbit
rators before proceeding to arbitration.
(b) Each party shall nominate its own
arbitrator within Sixty days after delivery
of a request so to do by the other party
failing which its arbitrator may at the
request of the other party be designated by
the British Political Resident in the Persian
Gulf. In the event of the arbitrators failing
to agree within Sixty days after being
chosen or designated the British Political
Resident in the Persian Gulf may appoint a
referee at the request of the arbitrators
or of either of them.
(c) The decision of the arbitrators,
or in a case of a difference of opinion
between them the decision of the referee,
shall be final and binding upon both parties.
(d) In giving a decision the arbitrators
or the referee shall specify an adequate
period of delay during which the party
against whom the decision is given shall
conform to the decision and that party
shall be in default only if that party has
(ailed to conform to the decision prior to the
expiry of that period and not otherwise.
(e) The place of arbitration shall be
such as may be agreed by the parties and
in default of agreement shall be London.
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