Republic Acts1 min read
Section 43Sec./Art. 43
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Dispute Settlement.- The provision of existing laws to the contrary notwithstanding, any dispute, controversy or claim arising out of or relating to investments entered pursuant to this Act or the breach, termination or invalidity thereof shall be resolved by good faith negotiations between the parties.
In the event that such negotiations do not succeed, any dispute, controversy or claim arising out of or relating to investments entered pursuant to this Act or the breach, termination or invalidity thereof shall be settled in accordance with internationally accepted institutional systems of arbitration of which the Philippines is a signatory.
The MIF-JCOC created under Section 38 hereof shall regularly be apprised of the status of any dispute settlement proceeding.
ARTICLE IX
OFFENSES AND PENALTIES
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