(2) The arbitration award shall be final and binding upon the parties to the dispute.
Article 25. Costs
Each Contracting Party shall pay the costs of its representation in the proceedings. The costs of the tribunal shall be paid for equally by the Contracting Parties unless the tribunal directs that they be shared differently.
Article 26. Enforcement
Pecuniary Awards Which Have Not Been Complied with Within One Year from the Date of the Award May Beenforced In the Courts of Either Contracting Party with Jurisdiction Over Assets of the Defaulting Party.
Chapter CHAPTER THREE: FINAL PROVISIONS
Article 27. Scope and Application of the Agreement
(1) This Agreement shall apply to investments made in the territory of either Contracting Party in accordance with its legislation by investors of the other Contracting Party prior to as well as after the entry into force of this Agreement.
(2) This Agreement shall not apply to claims which have been settled or procedures in accordance with Article 14 (1) (c) which have been initiated prior to its entry into force.
Article 28. Consultations Each Contracting
Party may propose to the other Contracting Party consultations on any matter relating to this Agreement. These consultations shall be held at a place and at a time agreed upon through diplomatic channels.
Article 29. Entry Into Force and Duration
(1) This Agreement is subject to ratification and shall enter into force on the first day of the third month that follows the month during which the instruments of ratification have been exchanged.
(2) This Agreement shall remain in force for a period of ten years; it shall be extended thereafter for an indefinite period and may be denounced in writing through diplomatic channels by either Contracting Party giving twelve months notice.
(3) In respect of investments made prior to the date of termination of the present Agreement the provisions of Articles 1 to 29 of the present Agreement shall continue to be effective for a further period of ten years from the date of termination of the present Agreement.
Conclusion
DONE in duplicate at ,on____ 2010 in the German, and languages, all texts being equally authentic. In case of difference of interpretation the English text shall prevail.
For the Republic of Austria For the