Austria - Nigeria BIT (2013)
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(d) any other form of relief to which the Contracting Party against whom the award is made consents, including restitution in kind to an investor.

(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 be enforced in the courts of either Contracting Party with jurisdiction over assets of the defaulting Party.

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. Amendment

(1) This agreement may be amended at any time at the request of either Contracting Party giving the other Contracting Party six (6) months notice in writing.

(2) Any amendment agreed to by the Contracting Parties shall enter into force on the first day of the third month after the date of the exchange of notes by the Contracting Parties notifying each other through diplomatic channels that their constitutional requirements for the entry into force of the amendment have been fulfilled.

Article 30. Entry Into Force

This Agreement shall enter into force on the first day of the third month after the date of the exchange of notes by the Contracting Parties notifying each other through diplomatic channels that their constitutional requirements for the entry into force of this Agreement have been fulfilled.

Article 31. Duration

(1) 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.

(2) In respect of investments made prior to the date of termination of the present Agreement the provisions of Articles 1 to 31 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 Vienna, on April 8, 2013, in the German and English languages, all texts being equally authentic. In case of difference of interpretation the English text shall prevail.

For the Republic of Austria:

Michael Spindelegger m.p.

For the Federal Republic of Nigeria:

Olugbenga Ashiru m.p.

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