Conciliation is a voluntary procedure in which the parties concerned are free to agree and try to resolve their dispute through mediation. The procedure is flexible, allowing the parties to determine the timing, structure and content of the conciliation procedure. These procedures are rarely public. They are based on interests, as the conciliator wishes when making a transaction, taking into account not only the legal positions of the parties, but also their own; commercial, financial and/or personal interests. Arbitration Panel: a particular group formed pursuant to Article 50 of the agreement; In practice, a set of conciliation rules is generally made available to the parties, which are set either by the conciliator himself or by a specialized conciliation body. For example, the conciliation rules of the Hamburg-Beijing mediation centre. Like mediation, mediation is a voluntary, flexible, confidential and interest-based process. The parties strive to reach an amicable settlement with the assistance of the conciliator acting as a neutral third party. (e) experts as they were chosen by the arbitration body in accordance with Article 60 of the agreement. All deadlines under Title V (prevention and settlement) of the agreement and in this internal regulation, including deadlines for notification of their decisions by arbitration committees, may be amended by mutual agreement between the parties and are calculated in calendar days from the day to which they relate, unless otherwise stated.
4.The parties notify the arbitration body of the agreed mandate within three days of their agreement on the mandate. Below is a brief overview of some of the key differences between agreements and actions. It is important to consider all the factors in a given case before deciding whether a transaction decision or agreement should be implemented. With regard to the CCSI, we believe it is important to assess more broadly the costs and benefits of investment contracts and ISDS and to reconsider the role of international investment agreements as instruments of sustainable development from the point of view of the country of origin and the host country. This means that the objectives of these agreements need to be further examined, as well as other forms of dispute resolution that could better serve the objectives identified.