Master Alliance Provisions Guide (MAPGuide)

Pfizer/BioNTech-Dominican Republic Binding Term Sheet

  • Other | Dispute resolution

Governing Law and Dispute Resolution (page 15 – 16)  

[…] All disputes arising out of, relating to, or in connection with this Binding Term Sheet and the Definitive Agreement shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce by three arbitrators, one nominated by each party and the third nominated by those two party nominated appointees. The seat of the arbitration shall be New York, USA, and the language of the proceedings shall be English.

MISPAS expressly and irrevocably waives any right of immunity which either it or its assets may have or acquire in the future (whether characterized as sovereign immunity or any other type of immunity) in respect of any arbitration pursuant to the preceding paragraph or any other legal procedure initiated to confirm or enforce any arbitral decision, order or award, or any settlement in connection with any arbitration pursuant to the preceding paragraph whether in Dominican Republic or any other foreign jurisdiction, including but not limited to immunity against the service of process, immunity of jurisdiction, or immunity against any judgment rendered by a court or tribunal, immunity against order to enforce the judgment, and immunity against precautionary seizure of any of its assets.