20. Resolution of Disputes
Any dispute relating to the interpretation or execution of this Agreement shall, unless amicably settled, be subject to conciliation. In the event of failure of the latter, the dispute shall be settled by arbitration. The arbitration shall be conducted in accordance with the modalities to be agreed upon by the Parties, or in the absence of agreement, with the rules of arbitration of the International Chamber of Commerce. The seat of the arbitration shall be Geneva and the language of the arbitration proceedings shall be English or French, at the discretion of the parties. The Parties shall accept the arbitral award as final.