Shohimardonobod mastona chashmalari

Section-19 GOVERNING LAW - SETTLEMENT OF DISPUTES

1. 
   This Agreement shall be governed by and construed in accordance with Islamic Shariah (as set out in Shari’a Standards published by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and as interpreted by the Islamic Fiqh Academy of the OIC or Islamic Development Bank Group Shariah Committee).
   
2. 
   Any dispute between the Parties to this Agreement, and any claim by any such Party against the other Party arising under the Agreement, which is not resolved by agreement of the Parties within 30 (Thirty) days from the date of notice by one Party to the other Party, shall be finally decided by an arbitration panel in accordance with the rules and procedures of the International Islamic Centre for Reconciliation and Arbitration in Dubai, UAE.
   
3. 
   The provisions for arbitration set forth in Section-19.2 shall be in lieu of any other procedure for the determination of disputes between the Parties to this Agreement or any claim by such Party against the other Party arising thereunder.
   
4. 
   If within 30 (Thirty) days after counterparts of the award shall have been delivered to the Parties, the award is not complied with, any Party may enter judgment upon, or institute a proceeding to enforce the award, in any court of competent jurisdiction against the other Party, may enforce such judgment by execution or may pursue any other appropriate remedy against the other Party for the enforcement of the award or the provisions of this Agreement.
   
5. 
   Service of any notice or process in connection with any proceedings under Section-19.2 or in connection with any proceedings to enforce any award rendered pursuant to Section-19.2 may be made in the manner provided in Section-20 to this Agreement. The Parties to this Agreement waive any and all other requirements for the service of any such notice or process.
   
6. 
   The Company hereby consents generally in respect of any legal action or proceedings arising out of or in connection with this Agreement to the giving of any relief or the issue of any process in connection with such action or proceedings including, without limitation, the making, enforcement or execution against any property whatsoever (irrespective of its use or intended use) of any order, award or judgment which may be made or given in such action or proceedings.
   
7. 
   To the extent that the Company may in any jurisdiction claim for itself or its assets immunity from suit, execution, attachment (whether in aid or execution, before award or judgment or otherwise) or other legal process or to the extent that in any such jurisdiction there may be attributed to itself or its assets such immunity (whether or not claimed), the Company hereby irrevocably agrees not to claim and hereby irrevocably waives such immunity.