Recommended Arbitration Clause 2017-05-30T21:04:17+00:00

Recommended Arbitration Clause

All disputes arising out or related to the present contract shall be finally settled by arbitration with three arbitrators, in accordance with the Arbitration Rules of the Câmara Brasileira de Arbitragem na Administração Pública (CAMBRAAP). If the value in dispute is below R$ 1.000.000 (one million reais) the dispute shall be settled by a sole arbitration, in accordance with the Arbitration Rules of the Câmara Brasileira de Arbitragem na Administração Pública (CAMBRAAP).