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parties. If they do not agree otherwise, the arbitration will take place in the territory ofa party that is a party to the New York Convention of 1958. In addition, the ICSID AdditionalFacility Rules or the UNCITRAL Rules are applicable.9.1.6. Governing lawArticle 1131-1 of NAFTA establishes that disputes shall be decided in accordance withthis agreement and by the applicable rules of international law. In the internationalsphere we can take as a reference the Arbitration Rules of the ICSID Convention and secondarilythe decisions of arbitral tribunals. This suggests to us that the national law ofthe member states to the Agreement will not be applicable.362C H A P T E R X X I I9.1.7. AwardThe award issued by the tribunal will be binding only on the disputing parties and onlywith respect to that specific case. The parties must abide by the award without delay.In the event that a party, which is to say the government of a party to NAFTA, does notabide by the award, the investor may request the government of its country to request theFree Trade Commission to establish an arbitral panel and initiate a proceeding betweenthe parties to the agreement. This is a NAFTA mechanism in which the government of thecountry of the investor intervenes to demand compliance with the award, keeping vigilover compliance with the obligations of the agreement.9.2. Free Trade Agreement between the United Mexican Statesand the Republic of ChileThis Agreement entered into force on August 1, 1999 and includes a chapter (Chapter 9)dedicated exclusively to investment matters. Its scope of application is between theinvestors of the State parties, the investments of investors of one party in the territory ofthe other party and all investments in the territory of a party.In this chapter a mechanism is established for the resolution of investment disputesthat ensures both equal treatment among investors of the parties according to the principleof international reciprocity, and due legal process before an impartial tribunal.Furthermore, it contains provisions that regulate most-favored-nation treatment,national treatment, expropriation, etc. Under the Agreement, an investor of a party maysubmit a claim to arbitration that the other party has violated an obligation establishedin the Agreement related to monopolies and enterprises of the State. In this regard, providedsix months have elapsed from the occurrence of the acts that resulted in theclaim, a disputing investor may submit it to arbitration in accordance with: the ICSIDConvention, provided that both the disputing party and the party of the investors aremembers thereof; the ICSID Additional Facility Rules when the disputing party or the

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