DIS TPNR DIS Supplementary Rules for Third-Party Notices (2024)
DIS TPNR
DIS Supplementary Rules for Third-Party Notices (2024)
5.1
A follow-on third-party notice by the third-party notice recipient is only admissible if
A follow-on third-party notice by the third-party notice recipient is only admissible if
(i) the requirements of Article 2 are complied with between it (“Follow-on Issuer”) and the follow-on third-party notice recipient (“Follow-on Third Party”),
(ii) the Follow-on Third Party and the parties agree to the follow-on third-party notice
and
(iii) the requirements of Article 4.4 are complied with.
The Follow-on Third Party does not participate in the constitution of the arbitral tribunal.
5.2
The effects of the follow-on third-party notice shall be limited to the relationship between the Follow-on Issuer and the Follow-on Third Party. If the follow-on third-party notice is deemed to be withdrawn pursuant to Article 7.4 or Article 8.4 in conjunction with Article 7.4, these effects shall cease with the transmission of the notice of withdrawal to the DIS. The Follow-on Third Party shall bear its own costs.
The effects of the follow-on third-party notice shall be limited to the relationship between the Follow-on Issuer and the Follow-on Third Party. If the follow-on third-party notice is deemed to be withdrawn pursuant to Article 7.4 or Article 8.4 in conjunction with Article 7.4, these effects shall cease with the transmission of the notice of withdrawal to the DIS. The Follow-on Third Party shall bear its own costs.
5.3
In all other cases, the provisions of the DIS-TPNR shall apply, mutatis mutandis, to the follow-on third-party notice.
In all other cases, the provisions of the DIS-TPNR shall apply, mutatis mutandis, to the follow-on third-party notice.
Imported: