Binational Dispute Settlement Panel

(redirected from Binational Dispute Settlement Mechanism)

Binational Dispute Settlement Panel

A panel set up under a bilateral investment treaty or a free trade agreement to negotiate disputes between companies or governments of the signatory parties. Among other advantages, this enables parties to the treaty to avoid deciding which country's law applies in a particular case.
References in periodicals archive ?
Buell said he was pleased that a coalition of several American lumber producers have agreed to drop their Constitutional challenge to the binational dispute settlement mechanism under which the lumber case was resolved.
Only Canada has access to a binding, binational dispute settlement mechanism vis-a-vis the United States.
Full browser ?