CLAUSE 7. DISPUTE
In the event of a dispute regarding this Agreement, all parties shall resolve the dispute peacefully and in good faith.
Should the dispute remain unresolved, all disputes arising in connection with the transaction contemplated herby shall be settled by Arbitration in Thailand and submitted to the Thai Arbitration Institute, Office of the Judiciary, Bangkok, in accordance with the rules of the Institute in force at the time of submission. The decision of the Arbitrators shall be final and binding on the parties. The place of Arbitration shall be in Bangkok, Thailand and the governing law shall be in Thai law. The Arbitration proceedings shall be conducted in English.
Pending the submission to Arbitration and thereafter until the Arbitrators announce their award, the parties shall continue to perform all of their obligations under the Agreement, without prejudice to a final adjustment in accordance with any award given. Each party shall bear their own attorneys fees and related costs in connection with the Arbitrator regarding such fees has been made and fees charged by the Arbitrators and the expenses of Arbitration shall be borne in such manner as may be specified in their decision.
In the event of any dispute, controversy or claim arising from any part of this Agreement, both parties agree that the English version of this Agreement shall prevail and be relied upon