Agreement between BCCI, Sofia, and the BULGARIAN-AMERICAN ECONOMIC COUNCIL

14.03.1977

"If a dispute arises out of or in connection with, or results from this contract, its application or interpretations, and if said dispute cannot be settled through direct discussions, the parties will address themselves to the Conciliation Commission established by the Bulgarian - U.S. Economic Council, in order to settle the dispute in an amicable manner under the Optional Conciliation Rules adopted by the Council, before having recourse to an arbitral or juridical procedure."