(4) The parties may apply to any competent judicial
authority for interim or conservatory measures. By doing so they shall not be held to
infringe the agreement to arbitrate or to affect the powers of the Tribunal.
Article 48
Ancillary Claims
(1) Except as the parties otherwise agree, a party may
present an incidental or additional claim or counter-claim, provided that such ancillary
claim is within the scope of the arbitration agreement of the parties.
(2) An incidental or additional claim shall be presented
not later than in the reply and a counter-claim no later than in the counter-memorial,
unless the Tribunal, upon justification by the party presenting the ancillary claim and
upon considering any objection of the other party, authorizes the presentation of the
claim at a later stage in the proceeding.
Article 49
Default
(1) If a party fails to appear or to present its case at
any stage of the proceeding, the other party may request the Tribunal to deal with the
questions submitted to it and to render an award.
(2) Whenever such a request is made by a party the
Tribunal shall promptly notify the defaulting party thereof. Unless the Tribunal is
satisfied that that party does not intend to appear or to present its case in the
proceeding, it shall, at the same time, grant a period of grace and to this end:
(a) if that party had failed to file a pleading or any
other instrument within the time limit fixed therefor, fix a new time limit for its
filing; or
(b) if that party had failed to appear or present its
case at a hearing, fix a new date for the hearing.
The period of grace shall not, without the consent of
the other party, exceed 60 days.
(3) After the expiration of the period of grace or when,
in accordance with paragraph (2) of this Article, no such period is granted, the Tribunal
shall examine whether the dispute is within its jurisdiction and, if it is satisfied as to
its jurisdiction, decide whether the submissions made are well-founded in fact and in law.
To this end, it may, at any stage of the proceeding, call on the party appearing to file
observations, produce evidence or submit oral explanations.
Article 50
Settlement and Discontinuance
(1) If, before the award is rendered, the parties agree
on a settlement of the dispute or otherwise to discontinue the proceeding, the