Resolution Agreement Deutsch

(7) Before the appeal, a member decides whether the measures taken in these procedures are effective. The objective of the dispute resolution mechanism is to achieve a positive solution to a dispute. A solution acceptable to the parties to the dispute and compatible with the covered agreements is clearly preferable. In the absence of an amicable solution, the first objective of the dispute resolution mechanism is generally to ensure the withdrawal of the measures concerned when they are found to be incompatible with the provisions of one of the covered agreements. Compensation should only be used when the immediate withdrawal of the measure is not feasible and, on a temporary basis, until the measure incompatible with a covered agreement is withdrawn. The last resort that this agreement offers the member on the basis of dispute resolution procedures is the possibility of suspending the application of concessions or other obligations arising from the agreements covered on a discriminatory basis against the other member, subject to the approval of such measures by the dispute resolution body. Under the control of the Single Resolution Council, national resolution authorities would be responsible for implementing the resolution plan. Under the proposal, the Commission would be responsible for making formal decisions on a bank`s resolution and would decide on the framework for the use of resolution instruments and the fund. The applicability of this agreement to multilateral trade agreements is conditional on the parties adopting a decision establishing the conditions for the application of the agreement to each agreement, including specific or additional schedule 2 registration rules or procedures, as notified to the SDC. Opportunities for the Single Resolution Committee to assign obligations to the Single Resolution Fund (SSF) 2. The WTO dispute settlement system is a key element in ensuring the security and predictability of the multilateral trading system. Members recognize that it serves to preserve members` rights and obligations under covered agreements and to clarify the existing provisions of those agreements, in accordance with the usual rules of interpretation of international law.