Any difficulty or controversy arising among the parties to the contract with respect to the application, interpretation, duration, validity or execution of the contract, or for any other reason, shall be submitted to arbitration pursuant to the Rules of Arbitration Procedure of the Santiago Arbitration and Mediation Center in effect at the time of its initiation.

The parties confer an irrevocable special power of attorney upon the Santiago Chamber of Commerce so that it may, at the written request of any of the parties, appoint an arbitrator-at-law from among the members of the arbitration corps of the Santiago Arbitration and Mediation Center.

There shall be no remedy against the arbitrator's resolutions. The arbitrator is especially empowered to resolve any matter relating to his/her competence and/or jurisdiction.

There shall be no remedy against the arbitrator's resolutions, except for the remedy of appeal before a second-instance arbitral tribunal, which will be comprised of three arbitrators of the same nature, appointed by the Santiago Chamber of Commerce from among the members of the arbitration corps of the Santiago Arbitration and Mediation Center, at the written request of any of the parties. An irrevocable special power of attorney is also conferred upon the Santiago Chamber of Commerce for this purpose. The first-instance tribunal and second-instance tribunal shall be especially empowered to resolve any issue regarding their competence and/or jurisdiction. There shall be no remedy against resolutions of the second-instance arbitral tribunal.

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