2.  At the time of the making of the award, the arbitrator, taking into account the behavior of the parties in relation to the urgent measures, shall decide in relation to the guaranty and the penalty.
3.  If the arbitral tribunal has not yet been set-up, the above measures can be taken by the Permanent Committee and can at any time be modified or revoked by said Committee and, after the constitution of the arbitral tribunal, by this latter.

Article 20 SEAT OF THE ARBITRATION

The seat where arbitration is to take place shall be determined by the Court, where the parties fail to agree thereon and communicate their choice to the Secretariat within the time-limit fixed for the answer to the request for arbitration. Individual phases of the proceedings may be conducted elsewhere if the arbitrator considers it advisable.

Article 21 LANGUAGE OF ARBITRATION