2.375 Cases referred to in paragraph 1 may have recourse to the arbitration mechanism only if the competent authorities are unable to reach an agreement with the competent authority of the other country within two years of the first complaint filed by the competent authority of a country. If the case is not resolved after this period, the person may request that the arbitration mechanism be applied. Access to arbitration is automatic in such cases; it shall not be subject to the special agreement of the competent authorities. Tax treaties are formal bilateral agreements between two legal services. Australia has tax agreements with more than 40 lawyers. 4.2 The Jersey Agreement was signed in London on 10 June 2009. There is no such agreement between Australia and Jersey. The Jersey Agreement was signed in conjunction with the Agreement between the Australian Government and the Government of Jersey on the Exchange of Information in Tax Matters (the Jersey Information Exchange Agreement), which will create a legal basis for the exchange of tax information between the two countries. Together, the two agreements will promote increased economic and administrative cooperation between the two countries. 2.180 It was expected that the competent authorities would reach an agreement that other exchanges constitute a recognized stock exchange within the meaning of the agreement. (Article 3, first paragraph, point (l) (iii)] 2.378 Not all unresolved issues arising out of the case can be resolved by arbitration. . .