Common use of Investors of one Contracting Party Clause in Contracts

Investors of one Contracting Party. whose investments in the territory of the other Contracting Party suffer losses due to war or other armed conflict, revolution, general state of emergency or insurrection, the latter Contracting Party shall grant them, as restitution, compensation, Compensation or other economic consideration, treatment no less favorable than that accorded to its own investors or to investors of any third State, whichever is the most favorable to the investor concerned. Payments arising therefrom shall be freely transferable. 1. Each Contracting Party shall guarantee to investors of the other Contracting Party the free transference of all payments related to investments held in the territory of the other Contracting Party and in particular, but not exclusively: a) initial capital and other additional amounts to maintain or expand investment; b) income from investment; c) repayment of loans; d) proceeds from the sale or liquidation, total or partial, of the investment; e) the compensation provided for in Articles 4 and 5; f) the income and other remuneration of the personnel contracted abroad in connection with an investment; g) payments arising from the settlement of a dispute. 2. The transfers referred to in this Article shall be made without delay and at the rate of exchange applicable on the date on which the investor has requested the transfer in question. 3. In the absence of a foreign exchange market, the exchange rate shall correspond to the exchange rate obtained from the rates applied by the International Monetary Fund for the conversion of the currencies concerned into Special Drawing Rights. 1. If the legislation of either Contracting Party or obligations under international law already existing or subsequently established between the Contracting Parties, in addition to this Agreement, contain rules, whether general or specific, by virtue of which it must Investments by investors of the other Contracting Party may be accorded treatment more favorable than that provided for in this Agreement, such rules shall prevail over this Agreement to the extent that they are more favorable. 2. Nothing in this Agreement shall affect the provisions established by international agreements in relation to the intellectual and industrial property rights in force in the two Contracting Parties.