Common use of More Favorable Provisions Clause in Contracts

More Favorable Provisions. 1. If the domestic law of either Contracting Party, or obligations under international law existing at present or established hereafter between the Contracting Parties in addition to this Agreement contains a provision, whether general or specific, entitling investments by investors of the other Contracting Party to a treatment more favorable than is provided for by this Agreement, such provision shall, to the extent that it is more favorable to an investor, prevail over this Agreement. 2. Whenever the treatment accorded by one Contracting Party to the investors of the other Contracting Party, according to its laws and regulations or other provisions of specific contract or investment authorization or agreement, is more favorable than that provided under this agreement, the most favorable treatment shall apply.

Appears in 3 contracts

Samples: Investment Promotion and Protection Agreement, Investment Promotion and Protection Agreement, Investment Agreement

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More Favorable Provisions. 1. If the domestic national law of either each Contracting Party, Party or obligations under international law existing at present or established hereafter existing in the future between the Contracting Parties Parties, in addition to the provisions of this Agreement contains Agreement, contain a provision, whether general or specific, entitling which grants To investments made by investors of the other Contracting Party to a treatment more favorable than is provided for by treatment to the provisions of this Agreement, such provision shall, shall prevail over the provisions of this Agreement to the extent that it is more favorable to an the investor, prevail over this Agreement. 2. Whenever In all cases where the treatment accorded by agreed between one Contracting Party to and the investors of the other Contracting Party, according to in accordance with its respective laws and regulations or other provisions of a specific contract contract, agreement or investment authorization or agreementauthorization, is more favorable than that provided under The provisions of this agreementAgreement, the most favorable treatment shall apply.

Appears in 2 contracts

Samples: Bilateral Investment Promotion and Protection Agreement, Bilateral Investment Promotion and Protection Agreement

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