Common use of Most-favoured-nation Provisions Clause in Contracts

Most-favoured-nation Provisions. 1. Neither Contracting Party shall in its territory subject investments effected by, and income accruing to investors of the other Contracting Party to treatmant less favourable than that which it accords to investments effected by, and income accruing to investors of any third State. 2. Neither Contracting Party shall in its territory subject investors of the other Contracting Party, as regards their management, use, enjoyment or disposal of their investment, as well as to any activity connected with these investments, to treatment less favourable than that which it accords to investors of any third State. 3. The treatment mentioned above shall not apply to any advantage or privilege accorded to investors of a third State by either Contracting Party based on the membership of that Contracting Party in Custom Union, Common Market, Free Trade Zone, economic multilateral or international Agreement, or based on an Agreement concluded between that Contracting Party and a third State on Avoidance of Double Taxation or based on cross—border trade arrangement. 4. Notwithstanding preceding paragraphs, investments made by investors of one Contracting Party in the territory of the other Contracting Party shall be accorded fair and equitable treatment according to their applicable laws and regulations.

Most-favoured-nation Provisions. 1. Neither Contracting Party shall in its territory subject investments investment effected by, and income accruing to to, investors of the other Contracting Party to treatmant treatment less favourable than that which it accords to investments effected by, and income accruing to investors of any third State. 2. Neither Contracting Party shall in its territory subject investors of the other Contracting Party, as regards their management, use, enjoyment or disposal of their investment, as well as to any economic activity connected with these investments, to treatment less favourable than that which it accords to investors of any third State. 3. The treatment mentioned above shall not apply to any advantage or privilege accorded to investors of a third State by either Contracting Party based on the membership of or that Contracting Party in a Custom Union, Common Market, Free Trade Zone, any economic multilateral or international Agreementagreement, or based on an Agreement concluded between that Contracting Party and a third State on Avoidance of Double Taxation or based on a cross—-border trade arrangement. 4. Notwithstanding preceding paragraphs, investments made by investors of one Contracting Party in the territory of the other Contracting Party shall be accorded fair and equitable treatment according to their applicable laws and regulations.