Common use of Most-favoured Clause in Contracts

Most-favoured. Nation Provisions 1. Investments made by investors of either Contracting Party in the territory of the other Contracting Party shall receive treatment which is fair and equitable, and not less favourable than that accorded to investments made by investors of any third State. 2. Investors of one Contracting Party whose investments in the territory of the other Contracting Party suffer losses owing to." war or other armed conflict, revolution, a state of national emergency, revolt, insurrection or fiat in the territory of the latter Contracting Party shall be accorded by the' latter Contracting Party treatment, as regards restitution, indemnification, compensation or other settlement, no less favourable than that which the latter Contracting Party accords to investors of any third State. 3. The provisions of this Agreement relative to the granting, of treatment not less favourable than that accorded, to the investors of any third State shall not be construed so as to oblige one Contracting Party to extend 'to the investors of the other the benefit of any treatment, preference or privilege resulting from: (a) any existing or future customs union or free trade area or a common market or a monetary union or similar international agreement or other forms of regional cooperation to which either of the Contracting Parties is or may become a party; or the adoption of an agreement designed to lead to the formation or extension of such a union or area within a reasonable length of time; or (b) any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation. .

Most-favoured. Nation Provisionsnation provisions 1. 1- Investments made by investors of either Contracting Party in the territory of the other Contracting Party shall receive treatment which is fair and equitable, and not less favourable than that accorded to investments made by investors of any third State. 2. 2- Investors of one Contracting Party whose investments in the territory of the other Contracting Party suffer losses owing to." to war or other armed conflict, revolution, revolution a state of national emergency, revolt, insurrection or fiat riot in the territory of the latter Contracting Party shall be accorded by the' the latter Contracting Party treatment, as regards restitution, indemnification, compensation or other settlement, no less favourable than that which the latter Contracting Party accords to investors of any third State. 3. 3- The provisions of this Agreement relative to the granting, granting of treatment not less favourable than that accorded, accord to the investors of any third State shall not be construed so as to oblige one Contracting Party to extend 'to the investors of the other the benefit of any treatment, preference or privilege resulting from: (a) any a- Any existing or future customs union or free trade area or a common market or a monetary union or similar international agreement or other forms of regional cooperation to which either of the Contracting Parties is or may become a party; or the adoption of an agreement designed to lead to the formation or extension of such a union or of area within a reasonable length of time; or (b) any b- Any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation. .