Common use of Promotion, Admission and Protection of Investments Clause in Contracts

Promotion, Admission and Protection of Investments. (1) Each Contracting Party shall admit investments by investors of the other Contracting Party in accordance with its legislation and administrative practice and encourage such investments, including facilitating the establishment of representative offices. (2) Investments of investors of each Contracting Party shall at all times enjoy full protection and security in the territory of the other Contracting Party. Neither Contracting Party shall in any way impair by unreasonable or discriminatory measures the management, maintenance, use, enjoyment or disposal of investments in its territory of investors of the other Contracting Party. (3) Each Contracting Party shall observe any obligation it may have entered into with regard to investments of investors of the other Contracting Party.