Common use of Promotion and Protection of Investments Clause in Contracts

Promotion and Protection of Investments. 1. Each Contracting Party shall encourage investors of the other Contracting Party to invest in its territory. 2. Investors of both Contracting Parties shall have a right of access to investment activities in the territory of the other Contracting Party that is no less favourable than that provided for in Article III, paragraph 1. 3. Each of the Contracting Parties shall always accord fair and equitable treatment to the investments of investors of the other Contracting Party. The Contracting Parties shall ensure that the management, maintenance, employment, processing, use or disposal of investments made in their territory by investors of the other Contracting Party, as well as of the companies or enterprises in which such investments have been made, shall never be subject to unjustified or discriminatory measures. 4. Each Contracting Party shall establish and maintain in its territory a legal framework favourable to investors legal continuity of treatment, including the observance of good faith all commitments to the investor. 5. The Contracting Parties shall establish any condition for achieving the development or continuation of investments that could lead to the acceptance or the imposition of obligations relating to production for export and provide for the supply of goods or any similar requirement. 6. In accordance with its national laws and regulations, each Contracting Party shall accord to nationals of the other contracting party in its territory for an investment regulated by this Agreement, adequate working conditions to their professional activities. Each Contracting Party shall apply the most favourable treatment to issues relating to the entry, stay and work and travel within its territory of nationals of the other contracting party, as well as members of their families. 7. Companies incorporated in accordance with the laws and regulations of one Contracting Party and which are owned or controlled by investors of the other Contracting Party shall be permitted freely to engage senior managers, regardless of their nationality in accordance with the laws of the host Contracting Party.

Promotion and Protection of Investments. 1. Each Contracting Party shall encourage promote and create favourable conditions for investors of the other Contracting Party to invest make investments in its territory, and shall admit such investments in accordance with its laws and regulations. 2. Investors Investments of both investors of each Contracting Parties Party shall have a right of access to investment activities at all times be accorded fair and equitable treatment and shall enjoy full legal protection in the territory of the other Contracting Party that is no less favourable than that provided for under this Agreement. Neither Contracting Party shall in Article IIIany way impair by unreasonable or discriminatory measures the management, paragraph 1maintenance, use, enjoyment, acquisition or disposal of investments in its territory of investors of the other Contracting Party. Each Contracting Party shall observe any obligation it may have entered into with regard to investments of investors of the other Contracting Party. 3. Each The Contracting Parties shall periodically consult between themselves concerning investment opportunities in various sectors of economy of their States to determine where investments by investors of one Contracting Party into the territory of the other Contracting Party may be most beneficial and have the mutual interest of both Contracting Parties. 4. To attain the objective, of this Agreement the Contracting Parties shall always accord fair encourage and equitable treatment facilitate the formation and establishment of the appropriate joint legal entities in the territory of either Contracting Party to establish, develop and execute investment projects in different economic sectors in accordance with the laws and regulations of the other Contracting Party. 5. Investors of either Contracting Party shall be permitted to engage top managerial personnel of their choice regardless of nationality to the investments of investors extent permitted by the laws of the other Contracting Party. The Contracting Parties shall ensure that make available all necessary facilities including the managementissuance of visas and permissions to stay to such managerial personnel and to their families in accordance with the laws, maintenance, employment, processing, use or disposal regulations and administrative practices of investments made in their territory by investors of the other both Contracting Party, as well as of the companies or enterprises in which such investments have been made, shall never be subject to unjustified or discriminatory measuresParties. 46. Contracting Parties shall seek as far as practicable to avoid performance requirements as a condition of establishment, expansion or maintenance of investments, which require or enforce commitments to export goods produced or which specify that goods or services must be purchased locally, which impose any other similar requirements. 7. Each Contracting Party shall establish provide effective means of asserting claims and maintain in its territory a legal framework favourable enforcing rights with respect to investors legal continuity of treatmentinvestment agreements, including the observance of good faith all commitments to the investorinvestment authorization and properties. 5. The Contracting Parties shall establish any condition for achieving the development or continuation of investments that could lead to the acceptance or the imposition of obligations relating to production for export and provide for the supply of goods or any similar requirement. 6. In accordance with its national laws and regulations, each Contracting Party shall accord to nationals of the other contracting party in its territory for an investment regulated by this Agreement, adequate working conditions to their professional activities8. Each Contracting Party as far as possible shall apply the most favourable treatment make public all laws, regulations, administrative practices and procedures that pertain to issues relating to the entry, stay and work and travel within its territory of nationals of the other contracting party, as well as members of their familiesor affect investments. 7. Companies incorporated in accordance with the laws and regulations of one Contracting Party and which are owned or controlled by investors of the other Contracting Party shall be permitted freely to engage senior managers, regardless of their nationality in accordance with the laws of the host Contracting Party.

Promotion and Protection of Investments. 1. Each Both Contracting Party Parties shall encourage investors of the other Contracting Party to invest in its their territory. 2. Investors of both either Contracting Parties shall have a the right of access to investment investments activities in the territory of the other Contracting Party that is no Party, which shall be not less favourable than that provided for in under Article III, paragraph 1. 3. Each of the Both Contracting Parties shall always accord at all times ensure just and fair and equitable treatment to the investments of investors of the other Contracting Party. The Both Contracting Parties shall ensure that the management, maintenance, employmentuse, processingtransformation, use enjoyment or disposal of the investments made effected in their territory by investors of the other Contracting Party, as well as of the by companies or and enterprises in which such these investments have been madeeffected, shall never in no way be subject to the object of unjustified or discriminatory measures. 4. Each Contracting Party shall establish create and maintain in its territory a legal framework favourable to capable of guaranteeing investors legal the continuity of legal treatment, including the observance of compliance in good faith to all commitments undertakings entered into with regard to the each individual investor. 5. The Neither Contracting Parties shall establish set any condition conditions for achieving the development establishment, expansion or continuation of investments which might imply taking over or imposing any obligations on export production and specifying that could lead to the acceptance goods must be procured locally or the imposition of obligations relating to production for export and provide for the supply of goods or any similar requirementconditions. 6. In accordance with its national laws and regulations, each Contracting Party shall accord grant to nationals of the other contracting party Contracting Party, who are in its territory for in connection with an investment regulated by under this Agreement, adequate working conditions to for carrying out their professional activities. Each Contracting Party shall apply regulate as favourably as possible the most favourable treatment to issues relating to problems connected with the entry, stay and stay, work and travel within movement in its territory of the above nationals of the other contracting party, as well as Contracting Party and members of their families. 7. Companies incorporated in accordance with constituted under the laws and regulations of one Contracting Party and which are owned or controlled by investors of the other Contracting Party shall be permitted freely to engage senior managerstop managerial personnel of their choice, regardless of their nationality nationality, in accordance with the laws of the host Contracting Party.

Promotion and Protection of Investments. 1. Each Having regard to their general policy in the field of foreign investment, each Contracting Party shall encourage and promote and admit investments in its territory by investors of the other Contracting Party to invest in accordance with its territorylegislation. 2. Investors In accordance with the laws and regulations relating to the entry and residence of both foreigners, it shall be permitted to persons working for an investor of one Contracting Parties shall have a right Party, as well as Members of access their families, to investment activities in enter, to establish and leave the territory of the other Contracting Party that is no less favourable than that provided for Party, to carry out activities in Article III, paragraph 1connection with investments in the territory of the latter Contracting Party. 3. Each of the Contracting Parties Party shall always accord at all times fair and equitable treatment to the investments of investors of the other Contracting Party. The Contracting Parties Party and shall ensure that not hinder unreasonable or discriminatory measures by the management, maintenance, employmentuse, processing, use enjoyment or disposal of investments made in their territory by investors of the other Contracting Party, as well as the acquisition of goods and services and the companies or enterprises in which such investments have been made, shall never be subject to unjustified or discriminatory measuresproceeds from sale. 4. Each Contracting Party shall establish provide the means for asserting claims and maintain in its territory a legal framework favourable to investors legal continuity of treatment, including the observance of good faith all commitments enforcing rights relating to the investorprotection of investments under this Agreement. 5. The Contracting Parties shall establish any condition for achieving the development or continuation of investments that could lead to the acceptance or the imposition of obligations relating to production for export and provide for the supply of goods or any similar requirement. 6. In accordance with its national laws and regulations, each Contracting Party shall accord to nationals of the other contracting party in its territory for an investment regulated by this Agreement, adequate working conditions to their professional activities. Each Contracting Party shall apply the most favourable treatment to issues relating promptly publish or make available to the entrypublic in whatever manner, stay laws, regulations, administrative practices and work and travel within its territory procedures of nationals of the other contracting party, as well as members of their familiesgeneral application or concerning investments under this Agreement. 76. Companies incorporated Investments made in accordance with the laws and regulations of one the Contracting Party and which are owned or controlled in whose territory the investment has been made, shall benefit from the full protection of this Agreement. In no case shall any Contracting Party grant less favourable treatment than that provided for by international law binding on the Parties. Each Contracting Party shall respect its obligations to investors of the other Contracting Party shall be permitted freely with respect to engage senior managers, regardless of their nationality in accordance with investments. 7. Investment returns enjoy the laws of same treatment and protection to the host Contracting Partyinvestments.

Promotion and Protection of Investments. 1. Each Both Contracting Party Parties shall encourage investors of the other Contracting Party to invest in its their territory. 2. Investors of both either Contracting Parties shall have a the right of access to investment investments activities in the territory of the other Contracting Party that is no Party, which shall be not less favourable than that provided for in under Article III, paragraph 1. 3. Each of the Both Contracting Parties shall always accord at all times ensure just and fair and equitable treatment to the investments of investors of the other Contracting Party. The Both Contracting Parties shall ensure that the management, maintenance, employmentuse, processingtransformation, use enjoyment or disposal assignment of the investments made effected in their territory by investors of the other Contracting Party, as well as of the by companies or and enterprises in which such these investments have been madeeffected, shall never in no way be subject to the object of unjustified or discriminatory measures. 4. Each Contracting Party shall establish create and maintain in its territory a legal framework favourable capable of guaranteeing to investors legal the continuity of legal treatment, including the observance of compliance in good faith to all commitments undertakings entered into with regard to the each individual investor. 5. The Neither Contracting Parties shall establish set any condition conditions for achieving the development establishment, expansion or continuation of investments which might imply taking over or imposing any obligations on export production and specifying that could lead to the acceptance goods must be procured locally or the imposition of obligations relating to production for export and provide for the supply of goods or any similar requirementconditions. 6. In accordance with its national laws and regulations, each Contracting Party shall accord grant to nationals of the other contracting party Contracting Party, who are in its territory for in connection with an investment regulated by as part this Agreement, adequate working conditions to for carrying out their professional activities. Each Contracting Party and shall apply regulate as favourably as possible the most favourable treatment to issues relating to problems connected with the entry, stay and stay, work and travel within movement in its territory of the above nationals of the other contracting party, as well as Contracting Party and members of their families. 7. Companies incorporated in accordance with constituted under the laws and regulations of one Contracting Party and which are owned or controlled by investors of the other Contracting Party shall be permitted freely to engage senior managerstop managerial personnel of their choice, regardless of their nationality nationality, in accordance with the laws of the host Contracting Party.

Promotion and Protection of Investments. 1. Each Both Contracting Party Parties shall encourage investors of the other Contracting Party to invest in its their territory. 2. Investors of both either Contracting Parties Party shall have a the right of access to investment investments activities in the territory of the other Contracting Party that is no Party, which shall be not less favourable than that provided for in under Article III, paragraph 1.paragraph 1. 3. Each of the Contracting Parties Party shall always accord at all times ensure just and fair and equitable treatment to the investments of investors of the other Contracting Party. The Both Contracting Parties shall ensure that the management, maintenance, employmentuse, processingtransformation, use enjoyment or disposal of the investments made effected in their territory by investors of the other Contracting Party, as well as of the by companies or and enterprises in which such these investments have been madeeffected, shall never in no way be subject to the object of unjustified or discriminatory measures. 4. Each Contracting Party shall establish create and maintain in its territory a legal framework favourable to capable of guaranteeing investors legal the continuity of legal treatment, including the observance of compliance in good faith all commitments to the with undertaking entered upon by each individual investor. 5. The Neither Contracting Parties Party shall establish set any condition conditions for achieving the development establishment, expansion or continuation of investments investment which might imply taking over or imposing any obligations on export production or specifying that could lead to the acceptance goods must be procured locally or the imposition of obligations relating to production for export and provide for the supply of goods or any similar requirementconditions. 6. In Each Contracting Party, in accordance with its national laws and regulations, each Contracting Party shall accord : a) Shall guarantee to nationals of the other contracting party Contracting Party, who are in its territory for in connection with an investment regulated by under this Agreement, adequate working conditions to for carrying out their professional activities. Each Contracting Party shall apply the most favourable treatment to issues relating to ; b) Shall settle as favourably as possible any problems connected with the entry, stay and stay, work and travel within movement in its territory of the above nationals of the other contracting party, as well as Contracting Party and members of their families. 7. Companies incorporated in accordance with c) Shall allow companies constituted under the laws and regulations of one Contracting Party — and which are owned or controlled by investors of the other Contracting Party shall be permitted freely — to engage senior managerstop managerial personnel of their choice, regardless of their nationality nationality, in accordance with the laws of the host Contracting Party.

Promotion and Protection of Investments. (1. ) Each Contracting Party shall encourage and create favourable conditions for investments made in its territory by investors of the other Contracting Party to invest in its territoryParty. (2. Investors ) Investments shall be admitted with legal provisions of both the Contracting Parties shall have a right of access to investment activities Party in the territory of in which the other Contracting Party that investment is no less favourable than that made and shall enjoy the protection and guarantees provided for in Article III, paragraph 1this Agreement. (3. ) Each of the Contracting Parties shall always accord Party undertakes to provide in its territory a fair and equitable treatment to the for investments of investors of the other Contracting Party. The Neither Contracting Parties Party shall ensure that in any way impair by arbitrary, unreasonable or discriminatory measures the management, maintenance, employment, processing, maintenance or use or of investments as well as the right to disposal of these. (4) Investors of either Contracting Party shall be permitted to engage top managerial and technical personnel, of their choice, regardless of nationality, to the extent permitted by the laws of the host country. Subject to the laws relating to the entry and sojourn of aliens, nationals of their Contracting Party shall be permitted to enter and to remain in the territory of the other Contracting Party for the purpose of establishing and administering their investment. (5) Each Contracting Party undertakes to provide effective means of asserting claims and enforcing rights with respect to investment agreement, investment authorizations and properties. Each Contracting Party shall not impair the right of the investor of the other Contracting Party to have access to its courts of justice, administrative tribunals and agencies and all other bodies exercising adjudicatory authority. (6) Each Contracting Party shall public all laws and regulations that pertain to or affect investments made in their its territory by of investors of the other Contracting Party, as well as of the companies or enterprises in which such investments have been made, shall never be subject to unjustified or discriminatory measures. 4. Each Contracting Party shall establish and maintain in its territory a legal framework favourable to investors legal continuity of treatment, including the observance of good faith all commitments to the investor. 5. The Contracting Parties shall establish any condition for achieving the development or continuation of investments that could lead to the acceptance or the imposition of obligations relating to production for export and provide for the supply of goods or any similar requirement. 6. In accordance with its national laws and regulations, each Contracting Party shall accord to nationals of the other contracting party in its territory for an investment regulated by this Agreement, adequate working conditions to their professional activities. Each Contracting Party shall apply the most favourable treatment to issues relating to the entry, stay and work and travel within its territory of nationals of the other contracting party, as well as members of their families. 7. Companies incorporated in accordance with the laws and regulations of one Contracting Party and which are owned or controlled by investors of the other Contracting Party shall be permitted freely to engage senior managers, regardless of their nationality in accordance with the laws of the host Contracting Party.

Promotion and Protection of Investments. 1. Each Contracting Party shall encourage investors of the other Contracting Party contracting party to invest in its territory. 2. Investors of both Contracting Parties shall have a right of access to investment activities in the territory of the other Contracting Party that is no less favourable than that provided for in Article III, paragraph 1. 3. Each of the Contracting Parties Party shall always accord fair and equitable treatment to the investments of investors of the other Contracting Party. The Party the Contracting Parties shall ensure to certify that the management, maintenance, employment, processing, use use, enjoyment or disposal of investments made in their its territory by investors of the other Contracting Partycontracting party, as well as of the companies or enterprises in which firms or such investments have been made, shall never be are not subject to any unjustified or discriminatory measures. 4. Each Contracting Party shall establish and maintain in its territory a legal framework favourable to investors legal continuity of treatment, including the observance of respect in good faith all commitments to the each investor. 5. The Contracting Parties shall establish any condition for achieving the development or continuation of investments that continued investment could lead to the acceptance or the imposition of obligations relating to production for export and provide for the supply of goods or any similar requirementstatus. 6. In accordance with its national laws and regulations, each Contracting Party shall accord to nationals of the other contracting party in its territory for an investment regulated by this Agreement, Agreement adequate working conditions to for the conduct of their professional activities. Each activities each Contracting Party shall apply the most favourable treatment to issues relating to the entry, stay entry and work and travel sojourn labour movement within its territory of nationals of the other contracting party, as well as members of their families. 7. Companies incorporated in accordance with the laws and regulations of one Contracting Party and which are owned or controlled by investors of the other Contracting Party shall be permitted freely to engage senior managers, regardless of their nationality nationality, in accordance with the laws of the host Contracting Party.party contracting

Promotion and Protection of Investments. 1. Each Both Contracting Party Parties shall encourage investors of the other Contracting Party to invest in its their territory. 2. Investors of both either Contracting Parties shall have a the right of access to investment investments activities in the territory of the other Contracting Party that is no Party, which shall be not less favourable than that provided for in under Article IIIIN, paragraph 1. 3. Each of the Both Contracting Parties shall always accord at all times ensure just and fair and equitable treatment to the investments of investors of the other Contracting Party. The Both Contracting Parties shall ensure that the management, maintenance, employmentuse, processingtransformation, use enjoyment or disposal assignment of the investments made effected in their territory by investors of the other Contracting Party, as well as of the by companies or and enterprises in which such these investments have been madeeffected, shall never in no way be subject to the object of unjustified or discriminatory measures. 4. Each Contracting Party shall establish create and maintain in its territory a legal framework favourable capable of guaranteeing to investors legal the continuity of legal treatment, including the observance of compliance in good faith to all commitments undertakings entered into with regard to the each individual investor. 5. The Neither Contracting Parties shall establish set any condition conditions for achieving the development establishment, expansion or continuation of investments which might imply taking over or imposing any obligations on export production and specifying that could lead to the acceptance goods must be procured locally or the imposition of obligations relating to production for export and provide for the supply of goods or any similar requirementconditions. 6. In accordance with its national laws and regulations, each Contracting Party shall accord grant to nationals of the other contracting party Contracting Party, who are in its territory for in connection with an investment regulated by as part this Agreement, adequate working conditions to for carrying out their professional activities. Each Contracting Party and shall apply regulate as favourably as possible the most favourable treatment to issues relating to problems connected with the entry, stay and stay, work and travel within movement in its territory of the above nationals of the other contracting party, as well as Contracting Party and members of their families. 7. Companies incorporated in accordance with constituted under the laws and regulations of one Contracting Party and which are owned or controlled by investors of the other Contracting Party shall be permitted freely to engage senior managerstop managerial personnel of their choice, regardless of their nationality nationality, in accordance with the laws of the host Contracting Party.