Common use of Promotion of Investments Clause in Contracts

Promotion of Investments. (1) Each Party shall, subject to its general policy in the field of foreign investment, encourage investments in its territory by investors of the other Party, and, subject to its right to exercise powers conferred by the domestic law of its country, shall admit such investments. (2) Each Party shall grant, in accordance with the domestic law of its country, the necessary permits in connection with such investments and with the carrying out of licensing agreements and contracts for technical, commercial or administrative assistance. (3) In order to create favourable conditions for assessing the financial position and results of activities related to investments in the territory of a Party, that Party shall - notwithstanding its own requirements for bookkeeping and auditing - permit the investment to be subject also to bookkeeping and auditing according to standards which the investor is subjected to by his or its national requirements or according to internationally accepted standards (such as International Accountancy Standards (IAS) drawn up by the International Accountancy Standards Committee (IASA) ). The results of such accountancy and audit shall be freely transferable to the investor.

Promotion of Investments. (1) Each Party shall, subject to its general policy in the field of foreign investment, encourage promote investments in its territory by investors of the other Party, and, and subject to its right to exercise powers conferred by the domestic law of its country, shall admit such investments. (2) Each Party shall grant, in accordance with the domestic law of its country, the necessary permits in connection with such investments and with the carrying out of licensing agreements and contracts for technical, commercial or administrative assistance. (3) In order to create favourable conditions for assessing the financial position and results of activities related to investments in the territory of a Party, that Party shall - shall, notwithstanding its own requirements for bookkeeping and auditing - auditing, permit the investment to be subject also to bookkeeping and auditing according to standards which the investor is subjected to by his or its national requirements or according to internationally accepted standards (such as International Accountancy Standards (IAS) drawn up by the International Accountancy Standards Committee (IASA) lASA)). The results of such accountancy and audit supplementary financial statements shall not be freely transferable to for use in the investorhost country.

Promotion of Investments. (1) Each Contracting Party shall, subject to its general policy in the field of foreign investment, encourage the making of investments in its territory by investors of the other Contracting Party, and, subject to its right to exercise powers conferred by compliance with the domestic law provisions of its countrylaws, shall admit such investments. (2) Each Contracting Party shall grant, in accordance with the domestic law of its countrylaws, the necessary permits in connection with such investments and with the carrying out of such investments and, whenever necessary, licensing agreements and contracts for technical, commercial or administrative assistance. (3) In order to create favourable conditions for assessing the financial position and results of activities related to investments an investment made in the territory of a Contracting Party, that such Contracting Party shall - notwithstanding its own requirements for bookkeeping and auditing - permit the investment to be subject also to bookkeeping and auditing according to standards which the investor is subjected to by his or its national requirements or and/or according to internationally accepted standards (such as International Accountancy Standards (IAS) drawn up by the International Accountancy Standards Committee (IASA) IASC)). The bookkeeping and auditing as well as the results of such accountancy and audit therefrom shall be freely transferable available to the investor.

Promotion of Investments. (1) Each Party shall, subject to its general policy in the field of foreign investment, encourage investments in its territory by investors of the other Party, Party and, subject to its right to exercise powers conferred by the domestic law of its country, shall admit such investments. (2) Each Party shall grant, in accordance with the domestic law of its country, the necessary permits in connection with such investments and with the carrying out of licensing agreements and contracts for technical, commercial or administrative assistance. (3) In order to create favourable conditions for assessing the financial position and results of activities related to investments in the territory of a Party, that Party shall - notwithstanding its own requirements for bookkeeping and auditing - permit the investment to be subject also to bookkeeping and auditing according to standards which the investor is subjected to by his or its national requirements or according to internationally accepted standards (such as International Accountancy Standards (IAS) drawn up by the International Accountancy Standards Committee (IASA) ). The results of such accountancy and audit shall be freely transferable to the investor.

Promotion of Investments. (1) Each Party shall, subject to its general policy in the field of foreign investment, encourage investments in its territory by investors of the other Party, Party and, subject to its right to exercise powers conferred by the domestic law of its country, shall admit such investments. (2) Each Party shall grant, in accordance with the domestic law of its country, the necessary permits in connection with such investments and with the carrying out of licensing agreements and contracts for technical, commercial or administrative assistance. (3) In order to create favourable conditions for assessing the financial position and results of activities related to investments in the territory of a Party, that Party shall - – notwithstanding its own requirements for bookkeeping and auditing - – permit the investment to be subject also to bookkeeping and auditing according to standards which the investor is subjected to by his or its national requirements or according to internationally accepted standards (such as International Accountancy Standards (IASIASA) drawn up by the International Accountancy Standards Committee (IASA) )). The results of such accountancy and audit shall be freely transferable to the investor.

Promotion of Investments. (1) Each Party shall, subject to its general policy in the field of foreign investment, encourage investments in its territory by investors of the other Party, and, subject to its right to exercise the powers conferred by the domestic law of its country, shall admit such investments. (2) Each Party shall grant, in accordance with the domestic law of its country, the necessary permits in connection with such investments and with the carrying out of licensing agreements and contracts for technical, commercial or administrative assistance. (3) In order to create favourable conditions for assessing the financial position and results of activities related to investments in the territory of a Party, that Party shall - Shall, notwithstanding its own requirements for bookkeeping and auditing - auditing, permit the investment to be subject also to bookkeeping and auditing according to standards which the investor is subjected to by his or its national requirements or according to internationally accepted standards (such as International Accountancy Accountacy Standards (IAS) drawn up by the International Accountancy Standards Committee (IASA) )). The results of such accountancy and audit shall be freely transferable to the investor.

Promotion of Investments. (1) Each Party shall, subject to its general policy in the field of foreign investment, encourage investments in its territory by investors of the other Party, Party and, subject to its right to exercise the powers conferred by the domestic law of its country, shall admit such investments. (2) Each Party shall grant, in accordance with the domestic law of its country, the necessary permits in connection with such investments and with the carrying out of licensing agreements and contracts for technical, commercial or administrative assistance. (3) In order to create favourable conditions for assessing the financial position and results of activities related to investments in the territory of a Party, that Party shall - shall, notwithstanding its own requirements for bookkeeping and auditing - auditing, permit the investment to be subject also to bookkeeping and auditing according to standards which the investor is subjected to by his his, her or its national requirements or according to internationally accepted standards (such as International Accountancy Standards (IAS) drawn up by the International Accountancy Standards Committee (IASA) )). The results of such accountancy and audit shall be made freely transferable available to the investor.

Promotion of Investments. (1) Each Party shall, subject to its general policy in the field of foreign investment, encourage investments in its territory by investors of the other Party, Party and, subject to its right to exercise powers conferred by the domestic law of its country, shall admit such investments. (2) Each Party shall grantshall, in accordance with the domestic law of its country, grant the necessary permits in connection with such investments and with the carrying out of licensing agreements and contracts for technical, commercial or administrative assistance. (3) In order to create favourable conditions for assessing the financial position and results of activities related to investments in the territory of a Party, that Party shall - shall, notwithstanding its own requirements for bookkeeping and auditing - auditing, permit the investment to be subject also to bookkeeping and auditing according to standards which the investor is subjected to by his his, her or its national requirements or according to internationally accepted standards (such as International Accountancy Standards (IAS) drawn up by the International Accountancy Standards Committee (IASA) ). The results of such accountancy bookkeeping and audit shall be freely transferable available to the investor.

Promotion of Investments. (1) Each Contracting Party shall, subject to its general policy in the field of foreign investment, encourage investments in its territory by investors of the other Contracting Party, and, subject to its right to exercise powers conferred by the domestic law of its countrylaws, shall admit such investments. (2) Each Contracting Party shall grant, in accordance with the domestic law of its countrylaws, the necessary permits in connection with such investments and with the carrying out of licensing agreements and contracts for technical, commercial or administrative assistance. (3) In order to create favourable conditions for assessing the financial position and results of activities related to investments in the territory of a Contracting Party, that Contracting Party shall - notwithstanding its own requirements for bookkeeping and auditing - permit the investment to be subject also to bookkeeping and auditing according to standards which the investor is subjected to by his or its national requirements or according to internationally accepted standards (such as International Accountancy Standards (IAS) drawn up by the International Accountancy Standards Committee (IASA) )). The results of such accountancy and audit shall be freely transferable to the the. investor.

Promotion of Investments. (1) . Each Contracting Party shall, subject to its general policy laws and regulations in the field of foreign investment, encourage investments in its territory by investors of the other Contracting Party, and, subject to its right to exercise powers conferred by the domestic law of its countrylaws, shall admit such investmentsinvestment. (2) . Each Contracting Party shall grant, in accordance with the domestic law of its countrylaws and regulations, the necessary permits in connection with such investments and with the carrying out of licensing agreements and contracts for technical, commercial or administrative assistance. (3) . In order to create favourable conditions for assessing the financial position and results of activities related to investments in the territory of a Contracting Party, that Contracting Party shall - notwithstanding its own requirements for bookkeeping and auditing - permit the investment to be subject also to bookkeeping and auditing according to standards which the investor is subjected to by his or its national requirements or according to internationally accepted standards (such as eg. International Accountancy Standards (IAS) drawn up by the International Accountancy Standards Committee (IASA) IASC)). The results result of such accountancy and audit shall be freely transferable to the investor.

Promotion of Investments. (1) Each Party shall, subject subj ect to its general policy in the field of foreign investment, encourage investments in its territory by investors of the other Party, Party and, subject to its right to exercise powers conferred by the domestic law of its countryterritory, shall admit such investments. (2) Each Party shall grant, in accordance with the domestic law of its countryterritory, the necessary permits in connection with such investments and with the carrying out of licensing agreements and contracts for technical, commercial or administrative assistance. (3) In order to create favourable conditions for assessing the financial position and results of activities related to investments in the territory of a Party, that Party shall - notwithstanding its own requirements for bookkeeping and auditing - permit the investment to be subject also to bookkeeping and auditing according to standards which the investor is subjected to by his or its national requirements or according to internationally accepted standards (such as International Accountancy Standards (IAS) drawn up by the International Accountancy Standards Committee (IASA) IAS A)). The results of such accountancy and audit shall be freely transferable to the investor.