Common use of Protection of Investment Clause in Contracts

Protection of Investment. (1) Investments of nationals or companies of either Contracting Party shall at all times be accorded fair and equitable treatment and shall 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 nationals or companies of the other Contracting Party, Each Contracting Party shall observe any obligation it may have entered into with regard to investments of nationals or companies of the other Contracting Party. (2) Neither Contracting Party shall in its territory subject investments made by nationals or companies of the other Contracting Party or returns of such investments to treatment less favourable than that which it accords to investments or returns of its own nationals or companies or to investments or returns of nationals or companies of any third State (whichever of these standards is the more favourable from the point of view of the investor). (3) Neither Contracting Party shall in its territory subject nationals or companies of the other Contracting Party, as regards their management, maintenance, use, enjoyment or disposal of their investments or returns, to treatment less favourable than that which it accords to its own nationals or companies or to nationals or companies of any third State (whichever of these standards is the more favourable from the point of view of the investor). (4) The provisions of this Article shall have no effect in relation to international agreements entered into by either of the Contracting Parties relating wholly, or mainly to taxation.

Protection of Investment. (1) Investments of nationals or companies of either Contracting Party shall at all times be accorded fair and equitable treatment and shall 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 nationals or companies of the other Contracting Party, . Each Contracting Party shall observe any obligation it may have entered into with regard to investments of nationals or companies of the other Contracting Party. (2) Neither Contracting Party shall in its territory subject investments made by nationals or companies of the other Contracting Party or returns of such investments to treatment less favourable than that which it accords to investments or returns of its own nationals or companies or to investments or returns of nationals or companies of any third State (whichever of these standards is the more favourable from the point of view of the investor). (3) Neither Contracting Party shall in its territory subject nationals or companies of the other Contracting Party, as regards their management, maintenance, use, enjoyment or disposal of their investments or returns, returns to treatment less favourable than that which it accords to its own nationals or companies or to nationals or companies of any third State (whichever of these standards is the more favourable from the point of view of the investor). (4) The provisions of this Article shall have no effect in relation to: (a) Any existing or future customs union or similar international agreement to international which either of the Contracting Parties are or may become a Party. (b) International agreements entered into by either of the Contracting Parties relating wholly, or mainly to taxation.