Common use of Repatriation and Transfer Clause in Contracts

Repatriation and Transfer. 1. Subject to its laws and regulations, each Contracting Party shall guarantee in good faith all transfers related to an investment to be made freely and without delay into and out of its territory. Such transfers include: (a) the initial capital and additional amounts to maintain or increase investment, (b) returns, (c) proceeds from the sale ar liquidation of all or any part of an investment, (d) compensation pursuant to Article 6 and 7, (e) reimbursements and interest payments deriving from loans in connection with investments, (f) salaries, wages and other remunerations received by the nationals of one Contracting Party who have obtained in the territory of the other Contracting Party the corresponding work permits related to an investment, (g) payments arising from an investment dispute. 2. Transfers shall be made in the convertible currency in which the investment has been made or in any convertible currency at the rate of exchange in force at the date of transfer, unless otherwise agreed by the investor and the hosting Contracting Party. 3. Where, in exceptional circumstances, payments and capital movements cause or threaten to cause serious balance of payments difficulties, each Contracting Party may temporarily restrict transfers, provided that such restrictions are imposed on a non- discriminatory and in good faith basis.