Common use of Scope of the Application Clause in Contracts

Scope of the Application. The present Agreement shall apply to investments in the territory of one Contracting Party which are, whether before or after its entry into force, made by nationals of the other Contracting Party in accordance with its laws and regulations of the former Contracting Party, in force at the time the investments were made. It shall however, not be applicable to divergencies or disputes which have arisen prior to its entry into force or to disputes directly related to events which have occurred prior to its entry into force.