Common use of Special Commitments Clause in Contracts

Special Commitments. 1. If legal provisions of either Contracting Party or obligations derived from International Law existing at present or established hereinafter between the Contracting Parties in addition to the present Agreement, contain a regulation, whether general or specific, according to which, a treatment more favourable than the provided for this Agreement shall be granted to investments by nationals or companies of the other Contracting Party, such regulation shall to the extent that is more favourable, prevail over this Agreement. 2. Each Contracting Party shall observe any other obligation it has assumed in writing, with regard to investments in its territory by investors of the other Contracting Party. Dispute arising from such obligations shall be settled under the terms of the contracts underlying the obligations.

Appears in 4 contracts

Samples: Investment Protection Agreement, Investment Promotion and Protection Agreement, Investment Agreement

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Special Commitments. 1. If legal provisions of either one of the Contracting Party Parties or obligations derived from International Law existing at present or established hereinafter between the Contracting Parties in addition to the present Agreement, contain a regulation, whether general or specific, according to which, a treatment more favourable than the treatment provided for this Agreement shall be granted to investments by nationals or companies of the other another Contracting Party, such regulation shall to the extent that is more favourable, prevail over this Agreement. 2. Each Contracting Party shall observe any other obligation it has assumed in writing, with regard to investments in its territory by investors of the other another Contracting Party. Dispute arising from such obligations shall be settled under the terms of the contracts underlying the obligations.

Appears in 1 contract

Samples: Tripartite Treaty of Amity, Navigation and Trade

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