Common use of Special Formalities and Information Requirements Clause in Contracts

Special Formalities and Information Requirements. 1. Nothing in Article 58 shall be construed to prevent aParty from adopting or maintaining a measure thatprescribes special formalities in connection with theestablishment of investments by investors of the otherParty, such as the compliance with registrationrequirements or that investments be legally constitutedunder the laws or regulations of the Party, provided thatsuch formalities do not materially impair the protectionafforded by a Party to investors of the other Party andinvestments of investors of the other Party pursuant tothis Chapter. 2. Notwithstanding Article 58 or 59, a Party may requirean investor of the other Party, or its investment in itsArea, to provide routine information concerning thatinvestment solely for information or statistical purposes.The Party shall protect such business information that isconfidential from any disclosure that would prejudice thecompetitive position of the investor or the investment.Nothing in this paragraph shall be construed to prevent aParty from otherwise obtaining or disclosing information inconnection with the equitable and good faith application ofits law.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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