Subrogation of Rights. 1. If one Contracting Party has a public insurance plan or guarantee to protect its investors from non-commercial risks and the investor has applied for insurance or guarantee, any transfer of rights under the insurance contract between the investor and the insurer shall be recognized by the other Contracting Party. 2. The insurer has, on the basis of subrogation, the right to realize and realize claims to the same extent as the indemnified investor, as well as to assume obligations on the basis of investments. The transferred rights or claims may not be greater than the original rights and claims of the investor. 3. Disputes between a Contracting Party and an insurer shall be settled in accordance with the provisions of Article 12 of this Agreement.
Appears in 4 contracts
Samples: Agreement on Mutual Promotion and Investment Protection, Agreement on Mutual Promotion and Investment Protection, Agreement on Mutual Promotion and Investment Protection
