Transfer of Investments and Returns. (1) Each Contracting Party shall in respect of investments guarantee to investors of the other Contracting Party the unrestricted transfer of their investments and returns abroad.
(2) Transfers of currency shall be effected without delay in any convertible currency. Unless otherwise agreed by the investor transfers shall be made at the rate of exchange applicable on the date of transfer.
Transfer of Investments and Returns. 1. Each Contracting Party shall, in respect of investments, guarantee to investors of the other Contracting Party the rights of unrestricted transfer of their investments and returns in accordance with the following terms:
(i) Transfers shall be effected without delay in the freely usable currency in which the capital was originally invested or in any other freely usable currency agreed by the investor and the Host Contracting Party; provided that the investor has complied with all his fiscal and other financial obligations to government or local authorities of the Host Contracting Party.
(ii) Unless otherwise agreed with the investor, transfers shall be made at the rate of exchange applicable on the basis of transfer according to the exchange regulations in force in the Host Contacting Party.
(iii) In any case, transfers shall be in terms not less favorable than that accorded by the Host Contracting Party to its own investors.
2. Notwithstanding the foregoing:
(i) When a Contracting Party is in serious balance of payments difficulties or in serious difficulties for the operation of the exchange rate policy or monetary policy, or under threat thereof, that Contracting Party may. in conformity with the conditions laid down within the framework of the GATT and with Articles VIII and XIV of the Articles of Agreement of the International Monetary Fund, adopt restrictive measures which may not go beyond what is necessary to remedy the situation, for a period not exceeding six months. The Contracting Party shall notify the other Contracting Party, as soon as possible, as to the measures taken, and the expected timetable for their removal.
(ii) Such measures shall be equitable, non-discriminatory, and in good faith.
Transfer of Investments and Returns. (1) Each Contracting Party shall in respect of investments guarantee to investors of the other Contracting Party the unrestricted right to transfer their investments and returns abroad.
(2) Each Contracting Party shall also guarantee to investors of the other Contracting Party the unrestricted right to transfer funds to maintain or increase the investment or to repay loans contracted or to meet other contractual obligations undertaken in connection with the investment.
(3) Transfers of currency shall be effected without delay in any convertible currency. Unless otherwise agreed by the investor transfers shall be made at the rate of exchange applicable on the date of transfer.
Transfer of Investments and Returns. (1) Each Contracting Party shall guarantee to investors of the other Contracting Party the unrestricted right to transfer their investments and returns abroad including the transfer of:
(a) payments from compensation pursuant to Articles 4 and 5 of this Agreement;
(b) payments referred to in Article 10 of this Agreement; and
(c) payments arising out of the settlement of disputes.
(2) Transfers of currency shall be effected without delay in any convertible currency. The term "without delay" shall mean such period as is normally required for the transfer of payments and the completion of the necessary formalities for such transfer. Unless otherwise agreed by the investor transfers shall be made at the rate of exchange applicable on the date of transfer.
Transfer of Investments and Returns. (1) Each Contracting Party shall permit all funds of an investor of the other Contracting Party related to an investment in its territory to be freely transferred, without unreasonable delay and on a non-discriminatory basis. Such funds may include:
(a) Capital and additional capital amounts used to maintain and increase investments;
(b) Net operating profits including dividends and interest in proportion to their share-holdings;
(c) Repayments of any loan including interest thereon, relating to the investment;
(d) Payment of royalties and services fees relating to the investment;
(e) Proceeds from sales of their shares;
(f) Proceeds received by investors in case of sale or partial sale or liquidation;
(g) The earnings of citizens/nationals of one Contracting Party who work in connection with investment in the territory of the other Contracting Party.
(2) Nothing in paragraph (1) of this Article shall affect the transfer of any compensation under Article 6 of this Agreement.
(3) Unless otherwise agreed to between the parties, currency transfer under paragraph (1) of this Article shall be permitted in the currency of the original investment or any other convertible currency. Such transfer shall be made at the prevailing market rate of exchange on the date of transfer.
Transfer of Investments and Returns. Each Contracting Party shall allow the transfer of the following without delay, and in any convertible currency:
a) Net profits, interests or other current returns generated from investments of investors of the other Contracting Party.
b) Proceeds from the full or partial liquidation of an investment, in addition to the value of compensation due on these investments.
c) Loan installments invested in its territory and re-exported abroad.
d) Wages of nationals of the other Contracting Party who are licensed to work in its territory under an investment.
Transfer of Investments and Returns. 1) Disputes arising between the Contracting Parties regarding the interpretation and application of this agreement shall, as far as possible, be settled through diplomatic channels.
2) Disputes arising between either Contracting Party and a national of the other Contracting Party with regards to his investments in the territory of the former Contracting Party shall, as far as possible, be settled amicably;
3) If the disputes could not be settled in the previously mentioned manner, either Contracting Party may present the dispute to an arbitration tribunal composed of three members. Each party to the dispute shall appoint one arbitrator and the two arbitrators shall appoint a third arbitrator as their chairman, who is to be a national of a third state.
4) If one of the Contracting Parties fails to appoint its arbitrator and has not proceeded to do so within two months after an invitation from the other party to make such an appointment, the latter party may invite the International Court of Justice to make the necessary appointment.
5) If the two arbitrators are unable to agree over their choice of the third arbitrator two months following their appointment, either party to the dispute may invite the President of the International Court of Justice to make the necessary appointment.
6) If, in the cases provided for in Paragraphs 4 and 5 of this Article, the President of the International Court of Justice is prevented from discharging the said function or is a national of either Contracting Party, the Vice-President shall be invited to make the necessary appointments. If the Vice-President is prevented from discharging the said function or is a national of either Contracting Party, the next most senior member of the International Court of Justice who is not a national of either Contracting Party shall be invited to make the necessary appointments.
7) The arbitral tribunal shall determine its procedural rules and shall take its decision by a majority of votes. Such decision shall be binding on both Contracting Parties. Each Contracting Party shall bear the costs of its member on the arbitral tribunal, as well as the costs for its representation in the arbitration proceedings. The costs of the chairman as well as any other costs shall be borne in equal parts by the two Contracting Parties.
8) Investors of either Contracting Party may file, before the domestic judiciary of the other Contracting Party host to the investment, any dispute of a legal nature that may...
Transfer of Investments and Returns. (1) Subject to its laws and policies, each Contracting Party shall in respect of investments guarantee to investors of the other Contracting Party the right to transfer abroad their investments and returns.
(2) Transfers of currency including payments in compensation for losses in accordance with Article 5 of this Agreement shall be permitted without undue delay in any freely convertible currency. Unless otherwise agreed by the investor transfers shall be made at the rate of exchange applicable on the date of transfer.
(3) A Contracting Party may protect the rights of creditors, or ensure the satisfaction of judgements in adjudicatory proceedings, through the equitable, non-discriminatory and good faith application of its law.
Transfer of Investments and Returns. (1) Each Party shall allow investors of the other Party the free transfer of payments relating to their investments and returns, including the -
(a) compensation paid pursuant to Articles 4 and 5;
(b) amounts intended for the payment of contractual obligations, including the amounts required for the repayment of loans, the payment of royalties for licenses, franchises, concessions and other similar rights;
(c) revenue from investments; and
(d) proceeds of the total or partial liquidation of the investments, including the appreciation or increase of the capital invested. All transfers shall be effected without delay in any convertible currency at the market rate of exchange applicable on the date of transfer. In the absence of a market for foreign exchange, the rate to be used shall be the most recent exchange rate applied to inward investments or the most recent exchange rate for conversion of currencies into Special Drawing Rights, whichever is the more favourable to the investor. Transfers shall be done in accordance with the domestic law of the country pertaining thereto. Such law shall not, however, regarding either the requirements or the application thereof, impair or derogate from free and undelayed transfer allowed in terms of sub-Articles (1) and (2).
Transfer of Investments and Returns. 1. Each Contracting Party shall, subject to its laws and regulations, guarantee to the investors of the other Contracting Party the transfer of their investments and returns held in its territory, including:
(a) profits, dividends, interests and other legitimate income;
(b) proceeds obtained from the total or partial sale or liquidation of investments;
(c) payments pursuant to a loan agreement in connection with investments;
(d) royalties in relation to the matters in Paragraph 1 d) of Article 1;
(e) payments of technical assistance or technical service fee, management fee;
(f) payments in connection with contracting projects;
(g) earnings of nationals of the other Contracting Party who work in connection with an investment in its territory.
2. Nothing in Paragraph 1 of this Article shall affect the free transfer of compensation paid under Article 4 of this Agreement.
3. The transfer mentioned above shall be made in a freely convertible currency and at the prevailing market rate of exchange applicable within the Contracting Party accepting the investments and on the date of transfer.
