Common use of Transfer of Investments Clause in Contracts

Transfer of Investments. (1) Each Contracting Party shall ensure to investors of the other Contracting Party the free transfer into and out of its area of their investments. Transfer payments related to investments shall include in particular, though not exclusively: (a) the principal and additional amounts to maintain, develop or increase the investment; (b) returns; (c) proceeds obtained from the total or partial sale or disposal of an investment, including the sale of shares; (d) the amounts required for payment of expenses which arise from the operation of the investment, such as loans repayments, payment of royalties, management fees, licence fees or other similar expenses; (e) payments related to Articles 4, 5, 8 and 10; (f) earnings and other remuneration of personnel engaged from abroad working in connection with an investment. (2) Unless otherwise agreed upon, transfers out of the area of the host Contracting Party shall be effected without delay, in a convertible currency of the investor’s choice and at the rate of exchange applicable on the date of transfer. (3) If necessary, the rate to be used shall be the most recent one for the conversions of currencies into Special Drawing Rights as applied by the International Monetary Fund.

Transfer of Investments. (1) Each Contracting Party shall ensure to investors of the other Contracting Party the free transfer into and out of its area of their investments. Transfer payments related to investments shall include in particular, though not exclusively: (a) the principal and additional amounts to maintain, develop or increase the investment; (b) returns;; 6 (c) proceeds obtained from the total or partial sale or disposal of an investment, including the sale of shares; (d) the amounts required for payment of expenses which arise from the operation of the investment, such as loans repayments, payment of royalties, management fees, licence fees or other similar expenses; (e) payments related to Articles 4, 5, 8 and 10; (f) earnings and other remuneration of personnel engaged from abroad working in connection with an investment. (2) Unless otherwise agreed upon, transfers out of the area of the host Contracting Party shall be effected without delay, in a convertible currency of the investor’s investors choice and at the rate of exchange applicable on the date of transfer. (3) If necessary, the rate to be used shall be the most recent one for the conversions of currencies into Special Drawing Rights as applied by the International Monetary Fund.