Treatment of Investments. (1) Each Contracting Party shall accord to investments by investors of the other Contracting Party fair and equitable treatment and full and constant protection and security.
(2) A Contracting Party shall not impair by unreasonable or discriminatory measures the management, operation, maintenance, use, enjoyment, sale and liquidation of an investment by investors of the other Contracting Party.
(3) Each Contracting Party shall accord to investors of the other Contracting Party and to their investments treatment no less favourable than that it accords to its own investors and their investments or to investors of any third country and their investments with respect to the management, operation, maintenance, use, enjoyment, sale and liquidation of an investment, whichever is more favourable to the investor.
(4) No provision of this Agreement shall be construed as to oblige a Contracting Party to extend to the investors of the other Contracting Party and to their investments the present or future benefit of any treatment, preference or privilege resulting from
(a) any membership in a free trade area, customs union, common market, economic community or any multilateral agreement on investment;
(b) any international agreement, international arrangement or domestic legislation regarding taxation.
Treatment of Investments. 1. Each Contracting Party shall admit in its territory investments on a basis no less favourable than that accorded in like circumstances to investments of investors of any third State, within the framework of its laws and regulations.
2. Each Contracting Party shall accord to these investments, once established, treatment no less favourable than that accorded in like circumstances to investments of its investors or to investments of investors of any third State, whichever is the most favourable, as regards the management, maintenance, use, operation, enjoyment, extension, sale, liquidation or disposal of the investment.
3. The Contracting Parties shall within the framework of their national legislation give favorable consideration to applications for the entry and sojourn of nationals of either Contracting Party who wish to enter the territory of the other Contracting Party in connection with the making and carrying through of an investment.
(a) The provisions of this Article shall not be construed so as to oblige one Contracting Party to extend to the investors of the other Contracting Party the benefit of any treatment, preference or privilege which may be extended by the former Contracting Party by virtue of any international agreement or arrangement relating wholly or mainly to taxation.
(b) The non-discrimination, national treatment and most-favored nation treatment provisions of this Agreement shall not apply to all actual or future advantages accorded by either Contracting Party by virtue of its membership of, or association with a customs, economic or monetary union, a common market or a free trade area; to nationals or companies of its own, of Member States of such union, common market or free trade area, or of any other third State.
(c) Paragraphs (1) and (2) of this Article shall not apply in respect of dispute settlement provisions between an investor end the hosting Contracting Party laid down simultaneously by this Agreement and by another similar international agreement to which one of the Contracting Parties is signatory.
(d) The provisions of Articles 3 and 4 of this Agreement shall not oblige the host Contracting Party to accord investments of investors of the other Contracting Party the same treatment that it accords to investments of its own investors with regard to acquisition of land, real estates, and real sights thereof.
Treatment of Investments. (1) Neither Contracting Party shall in its territory subject investments or returns of investors of the other Contracting Party to treatment less favourable than that which it accords to investments or returns of its own investors or investors of any third State.
(2) Neither Contracting Party shall in its territory subject investors of the other Contracting Party, as regards their management, maintenance, use, enjoyment or disposal of their investments, to treatment less favourable than that which it accords to its own investors or investors of any third State.
Treatment of Investments. 1. Investments made by investors of one Contracting Party in the territory of the other Contracting Party, or returns related thereto, shall not be accorded treatment less favorable than the host Contracting Party accords to tire investments and returns made by its own investors or by investors of any third State, whichever is the most favorable to the investor.
2. Investors of one Contracting Party shall not be accorded by the other Contracting Party, as regards the management, maintenance, use, enjoyment or disposal of their investments, treatment less favorable than the latter Contracting Part}' accords its own investors or investors of any third State, whichever is the most favorable to the investor.
Treatment of Investments. 1. Each Contracting Party shall in its territory accord to investments and returns of investors of the other Contracting Party treatment which is fair and equitable and no less favourable than that which it accords to investments and returns of its own investors or to investments and returns of investors of any other State, whichever is more favourable to investors.
2. Each Contracting Party shall in its territory accord to investors of the other Contracting Party, as regards management, maintenance, use, enjoyment or disposal of their investments, treatment which is fair and equitable and no less favourable than that which it accords to its own investors or to investors of any other State, whichever is more favourable to investors.
3. The provisions of paragraphs 1 and 2 of this Article shall not be construed so as to oblige one Contracting Party to extend to investors of the other Contracting Party the benefit of any treatment, preference or privilege resulting from any international agreement or arrangement relating wholly or mainly to taxation or any domestic legislation relating wholly or mainly to taxation.
Treatment of Investments. (1) Neither Contracting Party shall subject in its territory returns of investments or investors of the other Contracting Party to treatment less favourable than that it accords to returns of investments or investors of any third State.
(2) Neither Contracting Party shall subject investors in its territory of the other States, as regards the management, use, enjoyment or disposal of their investments to treatment less favourable than that it accords to its own investors to investors or of any third State.
(3) For the avoidance of doubt it is confirmed that the treatment referred to in paragraphs (1) and (2) seaplicará above to the provisions of articles 1 to 10 of this Agreement.
Treatment of Investments. 3.1 No Party shall subject investments made by investors of the other Party to measures which constitute a violation of customary international law (1) through:
(i) Denial of justice in any judicial or administrative proceedings; or
(ii) fundamental breach of due process; or
(iii) targeted discrimination on manifestly unjustified grounds, such as gender, race or religious belief; or
(iv) manifestly abusive treatment, such as coercion, duress and harassment.
3.2 Each Party shall accord in its territory to investments of the other Party and to investors with respect to their investments full protection and security. For greater certainty, "full protection and security" only refers to a Party's obligations relating to physical security of investors which means ensuring foreign investors and their investments same level of physical security as provided to domestic investors and their investments and not to any other obligation whatsoever.
3.3 A determination that there has been a breach of another provision of this Treaty, or of a separate international agreement, does not establish that there has been a breach of this Article.
3.4 In considering an alleged breach of this article, a Tribunal shall take account of whether the investor or, as appropriate, the locally-established enterprise, pursued action for remedies before domestic courts or tribunals prior to initiating a claim under this Treaty.
(1) For greater certainty, it is clarified that "customary international law" only results from a general and consistent practice of States that they follow from a sense of legal obligation.
Treatment of Investments. 1. Each Contracting Party shall ensure fair and equitable treatment to investments made by investors of the other contracting party in its territory, and shall ensure that the exercise of the right under these terms are not hindered in practice.
2. Each Contracting Party shall accord to investments of investors of one Contracting Party in its territory treatment no less favourable than that accorded to investments made by its own investors to investors or of any third State, whichever is the more favourable treatment.
3. If a Contracting Party grants special advantages to investors of any third State by virtue of an agreement that establishes a free trade area, customs union, Economic Community, Common Market or any other form of regional economic organization to which the Party is a member, or under the provisions of an agreement relating wholly or partially to taxation, that Party shall not be obliged to accord such advantages to investors of the other contracting parties.
Treatment of Investments. 1. Each Contracting Party shall accord to investors of the other Contracting Party and to their investments, a treatment no less favourable than the treatment it accords to its own investors and their investments with respect to the acquisition, expansion, operation, management, maintenance, use, enjoyment and sale or other disposal of investments.
2. Each Contracting Party shall accord to investors of the other Contracting Party and to their investments, a treatment no less favourable than the treatment it accords to investors of the most favoured nation and to their investments with respect to the establishment, acquisition, expansion, operation, management, maintenance, use, enjoyment, and sale or other disposal of investments.
3. Each Contracting Party shall accord to investors of the other Contracting Party and to their investments the better of the treatments required by paragraph 1 and paragraph 2 of this Article, whichever is the more favourable to the investors or investments.
4. Neither Contracting Party shall in its territory impose mandatory measures on investments by investors of the other Contracting Party, concerning purchase of materials, means of production, operation, transport, marketing of its products or similar orders having unreasonable or discriminatory effects.
Treatment of Investments. (1) Each Contracting Party shall in its area accord to investments and returns of investors of the other Contracting Party treatment which is fair and equitable and no less favourable than that which it accords to investments and returns of its own investors or to investments and returns of investors of any other State.
(2) Each Contracting Party shall in its area accord to investors of the other Contracting Party, as regards management, maintenance, use, enjoyment or disposal of their investments, treatment which is fair and equitable and no less favourable than that which it accords to its own investors or to investors of any other State.
