Common use of Treatment of Investors and Investments Clause in Contracts

Treatment of Investors and Investments. 1. Each Contracting Party shall within its territory accord to the investors of the other Contracting Party in respect of the expansion, management, operation, maintenance, use, possession and disposal of their investments treatment no less favorable than that accorded to its own investors or investors of any third state, whichever is more favorable for these investors. 2. Each Contracting Party shall accord to investments made in its territory by investors of the other Contracting Party treatment no less favorable than that accorded to investments made by its own investors investing in such activities or investors of any third country whichever is more favorable. 3. The provisions of parragraphs 1 and 2 of this Article shall be construed so as to oblige one Contracting Party to provide investors and their investments of the other Contracting Party the present or future benefit of any advantage or privilege which may be extended by the former Contracting Party to investors and their investments to a third country under: a) participation in or association with any existing or future customs unions, free trade areas, economic communities, multilateral investment agreements or similar international institutions and other international agreements leading to such unions and other forms of economic cooperation; or b) any multilateral or bilateral agreement or arrangement relating wholly or mainly to taxation. 4. Each Contracting Party reserves the right to make or maintain in accordance with its legislation exceptions to the national treatment regime provided under paragraph 1 and 2 of this Article. Any new exception, however, applies only to investments made after the entry into force of this exception. 5. If the provisions of domestic law of any Contracting Party or obligations under existing or future international agreements applicable between the Contracting Parties or other international treaties to which they are parties, contain regulations, whether general or specific providing investments by investors of the other Contracting party treatment more favorable than that provided in this agreement, such provisions shall prevail over the present agreement to the extent that they are more favorable.

Treatment of Investors and Investments. 1. Each Contracting Party shall within its territory accord to the investors of the other Contracting Party in respect of the expansion, management, operation, maintenance, use, possession and disposal of their investments treatment no less favorable than that accorded to its own investors or investors of any third state, whichever depending on what is more favorable for these investors. 2. Each Contracting Party shall accord to investments made in its territory by investors of the other Contracting Party treatment no less favorable than that accorded to investments made by its own investors investing in such activities or investors of any third country whichever state, depending on what is more favorable. 3. The provisions of parragraphs par. 1 and 2 of this Article shall be construed so as to oblige one Contracting Party to provide investors and their investments of the other Contracting Party the present or future benefit of any advantage or privilege which may be extended by the former Contracting Party to investors and their investments to a third country under: a) participation in in, or association with any existing or future customs unionsunion, free trade areasarea, economic communitiescommunity, multilateral agreement on investment agreements or a similar international institutions and institution, as well as other international agreements leading to such unions and other forms of economic cooperation; or; b) any multilateral or bilateral agreement or arrangement relating wholly or mainly to taxation. 4. Each Contracting Party reserves the right to make or maintain in accordance with its legislation exceptions to the national treatment regime regimen provided under paragraph par. 1 and 2 of this Article. Any new exception, however, applies only to investments made after the entry into force of this exception. 5. If the provisions of domestic law of any Contracting Party or obligations under existing or future international agreements applicable between the Contracting Parties or other international treaties to which they are parties, contain regulations, whether general or specific providing investments by investors of the other Contracting party treatment more favorable than that provided in this agreement, such provisions shall prevail over the present agreement to the extent that they are more favorable.