MFN Clause definition
Examples of MFN Clause in a sentence
The Most Favoured Nation (MFN) Clause: • The Agreement includes a non-discrimination clause which is intentionally asymmetric, in that the EU will grant to African, Caribbean and Pacific (ACP) partners any more favourable treatment arising from subsequent agreements the EU concludes with any third parties, while the ACP partners will only have to extend to the EU any more favourable treatment to a major trading country with whom they enter into a free-trade agreement after signature of the EPA.
The Purchaser shall have the right to audit the Company’s compliance with the Most Favored Nations (MFN) Clause.
However, as stated above the MFN Clause in Art II GATS can be chal- lenged by the impact of Art XIV GATS, i.e. a MFN Clause seems only appli- cable if it is explicitly laid down in a bilateral tax treaty.
The Tribunal found that the investor could not rely on the MFN Clause in the Bulgaria-Cyprus BIT to take a dispute to ICSID arbitration, where the Bulgaria-Cyprus BIT reserved for the parties a specific and much more limited dispute resolution mechanism.
The Argentine Republic50 (“Siemens”) the MFN Clause in Germany-Argentina BIT allowed investor to bypass local courts requirement and 18- month waiting period invoking Chile-Argentina BIT which did not contain such local courts requirement or waiting period.
Upon the request of the Bank, the City shall promptly enter into an amendment to this Agreement to include the Incorporated Portion, provided that the Bank shall have the benefit of such Incorporated Portion of such MFN Clause even if the City fails to provide such amendment.
Wordings like »products« and »like products« in the Most – Favoured - Nation (MFN) Clause have not been defined separately in Denmark.
Upon the request of the Bank, the City shall promptly enter into an amendment to this Agreement to include the Incorporated Portion provided that the Bank shall have the benefit of such Incorporated Portion of such MFN Clause even if the City fails to provide such amendment).