Common use of Denial of Benefits Clause in Contracts

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments if the enterprise is owned or controlled by an investor of a non-Contracting Party and the denying Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise a company of the such other Contracting Party and to its investments of such investor if the enterprise company has no substantial business activities in the territory of the Contracting Party under whose law it is owned constituted or controlled by an investor organized, and investors of a non-non- Contracting Party and or investors of the denying Contracting Party:, own or control the company.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments investments, if the enterprise is owned or controlled by an investor investors of a nonNon-Contracting Party own or control the first mentioned investor and that investor has no substantial business activity in the denying territory of the Contracting Party under whose law it is constituted or organised. CHAPTER TWO: DISPUTE SETTLEMENT PART ONE: Settlement of Disputes between an Investor and a Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments investments, if the enterprise is owned or controlled by an investor investors of a nonNon-Contracting Party own or control the first mentioned investor and that investor has no substantial business activity in the denying territory of the Contracting Party under whose law it is constituted or organized. Chapter Two : Dispute Settlement Part One : Settlement of Disputes between an Investor and a Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments investments, if the enterprise is owned or controlled by an investor investors of a nonNon-Contracting Party own or control the first mentioned investor and that investor has no substantial business activity in the denying territory of the Contracting Party under whose law it is constituted or organized. CHAPTER TWO: DISPUTE SETTLEMENT PART ONE: Settlement of Disputes between an Investor and a Contracting Party:

Denial of Benefits. 1. A The Contracting Party Parties may decide jointly in consultation to deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments investments, if the a natural person or enterprise is owned or controlled by an investor of a non-Contracting Party and the denying Contracting Party:owns or controls such enterprise.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments investments, if the enterprise is owned or controlled by an investor investors of a nonNon-Contracting Party own or control the first mentioned investor and that investor has no substantial business activity in the denying territory of the Contracting Party:Party under whose law it is constituted or organised.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement Agreement, including the right to commence or to continue dispute settlement proceedings, to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its the investments if of that investor, if: the enterprise investor is owned or controlled by an investor persons having the nationality of a non-State that is not a Contracting Party and or of the denying Party; or the investor conducts no substantial business activities in the State territory of the other Contracting Party:.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the that other Contracting Party and to its investments if the enterprise is owned or controlled by an investor of a non-Contracting Party and the denying Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise a company of the such other Contracting Party and to its investments of such investor if the enterprise company has no effective business activities in the territory of the Contracting Party under whose law it is owned constituted or controlled by an investor organized and investors of a non-non- Contracting Party and Party, or investors of the denying Contracting Party:, own or control the company.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the such other Contracting Party and to its investments of that investor if persons of a non- Contracting Party own or control the enterprise is owned or controlled by an investor of a non-Contracting Party and the denying Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments if the enterprise is owned or controlled by a natural person or an investor enterprise of a non-Contracting Party and the denying Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other another Contracting Party that is an enterprise of the other latter Contracting Party and to its investments if the enterprise is owned or controlled by an investor of a non-Contracting Party and the denying Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments if where the enterprise is owned or controlled by an investor of a non-former Contracting Party and the denying Contracting Partyestablishes that:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise a juridical person of the other Contracting Party and to its investments if the enterprise juridical person is owned or controlled by an investor of a non-Contracting Party and the denying Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise a juridical person of the such other Contracting Party and to its investments of such investor if the enterprise is owned or controlled by an investor persons of a non-Contracting Party own or control the juridical person and the denying Contracting Party:Party adopts or maintains measures with respect to the non-Party or a person of the non-Contracting Party that prohibit transactions with the juridical person or that would be violated or circumvented if the benefits of this Agreement were accorded to the juridical person or its investments.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement Agreement, including the right to commence or to continue dispute settlement proceedings, to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its the investments if the enterprise is owned or controlled by an investor of a non-Contracting Party and the denying Contracting Partythat investor, if:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments of that investor if the enterprise is owned or controlled by an investor investors of a non-Contracting Party third State own or control the investor and the denying Contracting Party:Party adopts or maintains measures with respect to the third State that are related to maintenance of international peace and security and prohibit transactions with the investor or would be violated or circumvented if the benefits of this Agreement were accorded to the investor or to its investments.

Denial of Benefits. (1. ) A Contracting Party may at any time deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments if the enterprise is owned or controlled by an of that investor of a non-Contracting Party and the denying Contracting Partyif:

Denial of Benefits. (1. ) A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments of that investor if the enterprise is owned or controlled by an investor persons of a non-Contracting Party own or control such investor and the denying Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments investments, if the enterprise is owned or controlled by an investor investors of a nonNon-Contracting Party own or control the first mentioned investor and that investor has no substantial business activity in the denying territory of the Contracting Party:Party under whose law it is constituted or organised. CHAPTER TWO: DISPUTE SETTLEMENT PART ONE: Settlement of Disputes between an Investor and a Contracting Party ARTICLE 11

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments his investments, if the enterprise is owned or controlled by an investor investors of a nonNon-Contracting Party own or control the first mentioned investor and that investor has no substantial business activity in the denying territory of the Contracting Party under whose law it is constituted or organised. CHAPTER TWO: DISPUTE SETTLEMENT PART ONE: Settlement of Disputes between an Investor and a Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments of that investor if the enterprise is owned or controlled by an investor persons of a non-Contracting Party own or control such investor and the denying Contracting Party:

Denial of Benefits. 1. A Subject to prior notification and consultation, a Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of such party and to investments of such an investor where the other Contracting Party and to its investments if establishes that the enterprise is owned or controlled by an investor persons of a non-Contracting Party and Party, or of the denying Contracting Party:, and has no substantive business operations in the territory of the other Contracting Party.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments investments, if the enterprise is owned or controlled by an investor investors of a nonNon-Contracting Party own or control the first mentioned investor and that investor has no substantial business activity in the denying territory of the Contracting Party under whose law it is constituted or organized. Chapter CHAPTER TWO: DISPUTE SETTLEMENT Part 1. Settlement of Disputes between an Investor and a Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise a juridical person of the such other Contracting Party and to its investments of such investor if the enterprise is owned or controlled by an investor persons of a non-Contracting Party own or control the juridical person and the denying Contracting Party:Party adopts or maintains measures with respect to the non-Contracting Party or a person of the non-Contracting Party that prohibit transactions with the juridical person or that would be violated or circumvented if the benefits of this Agreement were accorded to the juridical person or its investments.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the such other Contracting Party and to its investments of that investor if the enterprise is owned or controlled by an investor persons of a non- Contracting Party, directly or indirectly, own or control the enterprise, and the denying Contracting Party adopts or maintains measures with respect to the non-Contracting Party and or a person of the denying non-Contracting Party:Party that prohibit transactions with the enterprise or that would be violated or circumvented if the benefits of this Agreement were accorded to the enterprise or its investments.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments if the enterprise is owned or controlled by an investor of a non-Contracting Party third party and the denying Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments investments, if the enterprise is owned or controlled by an investor investors of a nonNon-Contracting Party own or control the first mentioned investor and that investor has no substantial busi- ness activity in the denying territory of the Contracting Party under whose law it is constituted or organised. CHAPTER TWO: DISPUTE SETTLEMENT PART ONE: Settlement of Disputes between an Investor and a Contracting Party:

Denial of Benefits. (1. ) A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments of that investor, if the enterprise is owned or controlled by an investor persons of a non-Contracting Party own or control such investor and the denying Contracting Party:

Denial of Benefits. 1. A Either Contracting Party may deny the refuse to provide benefits of availed under this Agreement to an the investor of the other Contracting Party that Party, who is an enterprise the company of the other Contracting Party Party, and to its investments made by this investor, if the enterprise company is owned or controlled by an investor persons of a non-Contracting Party, as well as when the refusing Contracting Party and the denying has no diplomatic relations with this non-Contracting Party:.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments investments, if the enterprise is owned or controlled by an investor investors of a nonNon-Contracting Party own or control the first mentioned investor and that investor has no substantial business activity in the denying territory of the Contracting Party:Party under whose law it is constituted or organized. CHAPTER TWO: DISPUTE SETTLEMENT PART ONE: Settlement of Disputes between an Investor and a Contracting Party Article 11

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise accompany of the such other Contracting Party and to its investments of such investor if the enterprise company has no substantial business activities in the territory of the Contracting Party under whose law it is owned constituted or controlled by an investor organized, and investors of a non-non - Contracting Party and Party, or investors of the denying Contracting Party:, own or control the company.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise a company of the such other Contracting Party and to its investments of such investor if the enterprise company has no substantial business activities in the territory of the Contracting Party under whose law it is owned constituted or controlled by an investor organized, and investors of a non-Contracting nonContracting Party and or investors of the denying Contracting Party:, own or control the company.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments investments, if the enterprise is owned or controlled by an investor investors of a nonNon-Contracting Party own or control the first mentioned investor and that investor has no substantial business activity in the denying territory of the Contracting Party:Party under whose law it is constituted or organized. CHAPTER TWO: DISPUTE SETTLEMENT PART ONE: Settlement of Disputes between an Investor and a Contracting Party ARTICLE 11

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party and to its investments, if investors of a NonContracting Party own or control the first mentioned investor and that is an enterprise investor has no substantial business activity in the territory of the other Contracting Party and to its investments if the enterprise under whose law it is owned constituted or controlled by an investor of a non-Contracting Party and the denying Contracting Party:organised.

Denial of Benefits. (1. ) A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments of that investor if the enterprise is owned or controlled by an investor persons of a non-Contracting Party party own or control such investor and the denying Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party a national or a company and to its their investments if the enterprise is owned nationals or controlled by an investor companies of a non-Contracting Party and third party substantially owns or controls the investment or the denying Contracting Party:Party adopts or maintains measures with respect to the third party that prohibit or restrict transactions with nationals or companies of this third party.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise a juridical person of the such other Contracting Party and to its investments of such investor if the enterprise is owned or controlled by an investor persons of a non-Contracting Party own or control the juridical person and the denying Contracting Party:Party adopts or maintains measures with respect to the non-Contracting Party or a person of the non-Contracting Party that prohibit transactions with the juridical person or that would be violated or circumvented if the benefts of this Agreement were accorded to the juridical person or its investments.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise a legal person of the such other Contracting Party and to its investments of that investor if the enterprise is owned or controlled by an investor persons of a non-Contracting Party own or control the legal person and the denying Contracting party does not maintain diplomatic relations with the non-Contracting Party:.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise a legal person of the such other Contracting Party and to its investments of that investor if the enterprise is owned or controlled by an investor citizens of a non-Contracting Party own or control the enterprise and the denying Contracting Party does not maintain diplomatic relations with the non-Party:.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments investments. if the enterprise is owned or controlled by an investor investors of a nonNon-Contracting Party own or control the first mentioned investor and that investor has no substantial business activity in the denying territory of the Contracting Party under whose law it is constituted or organized. CHAPTER TWO: DISPUTE SETTLEMENT PART ONE: Settlement of Disputes between an Investor and a Contracting Party:

Denial of Benefits. 1. A Contracting Party may may, at any time including after the institution of arbitration proceedings in accordance with Part C, deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the that other Contracting Party and to its covered investments if the enterprise is owned or controlled by an investor of a non-Contracting Party and the denying Contracting Partythat investor:

Denial of Benefits.  1. A Contracting Party may may, at any time including after the institution of arbitration proceedings in accordance with Part C, deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the that other Contracting Party and to its covered investments if the enterprise is owned or controlled by an investor of a non-Contracting Party and the denying Contracting Partythat investor:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise a legal entity of the such other Contracting Party and to its investments of such investor if that legal entity has no substantial business activities in the enterprise territory of the Contracting Party under whose legislation it is owned constituted or controlled by an investor organized, and natural persons or legal entities of a non-Contracting Party and or that of the denying Contracting Party:Party own or control this legal entity.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise a company of the that other Contracting Party and to its the investments of the said investor, if the enterprise company does not have substantial commercial activities in the territory of the Contracting Party under whose law is owned constituted or controlled by an investor organized, and the investors of a non-Contracting Party and or investors who own or control a company of the denying Contracting Party:Party that denies.

Denial of Benefits. 1. , A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise a company of the such other Contracting Party and to its investments of such investor if the enterprise company has no effective business activities in the territory of the Contracting Party under whose law it is owned constituted or controlled by an investor organized, and investors of a non-non- Contracting Party and or investors of the denying Contracting Party:, own or control the company.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the that other Contracting Party Party, and to its investments of that investor, if the enterprise is owned or controlled by an investor persons of a non-Contracting Party Party, directly or indirectly, own or control the enterprise, and the denying Contracting Party:Party adopts or maintains measures with respect to the non-Contracting Party or a person of the non-Contracting Party that prohibit transactions with the enterprise or that would be violated or circumvented if the benefits of this Agreement were accorded to the enterprise or its investments.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the that other Contracting Party and to its investments of that investor if the enterprise is owned or controlled by an investor of a non-Contracting Party and the denying Contracting Partyenterprise:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Contrasting Party which is a company of that is an enterprise of the other Contracting Party and to its investments of that investor, if the enterprise is owned company does not have substantial economic activities on the territory of the Contracting Party by virtue of the legislation under which it was incorporated or controlled by an investor organized, and if the investors of a non-Contracting Party and or investors of the denying opposing Contracting Party:Party own or control the company.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise a company of the such other Contracting Party and to its investments of such investor if the enterprise company has no substantial business activities in the territory of the Contracting Party under whose law it is owned constituted or controlled by an investor organized, and investors of a non-non- Contracting Party and or investors of the denying Contracting Party:, own or control the company,

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement Agreement, including the right to commence or to continue dispute settlement proceedings, to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its the investments if the enterprise of that investor, if: - The investor is owned or controlled by an investor persons having the nationality of a non-State that is not a Contracting Party and or of the denying Party; - Or the investor conducts no substantial business activities in the state territory of the other Contracting Party:.

Denial of Benefits. 1. A Contracting Party may deny the benefits of provided under this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments if the enterprise is owned or controlled by an investor of a nonthird-Contracting Party party state owns or controls the first mentioned investor and if this investor does not carry out any business in the denying territory of the state of the Contracting Party:, According to the national legislation of which the investor's enterprise was established or organized.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise a juridical person of the such other Contracting Party and to its investments of such investor if the enterprise is owned or controlled by an investor persons of a non-Contracting Party own or control the juridical person and the denying Contracting Party:Party adopts or maintains measures with respect to the non-Contracting Party or a person of the non-Contracting Party that prohibit transactions with the juridical person or that would be violated or circumvented if the benefits of this Agreement were accorded to the juridical person or its investments.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the such other Contracting Party and to its investments of that investor if the enterprise is owned or controlled by an investor persons of a non-Contracting Party own or control the enterprise and the denying Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments of that investor if the enterprise is owned or controlled by an investor persons of a non-Contracting Party own or control such investor and the denying the.denying Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments investments, if the enterprise is owned or controlled by an investor investors of a nonNon-Contracting Party own or control the first mentioned investor and that investor has no substantial business activity in the denying territory of the Contracting Party:Party under whose law it is constituted or organized.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the ofthe other Contracting Party that is an enterprise a company of the such other Contracting Party and to its investments if of such investor ifthe company has no substantial business activities in the enterprise is owned or controlled by an investor territory of a non-the such other Contracting Party under whose law it is constituted or organized, and the investors ofthe denying Contracting Party:, own or control the company.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise a company of the such other Contracting Party and to its investments of such investor if the enterprise company has no substantial business activities in the territory of the State of the Contracting Party under whose law it is owned constituted or controlled by an investor organized and investors of a non-Contracting Party and Party, or investors of the denying Contracting Party:, own or control the company.

Denial of Benefits. 1. A Contracting Party may deny refuse to grant the benefits of provided for in this Agreement to an investor of the other Contracting Party who is a legal entity of that is an enterprise of the other Contracting Party and to its for investments of that investor, if the enterprise is owned or controlled managed by an investor persons of a non-Contracting Party and if the denying Contracting Party:Party refusing the benefits does not have diplomatic relations with that with a non-contracting party.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the State of the other Contracting Party that is an enterprise a company of the State of such other Contracting Party and to its investments of such investor if the enterprise company has no substantial business activities in the territory of the State of the Contracting Party under whose law it is owned constituted or controlled by an investor organized and investors of a non-Contracting Party and Party, or investors of the denying Contracting Party:, own or control the company.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments investments. if the enterprise is owned or controlled by an investor investors of a nonNon-Contracting Party own or control the first mentioned investor and that investor has no substantial business activity in the denying territory of the Contracting Party under whose law it is constituted or organized. Chapter Two : Dispute Settlement Part One : Settlement of Disputes between an Investor and a Contracting Party:

Denial of Benefits. (1. ) A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments of that investor, if the enterprise is owned or controlled by an investor persons of a non-Contracting Party own or control such investor and the denying Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other that Contracting Party and to its the investments of that investor if the enterprise has no substantial commercial activities in the territory of the Contracting Party according to which The law is owned constituted or controlled by an investor organized, and the investors of a non-Contracting Party and or the denying investors of the Contracting Party:Party that denies are owners or control the company.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement Chapter to an investor of the other Contracting Party that is an enterprise of the other that Contracting Party and to its investments of that investor if the enterprise is owned or controlled by an investor investors of a non-Contracting Party and or of the denying Contracting PartyParty own or control the enterprise and:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party which is a company of that is an enterprise other Contracting Party and to the investments of that investor if the company does not carry on any substantial business activity in the territory of the other Contracting Party under the law under which it is legally incorporated or organized, and to its investments if the enterprise is owned or controlled by an investor investors of a non-Contracting Party and or investors of the denying Contracting Party:Party denying, owning or controlling the company.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments his investments, if the enterprise is owned or controlled by an investor investors of a nonNon-Contracting Party own or control the first mentioned investor and that investor has no substantial business activity in the denying territory of the Contracting Party under whose law it is constituted or organised. Chapter Two : Dispute Settlement Part One : Settlement of Disputes between an Investor and a Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement Agreement, including the right to commence or to continue dispute settlement proceedings, to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its the investments if the enterprise of that investor, if: The investor is owned or controlled by an investor persons having the nationality of a non-State that is not a Contracting Party and or of the denying Party; or the investor conducts no substantial business activities in the State territory of the other Contracting Party:.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the such other Contracting Party and to its investments investments, if the operations of such enterprise is owned or controlled by an investor does not possess real and continuous link with the economy of a non-Contracting Party and the denying other Contracting Party:.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments investments, if the enterprise is owned or controlled by an investor investors of a nonNon-Contracting Party own or control the first mentioned investor and that investor has no substantial business activity in the denying territory of the Contracting Party under whose law it is constituted or organised. Chapter Two : Dispute Settlement Part One : Settlement of Disputes betweenan Investor and a Contracting Party:

Denial of Benefits. (1. ) A Contracting Party may may, at any time, deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the that other Contracting Party and to its investments if the enterprise is owned or controlled by an of that investor of a non-Contracting Party and the denying Contracting Partyif:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the that other Contracting Party and to its investments of such investor if the enterprise is owned or controlled by an investor of a non-Contracting Party and the denying Contracting Partyenterprise:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise a company of the such other Contracting Party and to its investments of such investor if the enterprise company has no substantial business activities in the territory of the Contracting Party under whose law it is owned constituted or controlled by an investor organized and investors of a non-non- Contracting Party and Party, or investors of the denying Contracting Party:, own or control the company.

Denial of Benefits. 1. A Contracting Party may deny den y the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments if the enterprise is owned or controlled by an investor of a non-Contracting Party and the denying Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party a legal person and to its investments if the enterprise is owned or controlled by an investor of a non-Contracting Party and the denying Contracting Partythat investor, if:

Denial of Benefits. 1. A Each Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise investor, defined in Article 3, of the other Contracting Party and to its investments of that investor if the enterprise is owned or controlled by an investor investors of a non-third country or of the Contracting Party and the denying Contracting Partyto which benefit is denied own or control that investment and:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments investments, if the enterprise is owned or controlled by an investor investors of a nonNon-Contracting Party own or control the first mentioned investor and that investor has no substantial business activity in the denying territory of the Contracting Party under whose law it is constituted or organised. Chapter Two : Dispute Settlement Part One : Settlement of Disputes between an Investor and a Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an a n investor of the other another Contracting Party that is an enterprise of the other latter Contracting Party and to its investments if the enterprise is owned or controlled by an investor of a non-Contracting Party and the denying Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its investments investments, if the enterprise is owned or controlled by an investor investors of a nonNon-Contracting Party own or control the first mentioned investor and that investor has no substantial business activity in the denying territory of the Contracting Party under whose law it is constituted ororganized. CHAPTER TWO: DISPUTE SETTLEMENT PART ONE: Settlement of Disputes between an Investor and a Contracting Party:

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party and to its investments, if investors of a Non- Contracting Party own or control the first mentioned investor and that is an enterprise investor has no substantial business activity in the territory of the other Contracting Party and to its investments if the enterprise under whose law it is owned constituted or controlled by an investor of a non-Contracting Party and the denying Contracting Party:organised.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement Agreement, including the right to commence or to continue dispute settlement proceedings, to an investor of the other Contracting Party that is an enterprise of the other Contracting Party and to its the investments if of that investor, if: the enterprise investor is owned or controlled by an investor persons having the nationality of a non-State that is not a Contracting Party and or of the denying Party; or the investor conducts no substantial business activities in the State territory of the other Contracting Party:.

Denial of Benefits. 1. A Each Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise investor, defined in Article 1, of the other Contracting Party and to its investments of that investor if the enterprise is owned or controlled by an investor investors of a non-third country or of the Contracting Party and to which benefit is denied own or control that investment and: the denying Contracting Party does not maintain diplomatic relations with that country; the denying Contracting Party adopts or maintains measures that prohibit transactions with that investor; or the investor has no substantial business activities in the territory of the other Contracting Party:.

Denial of Benefits. 1. A Contracting Party may deny the benefits of this Agreement to an investor of the other Contracting Party that is an enterprise a juridical person of the such other Contracting Party and to its juridical investments if the enterprise person has no substantial business activities in the territory of the other contracting party and is owned or controlled by an investor natural persons or juridical persons of a non-Contracting Party and third country or the denying Contracting Party:contracting party denies benefits.