Common use of Deputy Prime Minister Clause in Contracts

Deputy Prime Minister. During the course of negotiations of the Treaty between the United States of America and the Czech and Slovak Federal Republic ("CSFR") concerning the Reciprocal Encouragement and Protection of Investment (the "Treaty"), the delegations took note of the economic transformations in the CSFR. In view of these rapid changes, we discussed the desirability of ensuring that nationals and companies of the United States receive timely information on these changes and other assistance so that they may derive the full benefits of the Treaty with respect to their investments and associated activities. In this connection, the Government of the CSFR intends to accomplish this objective by designating an entity which would: - provide up to date information regarding current national and local business and investment regulations, including authorization and registration procedures, taxation, labor regulation, accounting standards and access to credit; - provide up to date and readily available information regarding proposed changes in the laws and regulations concerning investors; - coordinate with CSFR government agencies on the national, regional and local levels to facilitate investment; - assist investors who experience difficulties with registration, authorization, access to public services, regulatory and other matters which concern establishment and operation of investments; and - collect and disseminate information regarding investment projects and sources of their financing. I have the honor to confirm that this understanding shall be treated as an integral part of this Treaty.