Common use of Morocco Clause in Contracts

Morocco. The BIPAs incorporate national treatment, for foreign investment and MEN treatment for foreign investments and investors, free repatriation/transfer of returns on investment, recourse to domestic dispute resolution and international arbitration for investor — State and State-State disputes, nationalization! expropriation against compensation only in public interest on a non discriminatory basis. The third compendium of the BIPAs signed and entered into force are being published with the objective of providing comfort and confidence to the prospective investors of those countries, an agreed basis for resolution of any conflict of interest, as well as prescribing the broad parameters which shall guide their investment on a reciprocal basis. The Government of the Republic of India and the Government of Malaysia, hereinafter referred to as the “Contracting Parties;” Desiring to expand and strengthen economic and industrial cooperation on a long term basis, and in particular, to create favourable conditions for investments by investors of one Contracting Party in the territory of the other Contracting Party; Recognising the need to protect investments by investors of both Contracting Parties and to stimulate the flow of investments and individual business initiative with a view to promoting the economic prosperity of both Contracting Parties; Have agreed as follows: