Common use of Promotion and Protection of Investment Clause in Contracts

Promotion and Protection of Investment. Each Contracting Party shall, in its territory, encourage and create favorable conditions for investments by investors of the other Contracting Party and, subject to its right to exercise the powers conferred by its laws, shall admit such investments. Investments made by investors of each Contracting Party shall be accorded fair and equitable treatment and shall enjoy full protection and security in the territory of the other Contracting Party. Neither Contracting Party shall in any way impair by unreasonable or discriminatory measures the management, maintenance, use, enjoyment or disposal of investments in its territory of investors of the other Contracting Party. Each Contracting Party shall, subject to and in accordance with its laws and regulations and the procedures and practice thereunder, consider favorably questions concerning entry, stay, work and movement in its territory of nationals of the other Contracting Party who carry out activities connected with the investments as defined in this Agreement and of the members of their families forming part of their household.

Appears in 5 contracts

Samples: Agreement, Agreement, Agreement

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