Common use of Public Debt Clause in Contracts

Public Debt. 1. No claim that a restructuring of debt of a Party breaches an obligation of Chapter Two (Investment Protection) may be submitted to, or if already submitted, be pursued under Chapter Three (Dispute Settlement) Section A (Resolution of Disputes between Investors and Parties) if the restructuring is a negotiated restructuring at the time of submission, or becomes a negotiated restructuring after such submission, except for a claim that the restructuring violates Article 2.3 (National Treatment) (1).

Public Debt. 1. No claim that a restructuring of debt of a Party breaches an obligation of Chapter Two under Section B (Investment Protection) may be submitted to, or if already submitted, be pursued under Chapter Three (Dispute Settlement) Section A C (Resolution of Investment Disputes between Investors and PartiesInvestment Court System) if the restructuring is a negotiated restructuring at the time of submission, or becomes a negotiated restructuring after such submission, except for a claim that the restructuring violates Article 2.3 (National Treatment) (1).

Public Debt. 1. No claim that a restructuring of debt of a Contracting Party breaches an obligation of Chapter Two under Part III (Investment Protection) may be submitted to, or if already submitted, be pursued under Chapter Three (Dispute Settlement) Section A (Resolution of Disputes between Investors and PartiesArticle 26(4) if the restructuring is a negotiated restructuring at the time of submission, or becomes a negotiated restructuring after such submission, except for a claim that the restructuring violates Article 2.3 (National Treatment10(7) (1).

Public Debt. 1. No claim that a restructuring of debt of a Party breaches an obligation of Chapter Two (Investment Protection) may be submitted to, or if already submitted, be pursued under Chapter Three (Dispute Settlement) Section A (Resolution of Disputes between Investors and Parties) if the restructuring is a negotiated restructuring at the time of submission, or becomes a negotiated restructuring after such submission, except for a claim that the restructuring violates Article 2.3 (National Treatment) (1)Treatment)1.

Public Debt. 1. No claim that a restructuring of debt of a Party breaches an obligation of under Chapter Two 2 (Investment Protection) may be submitted toor, or if already submitted, be pursued under Chapter Three (Dispute Settlement) Section A B (Resolution of Disputes between Investors and Parties) of Chapter 3 (Disputes Settlement) if the restructuring is a negotiated restructuring at the time of submission, submission or becomes a negotiated restructuring after such submission, except for a claim that the restructuring violates breaches Article 2.3 (National Treatment) or 2.4 (1Most-Favoured-Nation Treatment).