Common use of Repatriation of Investment and Returns Clause in Contracts

Repatriation of Investment and Returns. Each Contracting Party shall guarantee to nationals of the other Contracting Party the transfer of their investments and returns, subject to the right of each Contracting Party in exceptional financial or economic circumstances including exceptional balance of payment difficulties and for a limited period to exercise equitably and in good xxxxx xxxxxx conferred by its laws. Such powers shall not however be used to impede the transfer of returns: as regards the proceeds of the sale or the liquidation of the investment, each Contracting Party shall guarantee the transfer of a minimum of 20 per cent a year. Transfers shall be effected promptly in convertible currency at the rate of exchange applicable on the date of transfer, pursuant to the exchange regulations in force.

Repatriation of Investment and Returns. Each Contracting Party shall in respect of investments guarantee to nationals or companies of the other Contracting Party the unrestricted transfer of their investments and returns, subject to the right of each Contracting Party in exceptional financial or economic circumstances including exceptional balance of payment difficulties and for a limited period to exercise equitably and in good xxxxx xxxxxx conferred by its laws. Such powers shall not however be used to impede the transfer of returns: as regards the proceeds of the sale or the liquidation of the investment, each Contracting Party shall guarantee the transfer of a minimum of 20 per cent a year. Transfers shall be effected promptly without delay in the convertible currency in which the capital was originally invested or in any other convertible currency agreed by the investor and the Contracting Party concerned. It is accepted that different rates of exchange may be applied in respect of the transfer of investments and the transfer of returns and in the transfer of different types of returns. Unless otherwise agreed by the investor transfers shall be made at the rate of exchange applicable on the date of transfer, transfer pursuant to the exchange regulations in force.