- 1
- Each Contracting Party shall guarantee that payments relating to an investment of a national of one Contracting Party in the territory of the other Contracting Party may be transferred into and out of that territory. The transfers shall be made in a freely convertible currency, without restriction or delay. Such transfers include in particular though not exclusively:
-
- a)profits, interests, dividends and other current income;
- b)funds necessary
- (i)for the acquisition of raw or auxiliary materials, semi-fabricated or finished products, or
- (ii)to replace capital assets in order to safeguard the continuity of an investment;
- c)additional funds necessary for the development of an investment;
- d)funds in repayment of loans;
- e)royalties or fees;
- f)earnings of natural persons;
- g)the proceeds of sale or liquidation of the investment;
- h)payments arising under the Articles 6 and 7.
- 2
- Notwithstanding paragraph 1 of this Article, a Contracting Party may delay the transfer through the equitable, non-discriminatory and good faith application of measures,
-
- a)to protect the rights of creditors, or
- b)relating to or ensuring compliance with laws and regulations
- (i)on the issuing, trading and dealing in securities, futures and derivatives,
- (ii)concerning reports or records of transfers,
- (iii)in connection with criminal offences and orders of judgements in administrative and adjudicatory proceedings.
- a)it may be used for a limited period only, and only to the extent necessary; and
- b)it shall be exercised on a non-discriminatory basis; and
- c)at the request of either Contracting Party prompt and adequate consultations shall be conducted on the measures taken.
