1. Each Contracting Party shall ensure that all transfers relating to investments in its Area of an investor of the other Contracting Party may be freely made into and out of its Area without delay. Such transfers shall include, in particular, though not exclusively:
a)
the initial capital and additional amounts to maintain or increase investments;
b)
profits, interest, capital gains, dividends, royalties, fees or other current incomes accruing from investments;
c)
payments made under a contract including loan payments in connection with investments;
d)
proceeds of the total or partial sale or liquidation of investments;
e)
earnings and remuneration of personnel from abroad who work in connection with investments in the Area of the former Contracting Party;
f)
payments made in accordance with ; and
g)
payments arising out of a dispute.
2. Each Contracting Party shall further ensure that such transfers may be made without delay in freely usable currencies at the market exchange rate prevailing on the date of the transfer.
3. Notwithstanding , a Contracting Party may delay or prevent a transfer through the equitable, non-discriminatory and good-faith application of its laws and regulations relating to:
a)
payment of taxes;
b)
bankruptcy, insolvency or the protection of the rights of creditors;
c)
issuing, trading or dealing in securities, futures, options or derivatives;
d)
criminal or penal offences;
e)
reporting or record keeping of transfers of currency or other monetary instruments when necessary to assist law enforcement or financial regulatory authorities; or
f)
ensuring compliance with orders or judgements in adjudicatory proceedings.