Zakon o potvrđivanju Sporazuma između Republike Srbije i Japana o podsticanju i zaštiti ulaganja

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Član Article 17 Zakon o potvrđivanju Sporazuma između Republike Srbije i Japana o podsticanju i zaštiti ulaganja – Temporary Safeguard Measures

Article17

Temporary Safeguard Measures

1. A Contracting Party may adopt or maintain restrictive measures with regard to cross-border capital transactions as well as payments or transfers including transfers referred to in
Article 15
 for transactions related to investments:
a)
in the event of serious balance-of-payments and external financial difficulties or threat thereof; or
b)
in exceptional cases where movements of capital cause or threaten to cause serious difficulties for macroeconomic management, in particular monetary and exchange rate policies.
2. Restrictive measures referred to in
paragraph 1
 shall:
a)
be applied in such a manner that the other Contracting Party is treated no less favourably than any non-Contracting Party;
b)
be consistent with the Articles of Agreement of the International Monetary Fund;
c)
not exceed those necessary to deal with the circumstances set out in
paragraph 1
;
d)
be temporary and be phased out progressively as the situation specified in
paragraph 1
 improves;
e)
be promptly notified to the other Contracting Party; and
f)
avoid unnecessary damages to the commercial, economic and financial interests of the other Contracting Party.
3. The Contracting Party which has adopted any measures under
paragraph 1
 shall, upon request, commence consultations with the other Contracting Party in order to review the restrictions adopted by the former Contracting Party.

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Article 16
General and Security Exceptions
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Article 18
Prudential Measures
18