TNAG-0319-FCO40-355-Legislation-for-immigration-and-deportation-in-Hong-Kong-1971 — Page 32

itment corded other shall not and companies

ll not apply to ontracting Party ble taxation and

ry.

, taxes of every

and all other mpanies of one spected. Except

d by law and ting Party, such

tents thereof be

Party shall be rty, movable or is are applicable

Party shall be ose of property, ne conditions as itter Contracting

Party shall be

ARTICLE 11

In any case where nationals and companies of one Contracting Party are entitled, under the present Treaty, to carry on business in any territory of the other, they shall be entitled to exercise this right either in person or through agents of their own choice or in both such ways to no less an extent than nationals and companies of any other foreign country.

ARTICLE 12

(1) The nationals and companies of one Contracting Party shall enjoy in any territory of the other treatment not less favourable than that enjoyed by the nationals and companies of any other foreign country with regard to the formation under the law of that territory of new companies.

(2) The nationals and companies of one Contracting Party shall enjoy in any territory of the other treatment not less favourable than that enjoyed by the nationals and companies of the latter Contracting Party or of any other foreign country with regard to the formation and membership under the law of that territory of chambers of commerce or similar bodies.

(3) Neither Contracting Party shall in any territory enforce, in relation to the nationals and companies of the other, any requirements as to the nationality of directors, administrative personnel, technicians, professional consultants, auditors or shareholders of

shareholders of any company of the former Contracting Party more restrictive than requirements applied in relation to the nationals and companies of any other foreign country.

(4) The companies of one Contracting Party more than one half of the interests in which are owned or which are controlled, directly or indirectly, by the nationals or companies of the other shall in all the matters dealt with in the present Treaty be accorded treatment not less favourable than that accorded to the companies of the former Contracting Party more than one half of the interests in which are owned or which are controlled, directly or indirectly, by the nationals and companies of any other foreign country.

rty, movable or

I'm

restrictions not s and companies

y.

ARTICLE 13

The nationals and companies of one Contracting Party shall be accorded in any territory of the other treatment not less favourable than that accorded to the nationals and companies of any other foreign country with respect to the introduction of foreign capital or technology.

ive to the grant

o the conditions. rritory of either

s to prevent a ition, ownership,

ARTICLE 14

The nationals and companies of one Contracting Party shall be accorded equitable treatment in any territory of the other in respect of any measure of requisition, civil or military, of disposal, limitation, restriction or expropriation, affecting their property, rights and interests, or affecting the property, rights and interests of any company of the other Contracting Party in which they own interests, and shall be accorded prompt, adequate and

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