TNAG-2826-FCO40-4079-Investment-Protection-and-Promotion-Agreements-(IPPA)-betwee-1993 — Page 17

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(2)

Where a Contracting Party expropriates the assets

of a company which is incorporated or constituted under the

law in force in any part of its area, and in which

investors of the other Contracting Party own shares, it

shall ensure that the provisions of paragraph (1) of this

Article are applied to the extent necessary to guarantee

compensation referred to in paragraph (1) in respect of

their investment to such investors of the, other Contracting

Party who are owners of those shares.

ARTICLE 6

Transfer of Investments and Returns

(1)

Each Contracting Party shall in respect af

investments guarantee to investors of the other Contracting

Party the unrestricted right to transfer their investments

and returns abroad.

(2)

Transfers of currency shall be effected without

delay in any convertible currency. Unless otherwise agreed

by the investor transfers shall be made at the rate of

exchange applicable on the date of transfer.

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