TNAG-2827-FCO40-4080-Investment-Protection-and-Promotion-Agreements-(IPPA)-betwee-1993 — Page 136

(a)

The

reference

CONFIDENTIAL

to

otherwise

agreed by the

(e)

Contracting Parties" in

Article 9(3) of the Hong Kong

model was deleted as the French side considered unnecessary (sub-paragraph (3) of the initialled text);

the second sentence of Articles 9(3) and Articles 9(4) (5) and (6) of the Hong Kong model were deleted. The French side felt that the procedures of the tribunal were sufficiently covered in the first sentence of Article 11(3) of the initialled text.

(E)

(g)

sub-paragraph (4) which 19 based on Article 9(7) was

amended to make clear that the decision of the tribunal would be final; and

the latter part of the last sentence of Article 9(8) of

the Hong Kong model

was deleted as French delegation considered that the cost sharing arrangements were adequately covered in the previous part of the sub-paragraph.

ARTICLE 12: Application

23.

This provision is identical to the latter part of Article 1(e) of the Hong Kong model (see paragraph 4 (c) above).

ARTICLE 13: Entry into Force

24-

This article 19 identical to Article 11 of the Hong

Kong model.

ARTICLE 14: Duration and Termination

25.

Article 11 of the Hong Kong model provides for an indefinite period of effectiveness subject to a year's notice by

either side.

definite period

The French

would be

side felt that a reasonably lengthy more likely to inspire investors'