Article 9 Subrogation

Article 9
Subrogation

A contracting party or its designated agency having made payment to an investor based on a guarantee issued for noncommercial risks in relation to an investment in the territory of the other Contracting Party, is by virtue of subrogation, entitled to exercise the rights of the investors to the same extent as the said investors. Such rights sail be exercised in accordance with the legislation of the latter Contracting Party

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