Article 6 Transfer of Payments
Article 6
Transfer of Payments
1. Each Contracting Party shall guarantee to investors of the other Contracting Party on a non-discriminatory basis, subject to the legislation of its State and upon fulfillment by them of all their tax obligations, a free transfer abroad of payments related to their investments, and in particular:
a) returns;
b) funds in repayment of loans and credits recognized by both Contracting Parties as investments, as well as accrued interest;
c) proceeds from the partial or full liquidation or sale of investments;
d) compensation, indemnification or other settlements referred to in articles 4 and 5 of this Agreement;
e) wages and other renumerations received by investor and nationals of the State of the latter Contracting Party who have the right to work in the territory of the State of the former Contracting Party in relation to the investments.
2. The transfer of payments referred to in paragraph 1 of this Article shall be made without delay in a freely convertible currency at the rate of exchange applicable on the date of the transfer pursuant to the foreign exchange legislation of the State of the Contracting Party in which territory the investments are made.
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