Agreement Between the Russian Federation and the State of Kuwait for the Promotion and Reciprocal Protection of Investments (Kuwait, November 21, 1994)

• Article 1 Definitions

• Article 2 Promotion and Reciprocal Protection of Investments

• Article 3 Treatment of Investments

• Article 4 Compensation for Losses

• Article 5 Expropriation

• Article 6 Transfer of Payments

• Article 7 Subrogation

• Article 8 Consultations

• Article 9 Settlement of Disputes between a Contracting Party and an Investor of the Other Contracting Party

• Article 10 Settlement of Disputes between Contracting Parties

• Article 11 Application of Other Rules

• Article 12 Application of the Agreement

• Article 13 Entry into Force, Duration and Termination of the Agreement

• Protocol to the Agreement between the Russian Federation and the State of Kuwait for the Promotion and Reciprocal Protection of Investments

Authentic text

AGREEMENT
BETWEEN THE RUSSIAN FEDERATION AND THE STATE OF KUWAIT FOR THE PROMOTION AND RECIPROCAL PROTECTION OF INVESTMENTS
(Kuwait, November 21, 1994)

The Russian Federation and the State of Kuwait (hereinafter referred to as the "Contracting Parties")

Desiring to create favourable conditions for the development of the economic cooperation between them and in particular for investments by investors of one Contracting Party in the territory of the other Contracting Party;

Recognizing that the promotion and reciprocal protection of such investments will be conducive to the stimulation of business initiative and will increase prosperity in both Contracting Parties;

Have agreed as follows:

Done in duplicate at Kuwait on this 21st day of November, 1994 corresponding to 18th day of Jamada II 1415 H in the Russian, Arabic and English languages, all texts being equally authoritative. In case of divergency of interpretation, the English text shall be used.

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This Agreement was ratified by Federal Law No. 49-FZ of May 23, 1996 (Sobraniye Zakonodatelstva Rossiyskoy Federatsii, 1996, No. 22, item 2586).

The Agreement entered into force on May 30, 1996

/Signatures/