Published on 10 Aug 2010 • International, USA (National/Federal) |
"Each Contracting Party shall undertake to accord ... just and equitable treatment, in accordance with the principles of international law" (Article 3).
"Investments made by investors of one Contracting Party shall be fully and completely protected and safeguarded ... in accordance with the principle of just and equitable treatment mentioned in Article 3" (Article 5).
"Each Party shall guarantee ... fair and equitable treatment of investments" (Article IV).
"Investments of investors of each Contracting Party shall at all times be accorded fair and equitable treatment" (Article 2).
"1. Necessity may not be invoked by a State as a ground for precluding the wrongfulness of an act not in conformity with an international obligation of that State unless the act:
(a) Is the only way for the State to safeguard an essential interest against a grave and imminent peril; and
(b)Does not seriously impair an essential interest of the State or States towards which the obligation exists, or of the international community as a whole.
2. In any case, necessity may not be invoked by a State as a ground for precluding wrongfulness if:
(a)The international obligation in question excludes the possibility of invoking necessity; or
(b)The State has contributed to the situation of necessity."