Under the agreement, investors will be entitled to compensation in the event of injury or damage to their investment and income.
MOSCOW, 11 Nov. The state Duma adopted the law on ratification of the agreement with Bahrain on promotion and mutual protection of investments follows from the database of the lower house of Parliament.
The agreement was signed in Moscow on 29 April 2014. It involves the admission of investments of investors of one state party on the territory of the other party.
The parties shall provide to the investments of investors no less favourable treatment than that accorded to investments of its own investors or to investments of investors of any third state.
The parties retain the right to apply and introduce exemptions from national treatment of foreign investors and their investments, including reinvested capital.
The agreement provides for the guarantee and protection of investments of investors from forced confiscation — nationalisation, expropriation or other measures having similar effects. An exception may be cases “when such measures are taken in the public interest, in accordance with the laws of the state of the host Contracting party on a non-discriminatory basis and accompanied by payment of quick, adequate and effective compensation”.
Also the right of investors to receive compensation in the event of injury or damage to their investment and income, in particular due to war, armed conflict, civil unrest. In addition, the parties shall guarantee the unhindered transfer abroad of revenues and other payments in connection with investments, as well as appropriate judicial protection of the rights of investors.