Common use of Specific Commitment Clause in Contracts

Specific Commitment. Investments which have been the subject of a specific commitment by one of the Contracting Parties to investors of the other Contracting Party shall be governed, without prejudice to the provisions of this Agreement, by the terms of that commitment to the extent that it contains more favourable provisions than those provided for in this Agreement. The provisions of Article 8 of this Agreement shall apply even in the case of a specific undertaking providing for the waiver of international arbitration or designating an arbitral body different from that referred to in Article 8 of this Agreement.

Appears in 2 contracts

Sources: Investment Protection Agreement, Investment Protection Agreement