Switzerland and Egypt have signed an agreement on the Promotion and Reciprocal Protection of Investments.
Commenting on the agreement, the Swiss Federal Administration states that: “The new agreement will offer modern protection standards to Swiss and Egyptian investors and replace the agreement in force between the two countries since 1974. It covers in essence the treatment of foreign investments by the partner country, the transfer of capital and investment returns, compensation for expropriation and dispute settlement procedures.”
It adds: “The agreement will come into force as soon as the approval requirements in both countries have been completed. Bilateral investment protection agreements enhance legal certainty and protection against non-commercial risks, and thereby contribute to increasing the attractiveness and competitiveness of the countries concerned in the eyes of foreign investors.”
.Tags: law | investment | business | agreements | investment treaty | Egypt | Switzerland | standards | Switzerland
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