Honduras - United States of America BIT (1995) (EN - ES)



(b) destruction of all or part of such investments by the Party's forces or authorities that was not required by the necessity of the situation.


1. Each Party shall permit all transfers relating to a covered invest~ent to be made freely and without delay into and out of its territory. Such transfers include:

(a) contributions to capital;

(b) profits, dividends, capital gains, and proceeds from the sale of all or any part of the investment or from the partial or complete liquidation of the investment;

(c) interest, royalty payments, management fees, and

technical assistance and other fees;

(d) payments made under a contract, including a loan

agreement; and

(e) compensation pursuant to Articles III and IV, and

payments arising out of an investment dispute.

2. Each Party shall permit transfers to be made in a freely usable currency at the market rate of exchange prevailing on the date of transfer. 3. Each Party shall permit returns in kind to be made as authorized or specified in an investment authorization, investment agreement, or other written agreement between the Party and a covered investment or a national or company of the other Party. 4. Notwithstanding paragraphs 1 through 3, a Party may prevent a transfer through the equitable, non-discriminatory and good faith application of its laws relating to:

(a) bankruptcy, insolvency or the protection of the

rights of creditors;

(b) issuing, trading or dealing in securities;

(c) criminal or penal offenses; or

(d) ensuring compliance with orders or jUdgments in

adjudicatory proceedings.

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