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ARTICLE XIV
not preclude a Party from applying fulfillment of its obliaations with or restoration of inter~ational
1. measures necessa respect to t.he peace 9r security, or security interests.
the protection of its own essential
2. This Treaty shall not preclude a Party from rescribirg special formalities in connection with covered tments, such as a lement that such investments be legally ccnstituted under laws and of that Pa ,or a r~quirement that transfers currency or other ry instruments be reported, provided that such formalities shale not impair the substance of any of the rights set fo=th in this Treaty.
ARTICLE XV
1. (a) The obligations of this Treaty shall apply to the political subdivisions of the Parties. (b) With respect to the treatment accorded by a State, Territory or possession of the United States of America, naLional treatment means treatment no less favorable than the treatment accorded thereby, in like situations, to investments of nationals of the United States of America resident in, and companies lly constituted under the laws and regulations of, other ates, Territories or possessions of the United States of America. 2. A Party's obligations under this Treaty shall apply to a state enterprise in the exercise of any regulatory, administrative or other governmental. authority delegated to it by that Party.
ARTICLE XVI
1. This Treaty shall enter into force thirty days after the date of exchange of instruments of ratification. It shall remain in force for a period of ten years and shall continue in force unless terminEted in accordance with paragraph 2. It shall apply to covered investments existing at the time of entry into force as well as to those established or acquired thereafter.
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