16
PROTOCOL
1. The Parties confirm their mutual understanding that Article V, paragraph 4(a) includes the equitable, non-discriminatory and good faith application by the Government of Honduras of its labor laws relating to the protection of preferential creditors' rights. 2. With respect to Article 11(1) and paragraph (4) of the Annex, in considering applications by nationals or companies of the United States to possess or acquire real property within urban zones in or on cays, reefs, rocks, shoals or sandbanks or on islands or on any property located within 40 km of the coastline or land borders of Honduras, the Government of Honduras confirms that such applications will not be rejected, nor will decisions on applications be unduly delayed, on grounds of nationality. 3. The Parties understand that, with respect to rights reserved in paragraph 1 of Article XIV of the Treaty, "obligations with respect to the maintenance or restoration of international peace or security" means obligations under the Charter of the United Nations. 4. It is understood that nothing in paragraph 1 of Article XIV of the Treaty between the Government of the United States and the Government of Honduras Concerning the Encouragement and Reciprocal Protection of Investment, authorizes or has the intention of authorizing either Party to that Treaty to take measures in the territory of the other Party to fulfill its obligations with respect to the maintenance or restoration of international peace or security, or the protection of its own essential security interests. o
VerDate 11-MAY-2000 10:13 May 25, 2000 Jkt 079118 PO 00000 Frm 00032 Fmt 6633 Sfmt 6633 E:\HR\OC\TD027.XXX pfrm08 PsN: TD027
Powered by FlippingBook