Ley 245 de 1995 | Ley 245 de 1995 — Colombia law | Esheria

Ley 245 de 1995

This preamble says Colombia and Cuba approved an investment agreement to promote and protect reciprocal investments.

Jurisdiction
Colombia
Instrument
Act or statute
Citation
Ley 245 de 1995
Version
Undated source snapshot
Language
es
Updated
Official source
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arbitration procedure asset classification capital repatriation compensation contract disputes corporate forms diplomatic settlement dispute resolution duration entry into force foreign investment foreign investment treatment insurance compensation inversión extranjera inversión transfronteriza investment investment protection investments investor-state disputes market access profit transfer property loss property rights subrogation +4 more

Statute overview

About this statute

This preamble says Colombia and Cuba approved an investment agreement to promote and protect reciprocal investments. Este artículo define “inversión”, “ganancias”, “empresas”, “nacionales” y “territorio” para el Convenio, y aclara que Colombia no considera los préstamos como inversiones para estos efectos. Cada Parte Contratante debe promover en su territorio las inversiones de nacionales o empresas de la otra Parte y admitirlas conforme a sus leyes y reglamentaciones. Each contracting party must give qualifying investments fair and equitable treatment, full protection and security, and non-discriminatory treatment; it must also avoid arbitrary or discriminatory measures against certain investment-related actions. Cada Parte Contratante debe dar a las inversiones y ganancias de la otra Parte un trato no menos favorable que el otorgado a terceros países o a sus propios inversionistas, según el caso.

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