Section III: Investment transactions.

The guarantee for political and transfer risks may cover investments abroad where these are of interest for the development of the French economy and have not yet been committed or have been committed in the twenty-four months preceding the request for a guarantee. Where the legislation of the foreign country does not provide for the issue of an authorisation, the investor must produce all documents issued by the competent local…

Political risk arises when the investor’s property rights or those attaching thereto, or the special rights and advantages granted to him by the authorities of the country in which the investment was made, are infringed as a result of one of the following causes: civil or foreign war, revolution, riots or other similar events occurring in the country in which the investment was made, or an act or decision of…

The transfer risk arises when political events, economic difficulties or the legislation of the country in which the investment was made prevent or delay transfers corresponding to the repatriation of this investment.