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Note No. 09/22

The Royal Norwegian Embassy in Riga presents its compliments to the Ministry of Foreign Affairs of the Republic of Latvia and has the honour to refer to the discussions between our two Governments concerning the termination of the Agreement between the Government of the Kingdom of Norway and the Government of the Republic of Latvia on the Mutual Promotion and Protection of Investments, signed in Riga on 16 June 1992, and has the honour to suggest the following:

1. The Agreement between the Government of the Kingdom of Norway and the Government of the Republic of Latvia on the Mutual Promotion and Protection of Investments, signed in Riga on 16 June 1992 (hereinafter referred to as "the Agreement on the Promotion and Protection of Investments") is terminated according to the terms set out in this Agreement.

2. Article XIII of the Agreement on the Promotion and Protection of Investments, which extends the protection of investment made prior to the date of the termination, is terminated and shall not produce legal effects.

3. The Agreement on the Promotion and Protection of Investments shall not serve as legal basis for initiating any new arbitration proceedings after the entering into force of this Agreement. For greater certainty, it means that no arbitration tribunal can be constituted under the Agreement on the Promotion and Protection of Investments after this agreement has entered into force.

The Contracting Parties share the understanding that the afore-mentioned applies to all State-State and Investor-State Arbitration proceedings based on the Agreement on the Promotion and Protection of Investments under any arbitration convention or set of rules.

If the foregoing proposals are acceptable to the Government of the Republic of Latvia, the Embassy suggests that this note, together with your reply to that effect, shall constitute an Agreement between our two Governments which shall enter into force thirty (30) days after the date of the last written notification by the Contracting Parties through diplomatic channels confirming that the national legal procedures necessary for the entry into force of this Termination Agreement have been completed.

The Royal Norwegian Embassy in Riga avails itself of this opportunity to renew to the Ministry of Foreign Affairs of the Republic of Latvia the assurances of its highest consideration."

Ministry of Foreign Affairs
Riga

Riga, 20 April 2022

No. 61-16782

The Ministry of Foreign Affairs of the Republic of Latvia presents its compliments to the Royal Norwegian Embassy, and has the honour to confirm the receipt of the Embassy's note No 09/22 of 20 April 2022 with the proposal to terminate the Agreement between the Government of the Republic of Latvia and the Government of the Kingdom of Norway on the Mutual Promotion and Protection of Investments, which reads as follows:

"The Royal Norwegian Embassy in Riga presents its compliments to the Ministry of Foreign Affairs of the Republic of Latvia and has the honour to refer to the discussions between our two Governments concerning the termination of the Agreement between the Government of the Kingdom of Norway and the Government of the Republic of Latvia on the Mutual Promotion and Protection of Investments, signed in Riga on 16 June 1992, and has the honour to suggest the following:

1. The Agreement between the Government of the Republic of Latvia and the Government of the Kingdom of Norway on the Mutual Promotion and Protection of Investments, signed in Riga on 16 June 1992 (hereinafter referred to as "the Agreement on the Promotion and Protection of Investments") is terminated according to the terms set out in this Agreement.

2. Article XIII of the Agreement on the Promotion and Protection of Investments, which extends the protection of investment made prior to the date of the termination, is terminated and shall not produce legal effects.

3. The Agreement on the Promotion and Protection of Investments shall not serve as legal basis for initiating any new arbitration proceedings after the entering into force of this Agreement. For greater certainty, it means that no arbitration tribunal can be constituted under the Agreement on the Promotion and Protection of Investments after this agreement has entered into force.

The Contracting Parties share the understanding that the afore-mentioned applies to all State-State and Investor-State Arbitration proceedings based on the Agreement on the Promotion and Protection of Investments under any arbitration convention or set of rules.

If the foregoing proposals are acceptable to the Government of the Republic of Latvia, the Embassy suggests that this note, together with your reply to that effect, shall constitute an Agreement between our two Governments which shall enter into force thirty (30) days after the date of the last written notification by the Contracting Parties through diplomatic channels confirming that the national legal procedures necessary for the entry into force of this Termination Agreement have been completed.

The Royal Norwegian Embassy in Riga avails itself of this opportunity to renew to the Ministry of Foreign Affairs of the Republic of Latvia the assurances of its highest consideration."

The Ministry of Foreign Affairs of the Republic of Latvia has the honour to inform the Embassy that the foregoing proposals are acceptable to the Government of the Republic of Latvia and that the Embassy's note No 09/22 of 20 April 2022 and this reply note shall constitute the Termination Agreement between our two Governments which shall enter into force thirty (30) days after the date of the last written notification by the Contracting Parties through diplomatic channels confirming that the national legal procedures necessary for the entry into force of this Termination Agreement have been completed.

The Ministry of Foreign Affairs of the Republic of Latvia avails itself of this opportunity to renew to the Royal Norwegian Embassy the assurances of its highest consideration.

Riga, 27 July 2022