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97 27 expropriation, currency inconvertibility or contract abrogation by the government Government to carry out all 1 5 3.
Three alternatives were considered when the two-year inconvertibility term ended.
First, the amount of 1861 Notes outstanding increased steadily throughout the period of convertibility and reached its peak well into the period of inconvertibility.
The rating on the securities also factors in the inconvertibility, transferability and expropriation insurance policy from Steadfast Insurance Company, a fully-controlled unit of Zurich American Insurance Company, which together with a reserve fund or letter of credit, is available offshore to make scheduled interest payments on the notes for a maximum period of 24 months if an event of inconvertibility, transferability or expropriation occurs that prevents Ambev from making required payments to the noteholders, Moody's added.
78) But the present cycle, which we might date from 1971 when the declaration of the inconvertibility of the US dollar effectively uncoupled the monetary system from the salary struggles of the multinational worker, has been permeated by finance from the start.
Political risk insurance, however, only covers a limited range of business risks including inconvertibility, expropriation, and damages caused by war and civil strife.
The agency also provides political risk insurance against the risks of inconvertibility, political violence and expropriation.
including currency inconvertibility, expropriation, political violence,
This insurance, issued by a US Government agency [Overseas Private Investment Corporation] insures our investment against loss from civil strife, nationalization and currency inconvertibility," he said.
The political risks that MIGA can cover include currency inconvertibility and transfer restrictions; expropriation; war, terrorism, and civil disturbance; breach of contract; and non-honouring of sovereign financial obligations.
Similar to the story of the Jews, Mandel argues that there still continues the doctrine of inconvertibility of the Turks.
The risks that are covered by OPIC include inconvertibility of currency, expropriation, war damage and civil strife.