Common use of Compensation for Damage or Loss Clause in Contracts

Compensation for Damage or Loss. 1. Investors of one Contracting Party whose investments in the territory of the other Contracting Party suffer losses owing to war or other armed conflict, revolution, a state of national emergency, revolt, insurrection or riot or other similar events in the territory of the latter Contracting Party, shall be accorded by the later Contracting Party to treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable than that which the latter Contracting Party accords to its own investors or to investors of any third Party whichever is the most favourable. 2. Without prejudice to paragraph 1 of this Article, investors of one Contracting Party who in any of the events referred to in that paragraph suffer damage or loss in the territory of the other Contracting Party resulting from: a) Requisition of their investment or property by its forces or authorities, b) Destruction of their investment or property by its forces or authorities which was not caused by combat action or was not required by the necessity of the situation, Shall be accorded prompt and adequate compensation for the damage or loss sustained during the period of requisitioning or as a result of the destruction of the property. Resulting payments shall be freely transferable in freely convertible currency without undue delay.

Compensation for Damage or Loss. 1. Investors When investments made by investors of one either Contracting Party whose investments in the territory of the other Contracting Party State suffer losses damage or loss owing to war or other armed conflict, revolution, a state of national emergency, revolt, insurrection or civil disturbances, insurrection, riot or other similar events in the territory of the latter other Contracting PartyState, they shall be accorded by the later latter Contracting Party to State, treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable than that which the latter Contracting Party State accords to its own investors or to investors of any third Party state, whichever is the most favourable. 2. Without prejudice to paragraph 1 of this Article1, investors of one Contracting Party State who in any of the events referred to in that paragraph suffer damage or loss in the territory of the other Contracting Party State resulting from: (a) Requisition Requisitioning of their investment properly or property part thereof by its forces or authorities,; or (b) Destruction of their investment property or property part thereof by its forces or authorities which was not caused by in combat action or was not required by the necessity of the situation, . Shall be accorded prompt prompt, adequate and adequate effective compensation for the damage or loss sustained during the period of requisitioning or as a result of the destruction of the their property. Resulting payments shall be freely transferable made in a freely convertible currency and he freely transferable without undue delay.

Compensation for Damage or Loss. (1. ) Investors of one Contracting Party whose investments in the territory of the other Contracting Party suffer losses owing to war or other armed conflict, revolution, a state of national emergency, revolt, insurrection or insurrection, riot or other similar events in the territory of the latter Contracting Party, Party shall be accorded by the later latter Contracting Party to a treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable than that which the latter Contracting Party accords to its own investors or to investors of any third Party whichever is the most favourableState. (2. ) Without prejudice to paragraph 1 Paragraph (1) of this Article, investors of one Contracting Party who in any of the events referred to in that paragraph suffer damage damages or loss losses in the territory of the other Contracting Party resulting from: (a) Requisition of their investment or property by its forces or authorities,. (b) Destruction of their investment or property by its forces or authorities which was not caused by in combat action or was not required by the necessity of the situation, Shall be accorded prompt and adequate compensation for the damage damages or loss losses sustained during the period of requisitioning or as a result of the destruction of the property. Resulting payments shall be made in freely usable currency and freely transferable in freely convertible currency without undue delay.

Compensation for Damage or Loss. 1. Investors Where investments made by investors of one either Contracting Party whose investments suffer loss or damage as a result of war or another armed conflict, civil disturbance, a national state of emergency, revolution, rioting or similar events in the territory of the other Contracting Party suffer losses owing to war Party, treatment as regards restitution, compensation or other armed conflict, revolution, a state of national emergency, revolt, insurrection or riot or other similar events in the territory of the latter Contracting Party, arrangements shall be accorded by the later latter Contracting Party to treatment, as regards restitution, indemnification, compensation or other settlement, not no less favourable than that which the treatment accorded by the latter Contracting Party accords to its own investors or to investors of any third Party State, whichever is the most favourablemore favourable to investors concerned. 2. Without prejudice to paragraph 2 1 of this Article, investors of one Contracting Party who who, in any of the events referred to in that paragraph this clause, suffer damage or loss in the territory of the other Contracting Party resulting from:as a result of a(A) Requisition the requisition of their investment property or part of their assets by their forces or authorities; (B) destruction of its property or part of its assets by its forces or authorities, b) Destruction of their investment , which has not been caused in combat or property by its forces or authorities which was not caused by combat action or was is not required by the necessity of the situation, Shall shall be accorded prompt promptly, adequately and adequate compensation effectively compensated for the damage or loss sustained suffered during the requisition period of requisitioning or as a result of the destruction of the its property. Resulting The resulting payments shall be freely transferable made in currency freely convertible currency and freely transmissible without undue delay.

Compensation for Damage or Loss. 1. Investors When investments made by investors of one either Contracting Party whose investments suffer loss or damage owing to war or other armed conflict, civil disturbances, state of national emergency, revolution, riot or similar events in the territory of the other Contracting Party suffer losses owing to war or other armed conflict, revolution, a state of national emergency, revolt, insurrection or riot or other similar events in the territory of the latter Contracting Party, they shall be accorded by the later latter Contracting Party to treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable than the treatment that which the latter Contracting Party accords to its own investors or to investors of any third Party State, whichever is more favourable to the most favourableinvestors concerned. 2. Without prejudice to paragraph 1 of this Article, investors of one Contracting Party who in any of the events referred to in that paragraph suffer damage or loss in loss, n the territory of the other Contracting Party resulting from: a) Requisition Requisitioning of their investment property or property part thereof by its forces or authorities,; b) Destruction of their investment property or property part thereof by its forces or authorities which was not caused by in combat action or was not required by the necessity of the situation, Shall be accorded a prompt restitution, adequate and adequate effective compensation for the damage or loss sustained during the period of requisitioning or as a result of the destruction of the their property. Resulting payments shall be freely transferable made in freely convertible currency and be freely transferable without undue delay.

Compensation for Damage or Loss. (1. ) Investors of one Contracting Party State whose investments in the territory of the other Contracting Party State suffer losses owing to war or other armed conflict, revolution, a state of national emergency, revolt, insurrection or riot or other similar events in the territory of the latter Contracting Party, State shall be accorded by the later latter Contracting Party to State treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable than that which the latter Contracting Party State accords to its own investors or to investors of any third Party State whichever is the most favourable. (2. ) Without prejudice to paragraph 1 Paragraph (1) of this Article, investors of one Contracting Party State who in any of the events referred to in that paragraph suffer damage or loss in the territory of the other Contracting Party State resulting from: (a) Requisition of their investment or property by its forces or authorities, (b) Destruction destruction of their investment or property by its forces or authorities which was not caused by in combat action or was not required by the necessity of the situation, Shall be accorded prompt and adequate compensation for the damage or loss sustained during the period of requisitioning or as a result of the destruction of the property. Resulting payments shall snail be in freely usable currency and freely transferable in freely convertible currency without undue delay.

Compensation for Damage or Loss. (1. ) Investors of one Contracting Party State whose investments in the territory of the other Contracting Party State suffer losses owing to war or other armed conflict, revolution, a state of national emergency, revolt, insurrection or riot or other similar events in the territory of the latter Contracting Party, State shall be accorded by the later latter Contracting Party to State treatment, as regards restitution, restitution indemnification, compensation or other settlement, not less favourable than that which the latter Contracting Party State accords to its own investors or to investors of any third Party State whichever is the most favourable. (2. ) Without prejudice to paragraph 1 Paragraph (1) of this Article, investors of one Contracting Party State who in any of the events referred to in that paragraph suffer damage or loss in the territory of og the other Contracting Party State resulting from: (a) Requisition Rquisiton of their investment or property by its forces or authorities, (b) Destruction of their investment or property by its forces or authorities which was not caused by in combat action or was not required by the necessity of the situation, . Shall be accorded prompt and adequate compensation for the damage or loss sustained during the period of requisitioning or as a result of the destruction of the property. Resulting payments shall be in freely usable currency and freely transferable in freely convertible currency without undue usndue delay.

Compensation for Damage or Loss. 1. Investors When investments made by investors of one either Contracting Party whose investments suffer loss or damage owing to war or other armed conflict, civil disturbances, state of national emergency, revolution, riot or similar events in the territory of the other Contracting Party suffer losses owing to war or other armed conflict, revolution, a state of national emergency, revolt, insurrection or riot or other similar events in the territory of the latter Contracting Party, they shall be accorded by the later latter Contracting Party to treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable than the treatment that which the latter Contracting Party accords aecords to its own investors or to investors of any third Party State, whichever is more favourable to the most favourableinvestors concerned. 2. Without prejudice to paragraph 1 of this Article, investors of one Contracting Party who in any of the events referred refen'ed to in that paragraph suffer damage or loss in the territory of the other Contracting Party resulting from: a) Requisition a. requisitioning of their investment property or property part thereof by its forces or authorities,; b) Destruction b. destruction of their investment property or property part thereof by its forces or authorities which was not caused by in combat action or was not required by the necessity of the situation, Shall be accorded prompt a prompt, adequate and adequate effective compensation or restitution for the damage or loss sustained during the period of requisitioning or as a result of the destruction of the their property. Resulting payments shall be freely transferable made in freely convertible currency and be freely transferable without undue delay.