Common use of Compensation for Damage or Loss Clause in Contracts

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

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

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

Compensation for Damage or Loss. 1. When investments made by investors of either Contracting State suffer damage or loss owing to war or other armed conflict, a state of national emergency, revolt, civil disturbances, insurrection, riot or other similar events in the territory of the other Contracting State, they shall be accorded by the latter Contracting State, treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable than that the latter Contracting State accords to its own investors or investors of any third state, whichever is the most favourable. 2. Without prejudice to paragraph 1I, investors of one Contracting State who in any of the events referred to in that paragraph suffer damage or loss in the territory of the other Contracting State resulting from: (a) Requisitioning of their property Property or part thereof by its forces or authorities; (b) Destruction of their property or part thereof by its forces or authorities which was not caused in combat action or was not required by the necessity of the situation, Shall be accorded prompt, adequate and effective compensation for the damage or loss sustained during the period of requisitioning or as a result of the destruction of their property in accordance with applicable proceduresproperty.