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 Party 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 Party, they shall be accorded by the latter Contracting Party, treatment, as regards restitution, indemnification, compensation or other settlement, no less favourable than that which the latter Contracting Party accords to its own investors or investors of any third State, whichever is more favourable. (2) Without prejudice to paragraph (1), 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 fromparagraph (1), 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) Requisitioning of their property or part thereof by the forces or authorities of the latter Contracting Party, or (b) Destruction of their property or part thereof by the forces or authorities of the latter Contracting Party which was not caused in combat action or was not required by the necessity of the situation, shall be accorded restitution or adequate compensation. Resulting payments shall be effectively realisable, freely convertible and freely transferable.

Compensation for Damage or Loss. (1) When investments made by investors of either Contracting Party 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 Party, they shall be accorded by the latter Contracting Party, treatment, as regards restitution, indemnification, compensation or other settlement, no not less favourable than that which the latter Contracting Party accords to its own investors or investors of any third Statestate, whichever is more the most favourable. (2) Without prejudice to paragraph (1), 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 fromparagraph (1), 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:paragraph 1, 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) Requisitioning of their property or part thereof by the forces or authorities of the latter Contracting Party, or (b) Destruction of their property or part thereof by the forces or authorities of the latter Contracting Party which was not caused in combat action or was not required by the necessity of the situation, shall Shall be accorded prompt restitution or prompt and adequate compensationcompensation where restitution is not possible for the damage or loss sustained. Resulting payments shall be effectively realisable, made in a freely convertible currency and be freely transferabletransferable without undue delay.

Compensation for Damage or Loss. (1) When investments made by investors of either Contracting Party 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 Party, they shall be accorded by the latter Contracting Party, treatment, as regards restitution, indemnification, compensation or other settlement, no not less favourable than that which the latter Contracting Party accords to its own investors or investors of any third Statestate, whichever is more the most favourable. (2) Without prejudice to paragraph (1), 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 fromparagraph (1), 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) Requisitioning requisition of their property or part thereof by the forces or authorities of the latter Contracting Party, or (b) Destruction destruction of their property or part thereof by the forces or authorities of the latter Contracting Party which was not caused in combat action or was not required by the necessity of the situation, shall be accorded prompt restitution or prompt and adequate compensationcompensation where restitution is not possible for the damage or loss sustained. Resulting payments shall be effectively realisable, made in a freely convertible currency and be freely transferabletransferable without undue delay.

Compensation for Damage or Loss. (1) When investments made by The investors of either one Contracting Party suffer damage or loss owing whose investments have suffered losses due to a war or any other armed conflict, a revolution, state of national emergency, revolt, civil disturbances, insurrection, riot rebellion or other similar events events, which took place in the territory of the other Contracting Party, they shall be accorded by the latter Contracting Party, treatment, Party as regards restitution, indemnification, compensation or other settlement, no a treatment not less favourable than that which the latter that Contracting Party accords to its own domestic investors or to investors of any third Statecountry, whichever is more favourablefavourable to the investors concerned. (2) Without prejudice to paragraph (1), 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 fromparagraph (1), 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:paragraph 1, 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) Requisitioning of their property or part thereof by the forces or authorities of the latter Contracting Party, ; or (b) Destruction of their property or part thereof by the forces or authorities of the latter Contracting Party Party, which was not caused in combat action or was not required by the necessity of the situation, shall ; Shall be accorded prompt restitution or prompt, adequate and effective compensation. Resulting payments shall be effectively realisable, freely convertible and freely transferable.