Common use of Compensation for Damage or Losses Clause in Contracts

Compensation for Damage or Losses. (1) When investments by investors of either Contracting Party suffer losses owing to war, armed conflict, a state of national emergency, revolt, insurrection, riot or 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, not less favourable than that which the latter Contracting Party accords to its own investors or to investors of any third State. Resulting payments shall be freely transferable without undue delay. (2) Without prejudice to paragraph (1) of this Article, investors of one Contracting Party who, in any of the situations referred to in that paragraph, suffer damage or losses in the territory of the other Contracting Party resulting from: (a) Requisitioning of their property by its forces or authorities; or (b) Destruction of their property 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 adequate compensation for the damage or losses sustained during the period of the requisitioning or as a result of the destruction of the property. Resulting payments shall be freely transferable without delay.

Compensation for Damage or Losses. (1) When . Investors from one of the two Contracting States whose investments by investors of either Contracting Party suffer losses owing to war, armed conflict, a state of national emergency, revolt, insurrection, riot or similar events in the territory of the other Contracting PartyState are exposed to damages or losses due to the war or any other armed conflict or a national emergency or revolution or disturbances or riots or other similar events, they shall be accorded granted treatment by the latter Contracting Party treatment, as regards State with regard to restitution, indemnification, compensation or any other settlement, not no less favourable than that which granted by the latter Contracting Party accords State to its own investors or to the investors of any third State. Resulting payments shall be freely transferable without undue delaycountry, whichever is more favourable. (2) . Without prejudice to paragraph (1) of this Article, investors investor of one Contracting Party who, who in any of the situations events referred to in that paragraph, suffer damage or losses paragraph suffers a loss in the territory of the other Contracting Party resulting from: (a) Requisitioning requisitioning of their property its investments or part thereof by its forces or authorities; or; (b) Destruction destruction of their property its investments 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 restitution or compensation which in either case shall be prompt, adequate compensation for the damage or losses sustained during the period of the requisitioning or as a result of the destruction of the propertyand effective. Resulting payments shall be freely transferable in a freely convertible currency without delay.

Compensation for Damage or Losses. (1) When investments by investors of either Contracting Party suffer losses owing to war, armed conflict, a state of national emergency, revolt, insurrection, riot or 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, not less favourable than that which the latter Contracting Party accords to its own investors or to investors of any third State. Resulting payments shall be freely transferable without undue delay. (2) Without prejudice to paragraph (1) of this Article, investors of one Contracting Party who, in any of the situations referred to in that paragraph, suffer damage or losses in the territory of the other Contracting Party resulting from: (a) Requisitioning requisitioning of their property by its forces or authorities; or (b) Destruction destruction of their property 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 adequate compensation for the damage or losses sustained during the period of the requisitioning or as a result of the destruction of the property. Resulting payments shall be freely transferable without delay.

Compensation for Damage or Losses. (1) . When investments made by investors an investor of either Contracting Party suffer losses damage or loss owing to war, 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 Party, treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable than that which the latter Contracting Party accords to its own investors investor or to investors investor of any third Statestate, whichever is most favourable.’ 2. Resulting payments shall be freely transferable without undue delay. (2) Without prejudice to paragraph (1) of this Article, investors of one Contracting Party who, who in any of the situations events referred to in that paragraph, suffer paragraph suffers damage or losses loss in the territory of the other Contracting Party resulting from: (a) Requisitioning requisitioning of their property or part thereof by its forces or authorities; or; (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 losses loss sustained during the period of the requisitioning or as a result of the destruction of the their property. Resulting payments shall be freely transferable without delay.