Common use of Compensation for Damage or Losses Clause in Contracts

Compensation for Damage or Losses. 1. Should investors of one of the Contracting Parties incur losses or damage on their investments in the territory of the other Contracting Party due to war, a state of emergency, civil strife, or other similar events, the Contracting Party in whose territory the investment has been effected shall accord to said investors no less favourable treatment than that accorded to its own nationals and investors of any third State. Compensation shall be paid without undue delay and shall be freely transferable.

Compensation for Damage or Losses. 1. Should When investments of investors of one either Contracting Party suffer damage or losses owing to war, armed conflict, a state of the Contracting Parties incur losses national emergency, revolt, insurrection, riot or damage on their investments other similar events in the territory of the other Contracting Party, they shall be accorded by the latter Contracting Party due to wartreatment, a state of emergencyas regards restitution, civil strifeindemnification, compensation or other similar eventssettlement, not less favourable than that which the latter Contracting Party in whose territory the investment has been effected shall accord to said investors no less favourable treatment than that accorded accords to its own nationals and investors or to investors of any third State. Compensation shall be paid without undue delay and shall be freely transferablestate.

Compensation for Damage or Losses. 1. Should investors of one of the Contracting Parties incur losses or damage damages on their investments in the territory of the other Contracting Party due to war, other forms of armed conflict, a state of emergency, civil strifestrive or a riot, or other similar events, the Contracting Party in whose territory which the investment has been effected shall accord to said investors no offer the investor treatment in respect of compensation from such losses or damages which will not be less favourable treatment than that accorded offered to its own nationals and investors of any third State. Compensation shall be paid without undue delay and shall be freely transferablenationals.