Common use of Compensation for Damages and Losses Clause in Contracts

Compensation for Damages and Losses. In case the investors of one of the Contracting Parties suffer damages or losses owing on their investments in the territory of the other Contracting Party owing to war or other armed conflicts, state of emergency or other similar circumstances, the Contracting Party where the investment is made, shall give proper compensation or restitution or indemnification or get into another type of agreement. Revelant payments shall be made without undue delay and in freely convertible currency. The investors shall be granted the same treatment as that granted to investors of the Contracting party under obligation, and in any case, shall be granted a treatment no less favourable than that granted to investor from any third country.

Appears in 13 contracts

Samples: Agreement, Agreement, Agreement

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