Common use of Compensation for Damages and Losses Clause in Contracts

Compensation for Damages and Losses. If investors in one of the Contracting Parties suffer losses or damage to their investments in the territory of the other Party due to war or other forms of armed conflict, state of emergency, civil war or other similar events, the Party The contractor in which the investment was made must provide adequate compensation for such losses or damages, irrespective of whether they were caused by governmental forces or other persons. Compensation payments will be freely transferable and will take place without undue delay. The investors concerned will receive the same treatment as the investors of the other Contracting Party and in any event not less favorable than those accorded to third-country investors.

Appears in 6 contracts

Samples: Agreement, Agreement, Agreement

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