Compensation for Damages Due to War and Similar Events. Paragraph 1 entitles investments covered by the Treaty to the better of national or MFN treatment with respect to any measure relating to losses suffered in a Party’s territory owing to war or other armed conflict, civil disturbances, or similar events. The un- conditional obligation to pay compensation for such losses only arises when the losses result from requestioning or from destruc- tion not required by the necessity of the situation.
Compensation for Damages Due to War and Similar Events. 1. Nationals or companies of either Party whose investments in the territory of the other Party suffer
(a) damages due to war or other armed conflict between such other Party and a third country, or
(b) damages due to revolution, state of national emergency, revolt, insurrection, riot or act of terrorism in the territory of such other Party, shall be accorded treatment no less favorable than that which such other Party accords to its own nationals or companies or to nationals or companies of any third country, whichever is the most favorable treatment, when making restitution, indemnification, compensation or other appropriate settlement with respect to such damages.
2. In the event that such damages result from:
(a) a requisitioning of property by the other Party's forces or authorities, or
(b) destruction of property by the other Party's forces or authorities which was not caused in combat action or was not required by the necessity of the situation, the national or company shall be accorded restitution or compensation consistent with Article III.
3. The payment of any indemnification, compensation or other appropriate settlement pursuant to this Article shall be freely transferable, in accordance with the provisions of Article V.
Compensation for Damages Due to War and Similar Events. 1. Nationals or companies of one Party whose investments in the territory of the other Party suffer
(a) damages due to war or other armed conflict between such other Party and a third country or
(b) damages due to revolution, state of national emergency, revolt, insurrection, riot or act of terrorism in the territory of such other Party, shall be accorded treatment no less favorable than that which the other Party accords to its own nationals or companies or to nationals or companies of any third country, whichever is the most favorable treatment, when making restitution, indemnification, compensation or other appropriate settlement with respect to such damages. Both Parties agree that no compensation is owed to nationals or companies responsible for damage to their own investments.
2. In the event that such damages result from:
(a) a requisitioning of property by the other Party's forces or authorities, or
(b) destruction of property by the other Party's forces or authorities which was not caused in combat action or was not required by the necessity of the situation, the national or company shall be accorded restitution or adequate compensation consistent with Article III.
3. The payment of any indemnification, compensation or other appropriate settlement pursuant to this Article shall be freely transferable.
Compensation for Damages Due to War and Similar Events. 1. Each Contracting Party shall accord national and most favored nation treatment to covered investments as regards any measure relating to losses that investments suffer in its territory owing to war or other armed conflict, revolution, state of national emergency, insurrection, civil disturbance, or similar events.
2. Each Contracting Party shall accord restitution, or pay compensation in accordance with paragraphs 2 through 4 of Article III, in the event that covered investments suffer losses in its territory, owing to war or other armed conflict, revolution, state of national emergency, insurrection, civil disturbance, or similar events, that result from:
(a) requisitioning of all or part of such investments by the Contracting Party's forces or authorities, or
(b) destruction of all or part of such investments by the Contracting Party's forces or authorities that was not required by the necessity of the situation.
Compensation for Damages Due to War and Similar Events. Nationals or companies of either Party whose investments or returns in the territory of either Party suffer
(a) Damages due to war or other armed conflict between such other Party and a third country or
(b) Damages due to any kind of civil disturbance or insurrection in the territory of such other Party, Shall be accorded treatment no less favorable than that which such other Party accords to its own nationals or companies or to nationals or companies of any third country, whichever is the most favorable treatment, when making restitution, indemnification, compensation or other appropriate settlement with respect to such damages.
Compensation for Damages Due to War and Similar Events. 1. Each Party shall accord national and most favored nation treatment to covered investments as regards any measure relating to losses that investments suffer in its territory owing to war or other armed conflict, revolution, state of national emergency, insurrection, civil disturbance, or similar events.
2. Each Party shall accord restitution, or pay compensation in accordance with paragraphs 2 through 4 of Article III, in the event that covered investments suffer losses in its territory, owing to war or other armed conflict, revolution, state of national emergency, insurrection, civil disturbance, or similar events, that result from:
(a) Requisitioning of all or part of such investments by the Party's forces or authorities, or
(b) Destruction of all or part of such investments by the Party's forces or authorities that was not required by the necessity of the situation.
Compensation for Damages Due to War and Similar Events. Nationals or companies of either Party whose investments or returns in the territory of either Party suffer
(a) damages due to war or other armed conflict between such other Party and a third country or
(b) damages due to any kind of civil disturbance or insurrection in the territory of such other party, shall be accorded treatment no less favorable than that which such other Party accords to its own nationals or companies or to nationals or companies of any third country, whichever is the most favorable treatment, when making restitution, indemnification, compensation or other appropriate settlement with respect to such damages.
1. Either Party shall in respect to investments by nationals or companies of the other Party grant to those nationals or companies the free transfer of:
a. returns.
b. royalties and other payments deriving from licenses, franchises and other similar grants or rights.
c. installments in repayment of loans.
d. amounts spent for the management of the investment in the territory of the other Party or a third country.
e. Additional funds necessary for the maintenance of the investment.
f. the proceeds of partial or total sale or liquidation of the investment, including a liquidation effected as a result of any event mentioned in Article IV; and
g. compensation payments pursuant to Article III.
2. To the extent a national or company of either Party has not made another arrangement with the appropriate authorities of the other Party in whose territory the investment of such national or company is situated, currency transfers made pursuant to Paragraph 1 of this Article shall be permitted in the currency of the original investment or in any other freely convertible currency. Such transfers shall be made at the prevailing rate of exchange on the date of transfer with respect to current transactions in the currency to be transferred.
3. Notwithstanding the preceding paragraphs, either Party may maintain laws and regulations: (a) requiring reports of currency transfer; and (b) imposing income taxes by such means as a withholding tax applicable to dividends or other transfers. Furthermore, either Party may protect the rights of creditors, or ensure the satisfaction of judgments in adjudicatory proceedings, through the equitable, nondiscriminatory and good faith application of its law.
Compensation for Damages Due to War and Similar Events. 1. Nationals or companies of either Party whose investments in the territory of the other Party suffer"
(a) damages due to war or other armed conflict between such other Party and a third country, or (b) damages due to revolution, state of national emergency, revolt, insurrection, riot or act of terrorism in the territory of such other Party, shall accorded treatment no less favorable than that which such other Party accords to its own nationals or companies and no less favorable than that which it accords to nationals or companies of any third country in matters concerning restitution, indemnification, compensation or other appropriate settlement with respect to such damages.
2. In the event that such damages result from:
(a) a requisitioning of property by the other Party's forces or authorities, or
(b) destruction of property by the other Party's forces or authorities which was not caused in combat action or was not required by the necessity of the situation, the national or company shall be accorded restitution or compensation consistent with Article III.
3. The payment of any indemnification, compensation or other settlement pursuant to this Article shall be freely transferable.
Compensation for Damages Due to War and Similar Events. 1. Nationals or companies of either Party whose investments in the territory of the other Party suffer" (a) damages due to war or other armed conflict between such other Party and a third country, or (b) damages due to revolution, state of national emergency, revolt, insurrection, riot or act of terrorism in the territory of such other Party, shall accorded treatment no less favorable than that which such other Party accords to its own nationals or companies and no less favorable than that which it accords to nationals or companies of any third country in matters concerning restitution, indemnification, compensation or other appropriate settlement with respect to such damages.
Compensation for Damages Due to War and Similar Events. 1. Each Party shall record national and most favored nation treatment to covered investments as regards any measure relating to losses that investments suffer in its territory owing to war or other armed conflict, revolution, state or national emergency, insurrection, civil disturbance, or similar events.
(a) bankruptcy, insolvency or the protection of the rights of creditors;
(b) issuing, trading or dealing in securities;
(c) criminal or penal offenses; or
(d) ensuring compliance with orders or judgments in adjudicatory proceedings.
