Common use of Compensation for Damages or Losses Clause in Contracts

Compensation for Damages or Losses. 1. Where investments of investors of one Contracting Party in the territory of the other Contracting Party suffer damages or losses owing to war or other armed conflict, revolution, a state of national emergency, revolt, insurrection or riot in the territory of the other Contracting Party, the investors concerned shall be accorded treatment, as regards restitution, indemnification, compensation or other settlement, in conformity with general international law and, in any event, not less favourable than that, which would be accorded in the same circumstances to investors of any third State. 2. Without prejudice to the foregoing provisions of this Article, the investors of one Contracting Party shall, in respect of any matter dealt with therein, be accorded in the territory of the other Contracting Party treatment not less favourable than that, which accorded to the investors of any third State.

Appears in 19 contracts

Samples: Investment Agreement, Investment Agreement, Investment Agreement

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