Common use of Compensation for Damages or Losses Clause in Contracts

Compensation for Damages or Losses. Investors of one Party whose investments made in the territory of the other Party suffered losses owing to a war or other armed conflict, a state of national emergency, evolution, revolt, insurrection or other similar events, including losses occasioned by requisitioning, shall be accorded by the latter Party, as regards restitutions, indemnification, compensation or other settlement, a treatment not less favourable than that it accords to the investors of any third State. The amounts resulting from this Article, if any, shall be freely transferable.

Compensation for Damages or Losses. Investors of one Party whose investments made or investment incomes in the territory of the other Party suffered suffer losses owing to a war or war, other armed conflictconflicts, a state of national emergency, evolution, revolt, insurrection emergency or other similar events, including losses occasioned by requisitioning, circumstances in the territory of the latter shall be accorded by the latter Partyaccorded, as regards restitutionsrestitution, indemnification, compensation or other settlement, a treatment not no less favourable than that it accords which the latter Party grants to the investors of any third State. The amounts resulting from Any payment made under this Article, if any, Article shall be prompt, adequate, effective and freely transferable.