Common use of Compensation for Damages or Losses Clause in Contracts

Compensation for Damages or Losses. Should investors of one of the Contracting Parties incur losses or damages on their investments in the territory of the other Contracting Party due to war, other forms of armed conflict, a state of emergency, civil strife or other similar events, the Contracting Party in which the investment has been effected shall accord treatment, as regards restitution, indemnification, compensation or other settlement, no less favourable than that which the latter Contracting Party accords to nationals or investors of any Third State. All related payments shall be freely transferable without undue delay.

Appears in 5 contracts

Samples: Investment Protection Agreement, Investment Protection Agreement, Investment Protection Agreement

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