Common use of Compensation for Damages or Losses Clause in Contracts

Compensation for Damages or Losses. Should investors of either Contracting Party 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 offer at all events a compensation no less favourable than the one granted to investors of third States, in respect of losses or damages thereof. Compensation payments shall be freely transferable without undue delay.

Appears in 2 contracts

Samples: Agreement, Agreement

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Compensation for Damages or Losses. Should investors of either Contracting Party Parties incur losses or damages on in their investments in the territory of the other Contracting Party due to war, other forms of armed conflict, a a: state of emergency, civil strife or other similar events, the " Contracting Party in which whose territory the investment has been been' effected shall offer at all events a adequate compensation no less favourable than the one granted to investors of third States, in respect of such losses or damages thereofdamages, in accordance with customary international law. Compensation payments The investors concerned shall be freely transferable without undue delayreceive in this regard fair and equitable treatment.

Appears in 1 contract

Samples: Agreement

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Compensation for Damages or Losses. Should investors of either Contracting Party incur losses or damages on in their investments in the territory of the other Contracting Party Party, due to war, war or other forms of armed conflict, a state of emergency, civil strife revolt, insurrection, riot or other similar events, the Contracting Party in which the affected investment has been effected made shall offer at all events a fair compensation and no less favourable than the one granted treatment to investors of third Statesthe other Contracting Party than that offered to its own nationals or to nationals of any Third State by way of compensation, in respect of losses indemnification, restitution or damages thereof. Compensation payments shall be freely transferable without undue delayother settlement.

Appears in 1 contract

Samples: Agreement

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