Common use of Compensation for Expropriation and Losses Clause in Contracts

Compensation for Expropriation and Losses. 1. Neither Contracting Party shall take, either directly or indirectly, measures of expropriation, nationalization or other measures of this nature or the same effect against investments of investors of the other contracting party unless the measures are taken for reasons of public interest, duly established by law, without discrimination and in accordance with due process. 2. The Contracting Party which would be required to take such action shall contribute to the claimant, without undue delay, fair and equitable compensation in the amount will correspond to the market value of the investment concerned on the day before the date on which the measures taken or are publicly available. 3. The provisions for the purpose of fixing and the payment of compensation shall be made in a prompt no later than at the moment of the expropriation. in the event of late payment, the compensation shall include interest at market conditions as from the date of its receipt. the compensation shall be paid to investors in convertible currency and freely transferable.

Compensation for Expropriation and Losses. 1. Neither Contracting Party shall take, either directly or indirectly, measures of expropriation, nationalization or other measures of this nature or the same effect against investments of investors of the other contracting party unless the measures are taken for reasons of public interest, duly established by law, without discrimination and in accordance with due process. 2. The Contracting Party which would be required to take such action shall contribute to the claimant, without undue delay, fair and equitable compensation in the amount will correspond to the market value of the investment concerned on the day before the date on which the measures taken or are publicly available. 3. The provisions for the purpose of fixing and the payment of compensation shall be made in a prompt no later than at the moment of the expropriation. in In the event of late payment, the compensation shall include interest at market conditions as from the date of its receipt. the The compensation shall be paid to paved investors in convertible currency and freely transferable.

Compensation for Expropriation and Losses. 1. Neither Contracting Party contracting party shall take, either directly or indirectly, measures of expropriation, nationalization or other such measures of this nature or measures to the same effect against investments of investors of the other contracting party party, unless the measures are taken for reasons of public interestutility, duly established by law, without discrimination being discriminatory and in accordance with due processthe legal procedure. 2. The Contracting Party which would be required is obliged to take such action measures shall contribute pay to the claimantrightful owner, without undue delay, fair and equitable compensation in the an amount will correspond corresponding to the market value of the investment concerned on the day before the date on which the measures are taken or are publicly availablemade public. 3. The provisions Arrangements for the purpose of fixing determination and the payment of the compensation shall be made in a prompt no later than promptly at the moment latest at the time of the expropriation. In case of delay in the event of late payment, the compensation shall include bear interest at market conditions as rates from the date of its receiptit is due. the The compensation shall be paid to the investors in convertible currency and freely transferabletransferable currency.

Compensation for Expropriation and Losses. 1. Neither Contracting Party shall take, either directly or indirectly, measures of expropriation, nationalization or other measures of this nature or the same effect against investments of investors of the other contracting party unless the measures are taken for reasons of public interest, duly established by law, without discrimination and in accordance with due process. 2. The Contracting Party which would be required to take such action shall contribute to the claimant, without undue delay, fair and equitable compensation in the amount will correspond to the market value of the investment concerned on the day before the date on which the measures are taken or are publicly available. 3. The provisions for the purpose of fixing and the payment of compensation shall be made in a prompt no later than at the moment of the expropriation. in the event of late payment, the . compensation shall include interest at market conditions as from the date of its receipt. the compensation shall be paid to investors in convertible currency and freely transferable.