Common use of Compensation for losses and damages Clause in Contracts

Compensation for losses and damages. 1. Investors of one Contracting Party whose investments in the territory of the other Contracting Party suffer losses owing to war or to armed conflict, state of national emergency, revolution, insurrection, civil disturbance or any other similar event, shall be accorded by the latter Contracting Party, as regards restitution, indemnification, compensation or other settlement, treatment not less favourable than that which the latter Contracting Party accords to its own investors or to investors of any third State whichever is more favourable to the investor concerned. Resulting payments shall be freely transferable.

Compensation for losses and damages. 1. Investors of one Contracting Party whose investments in the territory of the other Contracting Party suffer losses owing to war or to armed conflict, state of national emergencyemergen- cy, revolution, insurrection, civil disturbance or any other similar event, shall be accorded by the latter Contracting Party, as regards restitution, indemnification, compensation or other oth- er settlement, treatment not less favourable than that which the latter Contracting Party accords ac- cords to its own investors or to investors of any third State whichever is more favourable to the investor concerned. Resulting payments shall be freely transferable.