Common use of Compensation for Losses or Damages Clause in Contracts

Compensation for Losses or Damages. 1. Investors of one Contracting Party whose investments suffer losses, including damages, owing to war or other armed conflict, a state of national emergency, revolt, insurrection, riot or other similar situations in the territory of the other Contracting Party, shall be accorded by the latter Contracting Party, treatment, as regards restitution, indemnification, compensation or other forms of settlement, no 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.

Compensation for Losses or Damages. 1. Investors of one either Contracting Party whose investments suffer losses, including damages, in the territory of the other contracting party are damage or loss owing to war or other war, armed conflict, a national state of national emergency, revolt, insurrection, riot civil disturbance or other similar situations events in the territory of the other Contracting Party, shall be accorded by the latter Contracting Party, treatmentreceive from this latter, as regards restitution, indemnification, compensation or other forms of settlement, a treatment no less favourable than that which the latter Contracting Party accords accorded to its own investors or to investors of any third State, whichever is more favourable.