Deprivation and limitation of ownership Sample Clauses

Deprivation and limitation of ownership. 1. Each Contracting Party undertakes not to adopt any measure of expropriation or nationalization or any other measure having the effect of directly or indirectly dispossessing the investors of the other Contracting Party of their investments in its territory. 2. If reasons of public purpose, security or national interest require a derogation from the provisions of paragraph 1, the following conditions shall be complied with;paragraph 1, the following conditions shall be complied with; a) The measures shall be taken under due process of law; b) The measures shall be neither discriminatory, nor contrary to any specific commitments; c) The measures shall be accompanied by provisions for the payment of an adequate and effective compensation. 3. Such compensation shall amount to the actual value of the investments on the day before the measures were taken or became public. Such compensation shall be paid in the currency of the State of which the investor is a national or in any other convertible currency. It shall be paid without delay and shall be freely transferable. It shall bear interest at the normal commercial rate from the date of the determination of its amount until the date of its payment. 4. Investors of one Contracting Party whose investments suffer losses owing to war or other armed conflict, revolution, a state of national emergency or revolt in the territory of the other Contracting Party shall be accorded by the latter Contracting Party treatment, as regards restitution, indemnification, compensation or other settlement, no less favourable than that which the latter Contracting Party accords to the investors of the most favoured nation. 5. In respect of matters dealt with in this Article, each Contracting Party shall grant to the investors of the other Contracting Party a treatment which shall at least be equal to that granted in its territory to the investors of the most favoured nation. This treatment shall in no case be less favourable than that recognized under international law.

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Deprivation and limitation of ownership. 1. Each Contracting Party undertakes not to adopt any measure of expropriation or nationalisation or any other measure having the effect of directly or indirectly dispossessing the investors of the other Contracting Party of their investments in its territory. 2. If reasons of public purpose, security or national interest require a derogation from the provisions of paragraph 1, the following conditions shall be complied with : a) The measures shall be taken under due process of law; b) The measures shall be neither discriminatory, nor contrary to any specific commitments; c) The measures shall be accompanied by provisions for the payment of an adequate and effective compensation. 3. Such compensation shall be computed on the basis of the market value of the investment immediately prior to the point of time when the decision for expropriation or nationalization was announced or became public known, where the market value cannot be readily ascertained, the compensation shall be determined in accordance with generally recognized principles of valuation and on equitable principles taking into account, inter alia, the capital invested, depreciation, capital already repatriated, replacement value and other relevant factors. The compensation shall include interest at the current rate of interest applicable to the currency in which the investment was originally undertaken from the date of expropriation until the date of payment. 4. Investors of one Contracting Party whose investments suffer losses owing to war or other armed conflict, revolution, a state of national emergency or revolt in the territory of the other Contracting Party shall be granted by the latter Contracting Party a treatment, as regards restitution, indemnification, compensation or other settlement, at least equal to that which the latter Contracting Party grants to the investors of the most favoured nation.

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Deprivation and limitation of ownership. 1. Each Contracting Party undertakes not to adopt any measure of expropriation or nationalisation or any other measure having the effect of directly or indirectly dispossessing the investors of the other Contracting Party of their investments in its territory. 2. If reasons of public purpose, security or national interest require a derogation from the provisions of paragraph 1, the following conditions shall be complied with:paragraph 1, the following conditions shall be complied with: a) The measures shall be taken under due process of law; b) The measures shall be neither discriminatory, nor contrary to any specific commitments; c) The measures shall be accompanied by provisions for the payment of a adequate and effective compensation. 3. Such compensation shall amount to the actual value of the investments on the day before the measures were taken or became public. Such compensation shall be paid in any convertible currency. It shall be paid without undue delay and shall be freely transferable. It shall bear interest at the normal commercial rate from the date of the determination of its amount until the date of its payment. 4. Investors of one Contracting Party whose investments suffer losses owing to war or other armed conflict, revolution, a state of national emergency or revolt in the territory of the other Contracting Party shall be granted by the latter Contracting Party a treatment, as regards restitution, indemnification, compensation or other settlement, at least equal to that which the latter Contracting Party grants to the investors of the most-favoured-nation.

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Deprivation and limitation of ownership. 1. Each Contracting Party undertakes not to adopt any measure of expropriation or nationalization or any other measure having the effect of directly or indirectly dispossessing the investors of the other Contracting Party of their investments in its territory. 2. For the reason of public purpose, security or national interest require a derogation from the provisions of paragraph 1, the following conditions shall be complied with : a) the measures shall be taken under due process of law ; b) the measures shall be neither discriminatory, nor contrary to any specific commitments ; c) the measures shall be accompanied by provisions for the payment of a adequate and effective compensation. 3. Such compensation shall amount to the market value of the investment on the day before the measures were taken or became public. Such compensation shall be paid in convertible currency, without delay, and shall be freely transferable. It shall bear interest at the normal commercial rate from the date of the determination of its amount until the date of its payment. 4. The investor affected shall have a right, under the laws and regulations of the Contracting Party making the expropriation, to prompt review, by the competent judicial or other independent authority of that Contracting Party, of his or its case and the valuation of his or its investment in accordance with the principles set out in this Article.

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Deprivation and limitation of ownership. 1. Each Contracting Party undertakes not to adopt any measure of expropriation or nationalisation or any other measure having the effect of directly or indirectly dispossessing the investors of the other Contracting Party of their investments in its territory. 2. If reasons of public purpose, security or national interest require a derogation from the provisions of [P]aragraph 1, the following conditions shall be complied with: a) the measures shall be taken under domestic legal procedures; b) the measures shall not be discriminatory; c) the measures shall be accompanied by provisions for the payment of compensation. 3. Such compensation shall amount to the actual value of the investments on the day before the measures were taken or became public. Such compensation shall be paid in any convertible currency. It shall be paid without undue delay and shall be freely transferable. It shall bear interest at the normal commercial rate from the date of the determination of its amount until the date of its payment. 4. Investors of one Contracting Party whose investments suffer losses owing to war or other armed conflict, revolution, a state of national emergency or revolt in the territory of the other Contracting Party shall be granted by the latter Contracting Party a treatment, as regards restitution, indemnification, compensation or other settlement, at least equal to that which the latter Contracting Party grants to the investors of the most favoured nation.

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Deprivation and limitation of ownership. Each Contracting Party undertakes not to adopt any measure of expropriation or nationalization or any other measure having the effect of directly or indirectly dispossessing the investors of the other Contracting Party of their investments in its territory.

Deprivation and limitation of ownership. 1. Investments of each Contracting Party shall not be nationalised, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for expropriations made in the public interest, on a basis of non-discrimination, carried out under due process of law, and against prompt, adequate and effective compensation.

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