Common use of Dispossession Clause in Contracts

Dispossession. (1) Contracting Party shall take any measures of expropriation, nationalization or any other measures having effect equivalent to expropriation against nationalisation of investments or investors of the other contracting party except for reasons of public interest and provided that such measures are subject to payment of prompt and adequate compensation, they are not discriminatory and are in accordance with the national laws of general application. the legality of any such expropriation and the amount of compensation may, at the request of the investor, be subject to review in accordance with the legal requirements.

Dispossession. (1) Neither of the Contracting Party Parties shall take any measures of expropriation, nationalization nationalisation or any other measures having the same nature or the same effect equivalent to expropriation against nationalisation investments of investments or investors of the other contracting party except for reasons of Contracting Party, unless the measures are taken in the public interest interest, against prompt and provided adequate compensation and on condition that such measures are subject to payment of prompt taken on a non-discriminatory basis and adequate compensation, they are not discriminatory and are in accordance with the national domestic laws of general application. the The legality of any such expropriation and the amount of compensation may, shall at the request of the investor, investor be subject to review in accordance with the legal requirementsby due process of law.