Common use of Expropriation and Compensation Clause in Contracts

Expropriation and Compensation. 1. Investments made by Investors of one Contracting Party in the Territory of the other Contracting Party cannot be expropriated, nationalized or subjected to other measures having a similar effect (all such measures hereinafter referred to as «expropriation») except when the following conditions are fulfilled: (i) The expropriation shall be done for public interest and under domestic legal procedures; (ii) It shall not be discriminatory; (iii) It shall be done only against compensation. 2. Such compensation shall amount to the market value of the investment, immediately before the date of expropriation and shall be paid without delay. The compensation shall include interest, computed from the first day following the date of expropriation until the date of payment, at a rate based on libor for the appropriate currency and corresponding period of time. The payment of such compensation shall be realizable and freely transferable.

Expropriation and Compensation. 1. Investments made by Investors investors of one Contracting Party in the Territory territory of the other Contracting Party cannot be expropriated, nationalized or subjected to other measures having a similar effect (effect, all such measures hereinafter referred to as «expropriationExpropriation») except , unless when the following conditions are fulfilled: (i) The expropriation shall be done for public interest and under domestic legal proceduresthe law of that Contracting Party; (ii) It shall not be discriminatory; (iii) It shall be done only against compensation. 2. Such compensation shall amount to the market value of the investment, investment immediately before the date of expropriation and shall be paid without delay. The compensation shall include interest, computed from the first day following the date of expropriation until the date of payment, at a rate based on libor for the appropriate currency and corresponding period of timelibor. The payment of such compensation shall be effectively realizable and freely transferabletransferable in convertible currency.

Expropriation and Compensation. 1. Investments made by Investors investors of one Contracting Party in the Territory territory of the other Contracting Party cannot be expropriated, nationalized Nationalized or subjected to other measures having a similar effect (all such measures hereinafter referred to as «"expropriation»") except when the following conditions are fulfilled: (i) The expropriation shall be done for public interest and under domestic legal procedures; (ii) It shall not be discriminatory; (iii) It shall be done only against prompt, adequate effective compensation. 2. Such compensation shall amount to the market value of the investment, investment immediately before the date of expropriation and shall be paid without delay. The compensation shall include interest, computed from the first day following the date of expropriation until the date of payment, at a rate based on libor for the appropriate currency and corresponding period of time. The payment of such compensation shall be effectively realizable and freely transferable.

Expropriation and Compensation. 1. Investments made by Investors investors of one Contracting Party in the Territory territory of the other Contracting Party cannot be expropriated, nationalized or subjected to other measures having a similar effect (effect, all such measures hereinafter referred refereed to as «"expropriation») ", except when the following conditions are fulfilled: (i) The expropriation shall be done for public interest and under domestic legal procedures; (ii) It shall not be discriminatory; (iii) It shall be done only against compensation. 2. Such compensation shall amount to the market value of the investment, investment immediately before the date of expropriation and shall be paid without delay. The compensation shall include interest, computed from the first day following the date of expropriation until the date of payment, at a . At the commercial rate based on libor of interest for the appropriate currency and corresponding period of time. The payment of such compensation shall be effectively realizable and freely transferable.