Common use of Expropriation and Compensation Clause in Contracts

Expropriation and Compensation. Investments of investors of either Contracting Party shall not be nationalized, 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 a public purpose related to the internal needs of the expropriating Party, on a basis of non- discrimination and against prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before the expropriation or impending expropriation became public knowledge, shall be made without delay and shall include interest at LIBOR until the date of payment, be effectively realisable in convertible currency and be freely transferable. There shall be legal provision giving an investor concerned a right to prompt review of the legality of the measure taken against the investment and of their valuation in accordance with the principles set out in this paragraph by due process of law in the territory of the Contracing Party making the expropriation.

Appears in 14 contracts

Samples: Investment Protection Agreement, Investment Agreement, Investment Protection Agreement

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Expropriation and Compensation. Investments of investors of either Contracting Party shall not be nationalizednationalised, 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 a public purpose stated by law, related to the internal needs of the expropriating Party, on a basis of non- non-discrimination and against prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before the expropriation or impending expropriation became public knowledge, shall be made without delay and shall include interest at LIBOR a normal rate until the date of payment, be effectively realisable in convertible currency and be freely transferable. There shall be legal provision giving an investor concerned a right to prompt review of the legality of the measure taken against the investment and of their valuation in accordance with the principles set out in this paragraph by due process of law in the territory of the Contracing Contracting Party making the expropriation.

Appears in 13 contracts

Samples: Investment Agreement, Investment Agreement, Investment Protection Agreement

Expropriation and Compensation. Investments of investors of either Contracting Party shall not be nationalized, 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 a public purpose related to the internal needs of the expropriating Party, on a basis of non- discrimination nondiscrimination and against prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before the expropriation or impending expropriation became public knowledge, shall be made without delay and shall include interest at LIBOR until the date of payment, be effectively realisable in convertible currency and be freely transferable. There shall be legal provision giving an investor concerned a right to prompt review of the legality of the measure taken against the investment and of their valuation in accordance with the principles set out in this paragraph by due process of law in the territory of the Contracing Party making the expropriation.

Appears in 4 contracts

Samples: Investment Protection Agreement, Investment Protection Agreement, Investment Agreement

Expropriation and Compensation. Investments of investors of either Contracting Party shall not be nationalized, 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 a public purpose related to the internal needs of the expropriating Party, on a basis of non- discrimination and against prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before the expropriation or impending expropriation became public knowledge, shall be made without delay and shall include interest at LIBOR until the date of payment, be effectively realisable in convertible currency and be freely transferable. There shall be legal provision giving an investor concerned a right to prompt review of the legality of the measure taken against the investment and of their valuation in accordance with the principles set out in this paragraph by due process of law in the territory of the Contracing Contracting Party making the expropriation.

Appears in 3 contracts

Samples: Investment Protection Agreement, Investment Protection Agreement, Investment Protection Agreement

Expropriation and Compensation. Investments of investors of either Contracting Party shall not be nationalized, 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 a measures taken in the public purpose related to the internal needs of the expropriating Party, or national interest on a basis of non- non-discrimination and against prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before the expropriation or impending expropriation became public knowledge, shall be made without delay and shall include interest at LIBOR the normal market rate until the date of payment, be effectively realisable in convertible currency and be freely transferable. There shall be legal provision giving an investor concerned a right to prompt review of the legality of the measure taken against the investment and of their valuation in accordance with the principles set out in this paragraph by due process of law in the territory of the Contracing Contracting Party making the expropriation.

Appears in 3 contracts

Samples: Investment Protection Agreement, Investment Protection Agreement, Investment Protection Agreement

Expropriation and Compensation. Investments of investors of either by a Contracting Party shall not be nationalized, expropriated or subjected to measures having effect equivalent to nationalisation nationalization or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for Party, unless it serves a public purpose related to the expropriating party internal needs of the expropriating Party, and provided that this is done on a non- discriminatory basis of non- discrimination and against prompt, adequate and effective compensation. Such compensation shall amount to the market value of the expropriated investment expropriated immediately before the expropriation or impending expropriation became public knowledge, shall be made paid without delay and shall include bear interest at LIBOR a normal commercial rate until the date of payment, shall be effectively realisable freely transferable in a convertible currency and shall be freely transferable. There shall be legal provision giving an The affected investor concerned a right is statutory entitled to prompt review of immediately challenge the legality of the investment against the measure taken against the investment and of their the valuation in accordance with the present paragraph. principles set out in this paragraph laid down by due process of law in the territory action of the Contracing Party making the expropriationexpropriating Party.

Appears in 2 contracts

Samples: Investment Protection Agreement, Investment Protection Agreement

Expropriation and Compensation. Investments of investors of either Contracting Party shall not be nationalized, 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 a public purpose related to the internal needs of the expropriating Party, on a basis of non- discrimination and against prompt, prompt adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before the expropriation or impending expropriation became public knowledge, shall be made without delay and shall include interest at LIBOR until the date of payment, be effectively realisable in convertible currency and be freely transferable. There shall be legal provision giving an investor concerned a right to prompt review of the legality of the measure taken against the investment and of their valuation in accordance with the principles set out in this paragraph by due process of law in the territory of the Contracing Contracting Party making the expropriation.

Appears in 1 contract

Samples: Investment Protection Agreement

Expropriation and Compensation. Investments of investors of either Contracting Party shall not be expropriated, nationalized, expropriated requisitioned 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 a public purpose related to the internal needs of the expropriating Party, on a non-discriminatory basis of non- discrimination and against prompt, adequate and effective compensation. Such compensation shall amount to the market genuine value of the investment expropriated immediately before the expropriation or before the impending expropriation became public knowledge, whichever is the earlier, shall include interest calculated on the LIBOR basis until the date of payment shall be made without delay and shall include interest at LIBOR until the date of paymentunreasonable delay, be effectively realisable in convertible currency realizable and be freely transferable. There The investor affected shall be legal provision giving an investor concerned have a right right, under the law of the Contracting Party making the expropriation, to prompt review review, by a judicial or other independent authority of that Contracting Party, of his/its case and of the legality valuation of the measure taken against the his/its investment and of their valuation in accordance with the principles set out in this paragraph by due process of law in the territory of the Contracing Party making the expropriationparagraph.

Appears in 1 contract

Samples: Investment Protection Agreement

Expropriation and Compensation. Investments of investors of either Contracting Party shall not be nationalized, 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 a public purpose related to the internal needs of the expropriating Party, on a basis of non- discrimination and against prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before the expropriation or impending expropriation became public knowledge, shall be made without delay and shall include interest at LIBOR until the date of payment, be effectively realisable in convertible currency and be freely transferable. There The investor affected shall be legal provision giving an investor concerned a have the right to prompt review of the legality his or its case and of the measure taken against the investment and of their valuation in accordance with the principles set out in this paragraph by due process of law in the territory of the Contracing Party making the expropriation.

Appears in 1 contract

Samples: Investment Agreement

Expropriation and Compensation. Investments of investors of either Contracting Party shall not be nationalized, 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 a public purpose related to the internal needs of the expropriating Party, on a basis of non- discrimination and against prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before the expropriation or impending expropriation became public knowledge, shall be made without delay and shall include interest at LIBOR until the date of payment, be effectively realisable in convertible currency and be freely transferable. There shall be legal provision giving an investor concerned a right to prompt review of the legality of the measure taken against the investment and of their valuation in accordance with the principles set out in this paragraph by due process of law in the territory of the Contracing Contracting Party making the expropriation.

Appears in 1 contract

Samples: Investment Agreement

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Expropriation and Compensation. Investments of investors of either Contracting Party shall not be nationalized, expropriated or subjected to measures having effect equivalent to nationalisation nationalization or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purpose related to the internal needs of the expropriating Party, under due process of law, on a basis of non- non discrimination and against prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before the expropriation or impending expropriation became public knowledge, shall be made without delay and shall include interest at LIBOR normal commercial rate until the date of payment, be effectively realisable realizable in convertible currency and be freely transferable. There shall be legal provision giving an The investor concerned shall have a right to prompt review of the legality of the measure taken against the investment and of their its valuation in accordance with \vith the principles set out in this paragraph by due process of law in the territory of the Contracing Contracting Party making the expropriation.

Appears in 1 contract

Samples: Investment Protection Agreement

Expropriation and Compensation. Investments of investors of either Contracting Party shall not be nationalized, nationalized or 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 a public purpose related to the internal needs of the expropriating Party, on a basis of non- non-discrimination and against prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before the expropriation or impending expropriation became public knowledge, shall be made without delay and shall include interest at LIBOR until the date of payment, be effectively realisable realizable in convertible currency and be freely transferable. There shall be legal provision giving an investor concerned a right to prompt review of the legality of the measure taken against the investment and of their valuation in accordance with the principles set out in this paragraph section by due process of law in the territory of the Contracing Contracting Party making the expropriation.

Appears in 1 contract

Samples: Investment Agreement

Expropriation and Compensation. Investments of investors of either Contracting Party shall not be nationalized, expropriated or subjected to measures having effect equivalent to nationalisation nationalization or expropriation (hereinafter referred to as "»expropriation"«) in the territory of the other Contracting Party except for a public purpose related to the internal needs of the expropriating Party, on a basis of non- discrimination and against prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before the expropriation or impending expropriation became public knowledge, shall be made without delay and shall include interest at LIBOR normal commercial rate until the date of payment, be effectively realisable in convertible currency and be freely transferable. There shall be legal provision giving an The investor concerned shall have a right to prompt review of the legality of the measure taken against the investment and of their its valuation in accordance with the principles set out in this paragraph by due process of law in the territory of the Contracing Contracting Party making the expropriation.

Appears in 1 contract

Samples: Investment Protection Agreement

Expropriation and Compensation. Investments of investors of either Contracting Party shall not be nationalizednationalised, 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 a public purpose stated by law, related to the internal needs of the expropriating Party, on a basis of non- non-discrimination and against prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before the expropriation or impending expropriation became public knowledge, shall be made without delay and shall include interest at LIBOR a normal rate until the date of payment, be effectively realisable in convertible currency and be freely transferable. There shall be legal provision giving an investor concerned a right to prompt review of the legality of the measure taken against "the investment and of their valuation in accordance with the principles set out in this paragraph by due process of law in the territory of the Contracing Contracting Party making the expropriation.

Appears in 1 contract

Samples: Investment Agreement

Expropriation and Compensation. Investments of investors of either Contracting Party shall not be nationalized, 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 a measures taken in the public purpose related to the internal needs of the expropriating Party, or national interest on a basis of non- non-discrimination and against prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before the expropriation or impending expropriation became public knowledge, shall be made without delay and shall include interest at LIBOR the normal market rate until the date of payment, be effectively realisable in convertible currency and be freely transferable. There shall be legal provision giving an investor concerned a right to prompt review of the legality of the measure taken against the investment and of their valuation in accordance with the principles set out in this paragraph by due process of law in the territory of the Contracing Party making the expropriation.

Appears in 1 contract

Samples: Investment Protection Agreement

Expropriation and Compensation. Investments of investors of either Contracting Party shall not be nationalized, expropriated or subjected to measures having effect equivalent to nationalisation nationalization or expropriation (hereinafter referred to as "»expropriation"«) in the territory of the other Contracting Party except for a measures taken in the public purpose related to the internal needs of the expropriating Partyor national interest, on a the basis of non- non-discrimination and against prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before the expropriation or impending expropriation became public knowledge, shall be made without delay and shall include interest at LIBOR normal market rate until the date of payment, be effectively realisable realizable in convertible currency and be freely transferable. There shall be legal provision giving an investor concerned a right to prompt review of the legality of the measure taken against the investment and of their its valuation in accordance with the principles set out in this paragraph by due process of law in the territory of the Contracing Contracting Party making the expropriation.

Appears in 1 contract

Samples: Investment Protection Agreement

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