Expropriation and Nationalization. Nationalisation, expropriation or any other measure of similar nature and effect which may be taken by the authorities of a Party against investments of investors of the other Party in its territory shall be applied exclusively for reasons of public utility in accordance with the legal provisions and shall in no case be discriminatory. The Party which takes one of these measures shall pay the investor or his successor in title, without undue delay, adequate compensation in convertible currency.
Expropriation and Nationalization. 1 The expropriation or nationalization or any other measures having similar effects that may be taken by the authorities of one Contracting Party against investments of investors of the other contracting party in its territory, it shall be applied only for reasons of public purpose in accordance with the laws and in no case shall be discriminatory. The contracting party to take such measures shall be paid to the investor or its patient, without undue delay, adequate compensation, convertible and freely transferable.
Expropriation and Nationalization. Neither Contracting Party shall subject investments in its territory of nationals or companies of the other Contracting Party to the measures of expropriation, nationalization or other similar measures except under the following conditions:
(a) The measures are taken for a public purpose and in conformity with legal provision;
(b) The measures are non-discriminatory, and against compensation;
(c) The compensation shall be appropriate or tantamount to the value of an investment immediately before the measures of expropriation, nationalization or other Similar measures are taken or became public knowledge. The compensation shall be paid in a freely convertible currency without undue delay and be freely transferable between the two Contracting Parties.
Expropriation and Nationalization. 1. Investments of investors of one Contracting Party in the territory of the other Contracting Party shall not be subjected to any expropriation or nationalization or any other measures having similar effects (hereinafter expropriation) except for public purposes, under due process of law, on a non-discriminatory basis and accompanied by payment of prompt, effective and adequate compensation.
2. The compensation shall be equivalent to the market value of the expropriated investment immediately before it shall take the measure of expropriation was formally notified the impending or before the same public notice, whichever comes first (hereinafter referred to as the valuation date).
3. The market value shall be calculated in freely convertible currency at the rate of exchange prevailing for that currency on the valuation date. the compensation shall include at a commercial interest rate according to market criteria established for that currency from the date of expropriation until the date of payment. The compensation shall be paid without delay, be effectively realizable and freely transferable.
4. The Investor affected shall have a right under the law of the contracting party making the expropriation, to prompt review of their case by a judicial authority or another competent and independent authority of that Contracting Party to determine whether such expropriation and the valuation of its investment have been adopted in accordance with the principles set out in this article.
5. If a Contracting Party expropriates the assets of a company which is constituted in its territory in accordance with its applicable laws and in which there is a participation of investors of the other Contracting Party, the first Contracting Party shall ensure that the provisions of this Article are applied so as to guarantee such investors to prompt, effective and adequate compensation.
Expropriation and Nationalization. 1. The nationalization, expropriation or any other measure of similar characteristics or effects that may be applied by the authorities of one Contracting Party against the investments in its own territory of investors of the other Contracting Party must be applied exclusively for reasons of public interest, pursuant to the law, and shall in no case be discriminatory. The Contracting Party adopting such measures shall pay to the investor or his legal beneficiary, without unjustified delay, an adequate indemnity in convertible and freely transferable currency.
2. Such compensation shall amount to the market value of the investment expropriated immediately before the expropriation or impending expropriation became public knowledge.
Expropriation and Nationalization. Neither of the Contracting Parties shall take measures of expropriation, nationalization or dispossession, having other effect equivalent to the investment against expropriation or nationalization of investors of the other contracting party except when the following conditions are met:
a) Where the measures are taken for a public or lawful purpose and shall follow the relevant legal procedures;
b) Where the measures are not discriminatory;
c) Where the measures are accompanied by provisions for the payment of prompt, adequate and effective compensation to the investor or their successors. such compensation shall be equivalent to the market value of the investments have affected immediately before the measure of dispossession outside public knowledge, and shall be freely transferable in freely convertible currency from that Contracting Party. any unreasonable delay in payment of compensation shall entail the payment of interest at the prevailing commercial rate as agreed upon by both parties unless such rate is prescribed by law.
Expropriation and Nationalization. 1 Returns of investments of investments or investors of one Contracting Party in the territory of the other Contracting Party shall not be subjected to any expropriation or nationalization or any other measures having equivalent effect (hereinafter referred to as expropriation) except that any such measures are taken for reasons of public interest or public purpose in accordance with the laws, on a non-discriminatory basis and shall be accompanied by the payment of prompt, effective and adequate compensation. 2 The compensation shall be equivalent to the fair market value of the expropriated investment immediately before it shall take the measure of expropriation or before the impending the same public notice, whichever comes first (hereinafter "Valuation date). the compensation shall be paid without delay, be effectively and realizable libre-mente transferable. 3 The fair market value shall be calculated in a freely convertible currency at the rate of exchange prevailing for that currency on the valuation date. the compensation shall include at a commercial interest rate according to criteria established for that currency market, until the date of payment.
Expropriation and Nationalization. 1 The expropriation or nationalization characteristics or any other measure having similar effects (hereinafter expropriation) that may be taken by the authorities of one Contracting Party against investments made in its territory by investors of the other Contracting Party, shall be applied only for reasons of public interest, according to the law, on a non-discriminatory basis and accompanied by payment to the investor or its successor of prompt, effective and adequate compensation. 2 Such compensation shall be equivalent to the market value of the expropriated investment was immediately before the impending expropriation or the same became public knowledge.
Expropriation and Nationalization. 1. The expropriation or nationalization or any other measures having similar characteristics and effects of that may be taken by the authorities of one Contracting Party against investments of investors of the other contracting party in its territory, it shall be applied only for reasons of public purpose in accordance with the laws and in no case shall be discriminatory.
2. The expropriation or nationalization or any other measures having similar effects that could be taken shall give rise to payment of adequate compensation, in convertible currency and without undue delay. the amount of compensation shall be equivalent to the real value of the investment was on the day before the date on which the measures taken or are publicly known.
3. At the request of the investor, affected the legality of expropriation, nationalization or any other measures having similar effects and the amount and terms of payment of compensation may be reviewed by any competent jurisdiction, in accordance with the legislation of the Contracting Party in the territory of which the investment has been made.
Expropriation and Nationalization. 1. Neither of the Contracting Parties shall take measures of expropriation, nationalization or any other measures having the same nature or the same effect against investments of investors of the other Contracting Party (hereinafter referred to as “expropriation”), unless the measures are taken in the public interest, on a non-discriminatory basis and under due process of law, and provided that provisions be made for prompt, effective and adequate compensation.
2. Such compensation shall amount to the market value of the investment expropriated immediately before the expropriatory action was taken or became public knowledge in such way as to affect the value of the investment, whichever is earlier. The amount of compensation shall include interest at a normal commercial rate from the date of dispossession until the date of payment, shall be settled in a freely convertible currency, be paid without delay and be freely transferable.
3. The investor affected shall have a right, under the law of the Contracting Party making the expropriation, to prompt review, by a judicial or other independent authority of that Contracting Party, of his case and of the valuation of his investment in accordance with the principles set out in this Article.
