Common use of Expropriation and Nationalization Clause in Contracts

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. Nationalisation, The expropriation or nationalization otre characteristics or any other measure of having similar nature and effect which effects that may be taken by the authorities of a one Contracting Party against investments of investors of the other Party contracting party in its territory territory, it shall be applied exclusively only for reasons of public utility interest, in accordance with the legal provisions laws and shall in no case shall be discriminatory. The Party which takes one of these the contracting party to take such measures shall pay be paid to the investor or his successor in titleits patient, without undue delay, adequate compensation in convertible currency.