Common use of Expropriation and Nationalization Clause in Contracts

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. Neither Contracting Party shall subject investments in its territory of nationals or companies of the other Contracting Party to the take any measures of expropriation, nationalization or any other similar measures except under having the same nature or the same effect against investments of Investors of the other Contracting Party unless the following conditionsconditions are complied with: (a) The measures are taken for a public purpose or interest and in conformity with legal provisionunder due process of law; (b) The measures are non-discriminatory, and against compensation;discriminator; and (c) The measures are taken against prompt, adequate and effective compensation. Such compensation shall be appropriate or tantamount amount to the market value of an investment the investments affected immediately before the measures of expropriation, expropriation or nationalization or other Similar measures are taken or became public knowledge. The compensation , and it shall be paid freely transferable in a freely convertible currency without undue from the Contracting Party. Any unreasonable delay and be freely transferable between the two Contracting Partiesin payment of compensation shall carry on interest at prevailing commercial rate as agreed upon by both parties unless such rate is prescribed by law.