Common use of Expropriation, Compensation Clause in Contracts

Expropriation, Compensation. 1. Neither Contracting Party shall expropriate nationalize or take similar measures (hereinafter referred to as 'expropriation') against investments of investors of the other Contracting Party in its territory, unless the following conditions are met: (a) for the public interests; (b) under domestic legal procedures; (c) without discrimination; (d) against compensation. 2. The compensation mentioned in Xxxxxxxxx 0, (x) of this Article shall be equivalent to the market value of the expropriated investments immediately before expropriation is proclaimed, be convertible and freely transferable. The compensation shall be paid without unreasonable delay. 3. The investor affected shall have the right, to prompt review, by a judicial or other competent authority of that Contracting Party, of this or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.

Expropriation, Compensation. 1. Neither Contracting Party shall expropriate nationalize or take similar measures (hereinafter referred to as '[“]expropriation'[”]) against investments of investors of the other Contracting Party in its territory, unless the following conditions are met: (a) for the public interests; (b) under domestic legal procedures; (c) without discrimination; (d) against compensation. 2. The compensation mentioned in Xxxxxxxxx 0, (x) of this Article shall be equivalent to the market value of the expropriated investments immediately before expropriation is proclaimed, be convertible and freely transferable. The compensation shall be paid without unreasonable delay. 3. The investor affected shall have the right, to prompt review, by a judicial or other competent authority of that Contracting Party, of this or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.