Common use of Expropriation Clause in Contracts

Expropriation. 1. Neither Contracting Party shall take any measure of expropriation, nationalization or other measures having effect equivalent to nationalization or expropriation (hereinafter referred to as "expropriation") against the investment of nationals or companies of the other Contracting Party unless the measures are taken for any purpose authorised bylaw, on a nondiscriminatory basis, in accordance with its laws and against compensation which shall be effectively realisable and shall be made without unreasonable delay. Such compensation, shall, subject to the laws of each Contracting Party, be the value immediately before the expropriation. The compensation shall be freely convertible and transferable. 2. Any measure of expropriation or valuation may, at the request of the national or company affected, be reviewed by a judicial or other independent authority of the Contracting Party taking the measures in the manner prescribed by its laws. 3. Where a Contracting Party expropriates the assets of a company which is incorporated or constituted under the laws in force in any part of its own territory, and in which nationals or companies of the other Contracting Party own shares, it shall ensure that the provisions of paragraph 1 of this Article are applied to the extent necessary to guarantee compensation as specified therein to such nationals or companies of the other Contracting Party who are owners of those shares.

Appears in 76 contracts

Samples: Agreement on the Promotion and Protection of Investments, Agreement on the Promotion and Protection of Investments, Agreement on the Promotion and Protection of Investments

AutoNDA by SimpleDocs

Expropriation. 1. Neither Contracting Party shall take any measure of expropriation, nationalization or other measures having the effect equivalent to nationalization or expropriation (hereinafter referred to as "expropriation") against the investment of nationals or companies of the other Contracting Party unless the measures are taken for any purpose authorised bylawby law, on a nondiscriminatory non-discriminatory basis, in accordance with its laws and against compensation which shall be effectively realisable and shall be made without unreasonable delay. Such compensation, shall, subject to the laws of each Contracting Party, be the value immediately before the expropriation. The compensation shall be freely convertible and transferable. 2. Any measure of expropriation or valuation may, at the request of the national or company affected, be reviewed by a judicial or other independent authority of the Contracting Party taking the measures in the manner prescribed by its laws. 3. Where a Contracting Party expropriates the assets of a company which is incorporated or constituted under the laws in force in any part of its own territory, and in which nationals or companies of the other Contracting Party own shares, it shall ensure that the provisions of paragraph 1 of this Article are applied to the extent necessary to guarantee compensation as specified therein to such nationals or companies of the other Contracting Party who are owners of those shares.

Appears in 9 contracts

Samples: Investment Agreement, Investment Agreement, Investment Agreement

Expropriation. 1. Neither Contracting Party shall take any measure of expropriation, nationalization or other measures having effect equivalent to nationalization or expropriation (hereinafter referred to as "expropriation") against the investment of nationals or companies of the other Contracting Party unless the measures are taken for any purpose authorised bylawby law, on a nondiscriminatory non-discriminatory basis, in accordance with its laws and against compensation which shall be effectively realisable and shall be made without unreasonable delay. Such compensation, shall, subject to the laws of each Contracting Party, be the value immediately before the expropriation. The compensation shall be freely convertible and transferable. 2. Any measure of expropriation or valuation may, at the request of the national or company affected, be reviewed by a judicial or other independent authority of the Contracting Party taking the measures in the manner prescribed by its laws. 3. Where a Contracting Party Parry expropriates the assets of a company which is incorporated or constituted under the laws in force in any part of its own territory, and in which nationals or companies of the other Contracting Party own shares, it shall ensure that the provisions of paragraph 1 of this Article are applied to the extent necessary to guarantee compensation as specified therein to such nationals or companies of the other Contracting Party who are owners of those shares.

Appears in 8 contracts

Samples: Investment Agreement, Investment Agreement, Investment Agreement

Expropriation. 1. Neither Contracting Party shall take any measure of expropriation, nationalization or other measures having effect equivalent to nationalization or expropriation (hereinafter referred to as "expropriation") against the investment of nationals or companies investors of the other Contracting Party unless the measures are taken for any purpose authorised bylawauthorized by law, on a nondiscriminatory non-discriminatory basis, in accordance with its laws and against compensation which shall be effectively realisable realizable and shall be made without unreasonable delay. Such compensation, shall, subject to the laws of each Contracting Party, be the market value immediately before the expropriation. The Any resulting compensation shall be freely convertible and transferable. 2. Any measure of expropriation or valuation may, at the request of the national or company investor affected, be reviewed by a judicial or other independent authority of the Contracting Party taking the measures measure in the manner prescribed by its laws. 3. Where a Contracting Party expropriates the assets of a company which is incorporated or constituted under the laws in force in any part lart of its own territory, and in which nationals or companies investors of the other Contracting Party own shares, it shall ensure that the provisions of paragraph 1 of this Article are applied to the extent necessary to guarantee compensation as specified therein to such nationals or companies investors of the other Contracting Party who are owners of those shares.

Appears in 3 contracts

Samples: Investment Protection Agreement, Investment Agreement, Investment Agreement

Expropriation. 1. Neither Contracting Party shall take any measure of expropriation, nationalization or other measures having effect equivalent to nationalization or expropriation (hereinafter referred to as "expropriation") against the investment of nationals or companies investors of the other Contracting Party unless the measures are taken for any purpose authorised bylawby law, on a nondiscriminatory non-discriminatory basis, in accordance with its laws and against compensation which shall be effectively realisable and shall be made without unreasonable delay. Such compensation, shall, subject to the laws of each Contracting Party, be the value immediately before the expropriation. The compensation shall be freely convertible and transferable. 2. Any measure of expropriation or valuation may, at the request of the national or company investor affected, be reviewed by a judicial or other independent authority of the Contracting Party taking the measures in the manner prescribed by its laws. 3. Where a Contracting Party expropriates the assets of a company which is incorporated or constituted under the laws in force in any part of its own territory, and in which nationals or companies investors of the other Contracting Party own shares, it shall ensure that the provisions of paragraph 1 of this Article are applied to the extent necessary to guarantee compensation as specified therein to such nationals or companies investors of the other Contracting Party who are owners of those shares.

Appears in 2 contracts

Samples: Investment Agreement, Bilateral Investment Treaty

Expropriation. 1. Neither Contracting Party shall take any measure of expropriation, nationalization or other measures having effect equivalent to nationalization or expropriation (hereinafter referred to as "expropriation") against the investment of nationals or companies of the other Contracting Party unless the measures are taken for any purpose authorised bylawauthorized by law, on a nondiscriminatory non-discriminatory basis, in accordance with its laws and against compensation which shall be effectively realisable and shall be made without unreasonable delay. Such compensation, compensation shall, subject to the laws of each Contracting Party, be the value immediately before the expropriation. The compensation shall be freely convertible and transferable. 2. Any The legality of any measure of expropriation or valuation may, may at the request of the national or company affected, affected be reviewed by a judicial or other independent authority the competent court of the Contracting Party taking the measures in the manner prescribed by its laws. 3. Where a Contracting Party expropriates the assets of a company which is incorporated or constituted under the laws in force in any part of its own territory, and in which nationals or companies of the other Contracting Party own shares, it shall ensure that the provisions of paragraph 1 (1) of this Article are applied to the extent necessary to guarantee compensation as specified therein to such nationals or companies of the other Contracting Party who are owners of those shares.

Appears in 2 contracts

Samples: Reciprocal Promotion and Protection of Investments Agreement, Reciprocal Promotion and Protection of Investments Agreement

Expropriation. (1. ) Neither Contracting Party shall take any measure of expropriation, nationalization or other measures having effect equivalent to nationalization or expropriation (hereinafter referred to as "expropriation") against the investment of nationals or companies of the other Contracting Party unless the measures are taken for any purpose authorised bylawby law, on a nondiscriminatory basis, in accordance with its laws and against compensation which shall be effectively realisable and shall be made without unreasonable delay. Such compensation, compensation shall, subject to the laws of each Contracting Party, be the value immediately before the expropriation. The compensation shall be freely convertible and transferable. (2. ) Any measure of expropriation or valuation may, at the request of the national or company affected, be reviewed by a judicial or other independent authority of the Contracting Party taking the measures in the manner prescribed by its laws. (3. ) Where a Contracting Party expropriates the assets of a company which is incorporated or constituted under the laws in force in any part of its own territory, and in which nationals or companies of the other Contracting Party own shares, it shall ensure that the provisions of paragraph 1 l of this Article are applied to the extent necessary to guarantee compensation as specified therein to such nationals or companies of the other Contracting Party who are owners of those shares.

Appears in 2 contracts

Samples: Investment Agreement, Investment Promotion and Protection Agreement

Expropriation. 1. Neither Contracting Party shall take any measure of expropriation, nationalization or other measures having effect equivalent to nationalization or expropriation (hereinafter referred to as "expropriation") against the investment of nationals or companies investors of the other Contracting Party unless the measures are taken for any purpose authorised bylawby law, on a nondiscriminatory non-discriminatory basis, in accordance with its laws and against compensation which shall be effectively realisable and shall be made without unreasonable delay. Such compensation, shall, subject to the laws of each Contracting Party, be the value immediately before the expropriation. The compensation shall be freely convertible and transferable. 2. Any measure of expropriation or valuation may, at the request of the national or company investor affected, be reviewed by a judicial or other independent authority of the Contracting Party taking the measures in the manner prescribed by its laws. 3. Where a Contracting Party expropriates the assets of a company which is incorporated or constituted under the laws in force in any part of its own territory, and in which nationals or companies investors of the other Contracting Party own shares, it shall ensure that the provisions of paragraph 1 of this Article are applied to the extent necessary to guarantee compensation as specified therein to such nationals or companies investors of the other Contracting Party who are owners of those shares.

Appears in 1 contract

Samples: Investment Protection Agreement

Expropriation. 11 . Neither Contracting Party shall take any measure of expropriation, nationalization or other measures having effect equivalent to nationalization or expropriation (hereinafter referred to as "expropriation") against the investment investments of nationals or companies investors of the other Contracting Party unless the measures are taken for any purpose authorised bylawauthorized by law, on a nondiscriminatory basisbases, in accordance with its laws and against compensation which shall be effectively realisable realizable and shall be made without unreasonable delay. Such compensation, compensation shall, subject to the laws of each Contracting Party, be the value immediately before the expropriationexpropriation became public knowledge. The compensation shall be freely convertible and transferable. 22 . Any measure of expropriation or valuation may, at the request of the national or company investor affected, be reviewed by a judicial or other independent authority of the Contracting Party taking the measures in the manner prescribed by its laws. 33 . Where a Contracting Party expropriates the assets of a company which is incorporated or constituted under the laws in force in any part of its own territory, and in which nationals or companies investors of the other Contracting Party own shares, it shall ensure that the provisions of paragraph 1 of this Article are applied to the extent necessary to guarantee compensation as specified therein to such nationals or companies investors of the other Contracting Party who are owners of those shares.

Appears in 1 contract

Samples: Investment Agreement

AutoNDA by SimpleDocs

Expropriation. 1. Neither Contracting Party shall take any measure of expropriation, nationalization or other measures having effect equivalent to nationalization or expropriation (hereinafter referred to as "expropriation") against the investment of nationals or companies of the other Contracting Party unless the measures are taken for any purpose authorised bylaw, by law on a nondiscriminatory basis, non-discriminatory basis in accordance with its laws and against compensation which shall be effectively realisable realizable and shall be made without unreasonable delay. Such compensation, compensation shall, subject to the laws of each Contracting Party, be the value immediately before the expropriation. The compensation shall be freely convertible and transferable. 2. Any measure of expropriation or valuation may, at the request of the national or company affected, be reviewed by a judicial or other independent authority of the Contracting Party taking the measures in the manner prescribed by its laws. 3. Where a Contracting Party expropriates the assets of a company which is incorporated or constituted under the laws in force in any part of its own territory, and in which nationals or companies of the other Contracting Party own shares, it shall ensure that the provisions of paragraph 1 of this Article are applied to the extent necessary to guarantee compensation as specified therein to such nationals or companies of the other Contracting Party who are owners of those shares.

Appears in 1 contract

Samples: Agreement Between the Government of the Republic of Latvia and the Government of the Republic of Singapore on the Promotion and Protection of Investments

Expropriation. 1. Neither Contracting Party shall take any measure of expropriation, nationalization or other measures having effect equivalent to nationalization or expropriation (hereinafter referred to as "expropriation") against the investment of nationals or companies of the other Contracting Party unless the measures are taken for any purpose authorised bylawby law, on a nondiscriminatory non-discriminatory basis, in accordance with its laws and against compensation which shall be effectively realisable and shall be made without unreasonable delay. Such compensation, compensation shall, subject to the laws of each Contracting Party, be the value immediately before the expropriation. The compensation shall be freely convertible and transferable. 2. Any measure of expropriation or valuation may, at the request of the national or company affected, be reviewed by a judicial or other independent authority of the Contracting Party taking the measures in the manner prescribed by its laws. 3. Where a Contracting Party expropriates the assets of a company which is incorporated or constituted under the laws in force in any part of its own territory, and in which nationals or companies of the other Contracting Party own shares, it shall ensure that the provisions of paragraph 1 of this Article are applied to the extent necessary to guarantee compensation as specified therein to such nationals or companies of the other Contracting Party who are owners of those shares.

Appears in 1 contract

Samples: Investment Agreement

Expropriation. 1. Neither Contracting Party shall take any measure of expropriation, nationalization or other measures having effect equivalent to nationalization or expropriation (hereinafter referred to as "expropriation") against the investment of nationals or companies of the other Contracting Party unless the measures are taken for any purpose authorised bylawauthorized by law, on a nondiscriminatory non- discriminatory basis, in accordance with its laws and against compensation which shall be effectively realisable and shall be made without unreasonable delay. Such compensation, compensation shall, subject to the laws of each Contracting Party, be the value immediately before the expropriation. The compensation shall be freely convertible and transferable. 2. Any The legality of any measure of expropriation or valuation may, may at the request of the national or company affected, affected be reviewed by a judicial or other independent authority the competent court of the Contracting Party taking the measures in the manner prescribed by its laws. 3. Where a Contracting Party expropriates the assets of a company which is incorporated or constituted under the laws in force in any part of its own territory, and in which nationals or companies of the other Contracting Party own shares, it shall ensure that the provisions of paragraph 1 (1) of this Article are applied to the extent necessary to guarantee compensation as specified therein to such nationals or companies of the other Contracting Party who are owners of those shares.paragraph (1) of this Article are applied to the extent necessary to guarantee compensation as specified therein to such nationals or companies of the other Contracting Party who are owners of those shares.

Appears in 1 contract

Samples: Investment Agreement

Expropriation. 1. Neither Contracting Party shall take any measure of expropriation, nationalization or other measures having effect equivalent to nationalization or expropriation (hereinafter referred to as "expropriation") against the investment of nationals or companies investors of the other Contracting Party unless the measures are taken for any purpose authorised bylawby law, on a nondiscriminatory non-discriminatory basis, in accordance with its laws and against compensation which shall be effectively realisable and shall be made without unreasonable delay. Such compensation, shall, subject to the laws of each Contracting Party, be the value immediately before the expropriation. The compensation shall be freely convertible and transferable. 2. Any measure of expropriation or valuation may, at the request of the national or company investor affected, be reviewed by a judicial or other independent authority of the Contracting Party taking the measures in the manner prescribed by its laws. 3. Where a Contracting Party expropriates the assets of a company which is incorporated or constituted under the laws in force in any part of its own territory, and in which nationals or companies investors of the other Contracting Party own shares, it shall ensure that the provisions of paragraph 1 of this Article are applied to the extent necessary to guarantee compensation as specified therein to such nationals or companies investors of the other Contracting Party who are owners of those shares.

Appears in 1 contract

Samples: Investment Promotion and Protection Agreement

Expropriation. 1. Neither Contracting Party shall take any measure of expropriation, nationalization nationalisation or other measures having effect equivalent to nationalization nationalisation or expropriation (hereinafter referred to as "expropriation") against the investment of nationals or companies investors of the other Contracting Party unless the measures are taken for any purpose authorised bylawby law, on a nondiscriminatory non-discriminatory basis, in accordance with its laws and against compensation which shall be effectively realisable and shall be made without unreasonable delay. Such compensation, shall, subject to the laws of each Contracting Party, be the market value immediately before the expropriation. The compensation shall be freely convertible and transferable. 2. Any measure of expropriation or valuation may, at the request of the national or company investors affected, be reviewed by a judicial or other independent authority of the Contracting Party taking the measures in the manner prescribed by its laws. 3. Where a Contracting Party expropriates the assets of a company which is incorporated or constituted under the laws in force in any part of its own territory, and in which nationals or companies investors of the other Contracting Party own shares, it shall ensure that the provisions of paragraph 1 of this Article are applied to the extent necessary to guarantee compensation as specified therein to such nationals or companies investors of the other Contracting Party who are owners of those shares.

Appears in 1 contract

Samples: Investment Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!