Common use of Principle of Subrogation Clause in Contracts

Principle of Subrogation. 1- Where one Contracting Party has granted any financial security against non-commercial risks in respect of an investment in the territory of the other Contracting Party, the other contracting party shall recognize the rights of the first Contracting Party legal assignee by virtue of a legal document and it include all rights and claims of the party who received the compensation and recognize the right of the first party or its assignee to practice such right principle of subrogation to the rights of its nationals to the extent and limits practiced by the party guaranteed or compensated. 2- Any payments received by the first contracting party or its assignee in non-convertible currency according to gained rights and claims, shall be available for free disposal by the first contracting party for the purpose to cover any expenses occurs in the territory of the other contracting party.

Principle of Subrogation. 1- Where one Contracting Party has granted any financial security against non-non- commercial risks in respect of an investment in the territory of the other Contracting Party, the other contracting party shall recognize the rights of the first Contracting Party legal assignee by virtue of a legal document and it include all rights and claims of the party who received the compensation and recognize the right of the first party or its assignee to practice such right principle of subrogation to the rights of its nationals to the extent and limits practiced by the party guaranteed or compensated. 2- Any payments received by the first contracting party or its assignee in non-non- convertible currency according to gained rights and claims, shall be available for free disposal by the first contracting party for the purpose to cover any expenses occurs in the territory of the other contracting party.