Protection from Strife. 3.1 An investor of a Contracting Party which has suffered losses relating to its investment in the territory of an another Contracting Party due to war or other armed conflict, state of emergency, revolution, insurrection, civil disturbance, or any other similar event in the territory of the latter Contracting Party, shall be accorded by the latter Contracting Party, as regards restitution, indemnification, compensation or any other settlement, treatment no less favourable than that which it accords to its own investors or to investors of any third State, whichever is most favourable to the investor. 3.2 Notwithstanding Article 3.1, an investor of a Contracting Party which, in any of the situations referred to in that paragraph, suffers a loss in the territory of another Contracting Party resulting from: (a) requisitioning of its investment or part thereof by the latter's forces or authorities, or (b) destruction of its investment or part thereof by the latter's forces or authorities, which was not required by the necessity of the situation, shall be accorded by the latter Contracting Party restitution or compensation which in either case shall be prompt, adequate and effective and, with respect to compensation, shall be in accordance with Articles 2.1 to 2.5.
Appears in 2 contracts
Samples: International Investment Agreement, International Agreement on Investment
Protection from Strife. 3.1 3.1. An investor of a Contracting Party which has suffered losses relating to its investment in the territory of an another Contracting Party due to war or to other armed conflict, state of emergency, revolution, insurrection, civil disturbance, or any other similar event in the territory of the latter Contracting Party, shall be accorded by the latter Contracting Party, as regards restitution, indemnification, compensation or any other settlement, treatment no less favourable than that which it accords to its own investors or to investors of any third State, whichever is most favourable to the investor.
3.2 3.2. Notwithstanding Article 3.1, an investor of a Contracting Party which, in any of the situations referred to in that paragraph, suffers a loss in the territory of another Contracting Party resulting from:
(a) requisitioning of its investment or part thereof by the latter's ’s forces or authorities, or
(b) destruction of its investment or part thereof by the latter's ’s forces or authorities, which was not required by the necessity of the situation, shall be accorded by the latter Contracting Party restitution or compensation which in either case shall be prompt, adequate and effective and, with respect to compensation, shall be in accordance with Articles 2.1 to 2.5.
Appears in 2 contracts
Samples: Multilateral Agreement on Investment, Multilateral Agreement on Investment
Protection from Strife. 3.1 (1) An investor of a Contracting Party which has suffered losses a loss relating to its investment in the territory of an another the other Contracting Party due to war or to other armed conflict, state of emergency, revolution, insurrection, civil disturbance, or any other similar event in the territory of the latter Contracting Party, shall be accorded by the latter Contracting Party, as regards restitution, indemnification, compensation or any other settlement, treatment no less favourable than that which it accords to its own investors or to investors of any third Statestate, whichever is most favourable to the investor.
3.2 Notwithstanding Article 3.1, an (2) An investor of a Contracting Party which, who in any of the situations events referred to in that paragraph (1) suffers loss resulting from:paragraph,
(1) suffers a loss in the territory of another Contracting Party resulting from:
(a) requisitioning Requisitioning of its investment or part thereof by the latter's forces or authoritiesauthorities of the other Contracting Party, or
(b) destruction Destruction of its investment or part thereof by the latter's forces or authoritiesauthorities of the other Contracting Party, which was not required by the necessity of the situation, shall in any case be accorded by the latter Contracting Party restitution or compensation which in either case shall be prompt, adequate and effective and, with respect to compensation, shall be in accordance with Articles 2.1 to 2.5Article 5 (2) and (3).Article 5 (2) and (3).
Appears in 1 contract
Samples: Investment Agreement