Where a Contracting Party Clause Samples
The 'Where a Contracting Party' clause typically introduces conditions or obligations that apply specifically to one of the parties involved in a contract. It sets out scenarios or actions that trigger certain rights, duties, or consequences for that party, such as requirements to notify, perform, or refrain from specific conduct. This clause is essential for clarifying which party is responsible for particular actions or outcomes, thereby ensuring that contractual responsibilities are clearly allocated and understood.
Where a Contracting Party expropriates the assets of a company which is incorporated or constituted under the law in force in any part of its own territory, and in which investors of the other Contracting Party own shares, it shall ensure that the provisions of this Article are applied so as to guarantee prompt, adequate and effective compensation in respect of their investment to such investors of the other Contracting Party who are owners of those shares.
Where a Contracting Party expropriates the assets of a company which is incorporated or constituted under its laws and regulations, and in which investors of the other Contracting Party participate or own shares or debentures, the provisions of this Article shall be applied.
Where a Contracting Party expropriates the assets of a company established in its territory, the company in which investors of the other Contracting Party own shares, the former Contracting Party shall apply the provisions of paragraphs 1, 2, and 3 of this Article, to the investors of the other Contracting Party who own these shares.
Where a Contracting Party expropriates the assets of a company which is incorporated or constituted under its laws and regulations and in which investors of the other Contracting Party participate or own shares, the former Contracting Party shall ensure that the provisions of
Where a Contracting Party expropriates the assets of a company which is incorporated or constituted under the law in force in any part of its territory, and in which investors of the other Contracting Party own shares, it shall ensure that the provisions of Article 5.1 herein are applied so as to guarantee prompt, adequate and effective compensation in respect of their investment to such investors of the other Contracting Party who are owners of those shares.
Where a Contracting Party expropriates the assets of a company which is incorporated or constituted under the law in force in any part of its own territory and in which investors of the other Contracting Party own shares or debentures, it shall ensure that the provisions of paragraph (1) of this Article are applied to the extent necessary to guarantee prompt, adequate and effective compensation in respect of their investment of such investors of the other Contracting Party who are owners of those shares or debentures.paragraph (1) of this Article are applied to the extent necessary to guarantee prompt, adequate and effective compensation in respect of their investment of such investors of the other Contracting Party who are owners of those shares or debentures.
Where a Contracting Party expropriates the assets of a body, with or without legal personality, referred to in Articles 1(3) (a)(ii) or 1(3)(b)(ii) which is incorporated or consutuied under the laws in force in any part of its own territory, and in which investors of ihe uther 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 investors of the other Contracting Party who are owners of those shares.
Where a Contracting Party expropriates the assets of a legal entity that is constituted in its territory' according to its laws and regulations and in which investors of the other Contracting Paity participate, it shall ensure that the provisions of this Article are applied in a way that it guarantees such. investors adequate and effective compensation.
1. The movable and immovable assets of either Contracting Party, or local governments or local authorities shall not be subjected to nationalization, expropriation, or sequestration directly or indirectly and should be immiune from the jurisdiction of the local courts in either of contracting Parties.
2. Government assets shall not be subject to any of the above mentioned measures by any third party and shall be immuned from the jurisdiction of the local courts.
Where a Contracting Party charges a person with an offence and the competent authorities of that Contracting Party have reason to believe that the charge relates to the same acts as those in respect of which the personIs trial has been finally disposed of in another Contracting Party, those authorities shall, if they deem it necessary, request the relevant information from the competent authorities of the Contracting Party in whose territory judgment has already been delivered.