Common use of Compensation for Expropriation Clause in Contracts

Compensation for Expropriation. 1. Investments shall not be expropriated, nationalized or subject, directly or indirectly, to measures of similar effects (hereinafter referred as expropriation) except for a public purpose, in a non-discriminatory manner, upon payment of prompt, adequate and effective compensation, and in accordance with due process of law and the general principles of treatment provided for in Article 3 of this Agreement. !

Appears in 4 contracts

Sources: Investment Promotion and Protection Agreement, Investment Agreement, Investment Promotion and Protection Agreement