Common use of Expropriation and Compensation Clause in Contracts

Expropriation and Compensation. (1) Neither Contracting Party shall take any measures depriving, directly or indirectly, to uninversionista of the other contracting party of an investment unless the following conditions are complied with: (a) Measures taken in the public interest and under due process; (b) Clear and non-discriminatory measures; and (c) Measures are accompanied by provisions for the payment of prompt, adequate compensation yefectiva, which shall be transferable without delay in a freely convertible currency. (2) The provisions of paragraph (1) of this article shall also apply to the returns of unainversión and, in the event of liquidation, to the proceeds from the liquidation. (3) Investors of either Contracting Party who suffer losses of their inversionesen the territory of the other contracting party owing to war or other armed conflict, a national state of emergency, revolt, insurrection or disturbance, shall be accorded, with respect to restitution, indemnification, compensation or other settlement, a treatment no less favourable than that accorded to its own investors to investors or of any third State. resulting payments shall be transferable without delay in a freely convertible currency.

Appears in 30 contracts

Sources: Investment Agreement, Investment Agreement, Investment Agreement

Expropriation and Compensation. (1) Neither Contracting Party shall take any measures depriving, directly or indirectly, to uninversionista an investor of the other contracting party Contracting Party of an investment investment, unless the following conditions are complied with: (a) Measures The measures are taken in the public interest and under due processprocess of law; (b) Clear The measures are distinct and non-discriminatory measuresnot discriminatory; and (c) Measures The measures are accompanied by provisions for the payment of prompt, adequate compensation yefectivaand effective compensation, which shall be transferable without delay in a freely convertible currency. (2) The provisions of paragraph Paragraph (1) of this article Article shall also apply to the returns of unainversión andfrom an investment as well as, in the event of liquidation, to the proceeds from the liquidation. (3) Investors of either Contracting Party who suffer losses of their inversionesen investments in the territory of the other contracting party owing Contracting Party due to war or other armed conflict, a national state of national emergency, revolt, insurrection or disturbance, riot shall be accorded, with respect to restitution, indemnification, compensation or other settlement, a treatment which is no less favourable than that accorded to its own investors to investors or of any third State. resulting Resulting payments shall be transferable without delay in a freely convertible currency.

Appears in 13 contracts

Sources: Investment Agreement, Investment Agreement, Investment Agreement

Expropriation and Compensation. (1) Neither Contracting Party shall take any measures depriving, directly or indirectly, to uninversionista and investor of the other contracting party Contracting Party of an investment unless the following conditions are complied with: (a) Measures The measures are taken in the public interest and under due processprocess of law; (b) Clear The measures are unequivocal and non-discriminatory measuresnot discriminatory; and (c) Measures The measures are accompanied by provisions for the payment of prompt, adequate compensation yefectivaand effective compensation, which shall be transferable without delay in a freely convertible currency. (2) The provisions of paragraph Paragraph (1) of this article Article shall also apply to the returns of unainversión andfrom an investment as well as, in the event of liquidation, to the proceeds from the liquidation. (3) Investors of either Contracting Party who suffer losses of their inversionesen investments in the territory of the other contracting party owing Contracting Party due to war or other armed conflict, a national state of national emergency, revolt, insurrection or disturbance, riot shall be accorded, with respect to restitution, indemnification, compensation or other settlement, a treatment which is no less favourable than that accorded to its own investors or to investors or of any third State. resulting payments shall be transferable without delay in a freely convertible currency, whichever is more favourable.

Appears in 2 contracts

Sources: Investment Agreement, Investment Agreement

Expropriation and Compensation. (1) Neither Contracting Party shall take any measures depriving, directly or indirectly, to uninversionista an investor of the other contracting party Contracting Party of an investment unless the following conditions are complied with: (a) Measures The measures are taken in the public interest and under due processprocess of law; (b) Clear The measures are distinct and non-discriminatory measuresnot discriminatory; and (c) Measures The measures are accompanied by provisions for the payment of prompt, adequate compensation yefectivaand effective compensation, which shall be transferable without delay in a freely convertible currency. (2) The provisions of paragraph Paragraph (1) of this article Article shall also apply to the returns of unainversión andfrom an investment as well as, in the event of liquidation, to the proceeds from the liquidation. (3) Investors of either Contracting Party who suffer losses of their inversionesen investments in the territory of the other contracting party owing Contracting Party due to war or other armed conflict, a national state of national emergency, revolt, insurrection or disturbance, riot shall be accorded, with respect to restitution, indemnification, compensation or other settlement, a treatment which is no less favourable than that accorded to its own investors or to investors or of any third State. resulting Resulting payments shall be transferable without delay in a freely convertible currency.

Appears in 2 contracts

Sources: Investment Protection Agreement, Investment Protection Agreement

Expropriation and Compensation. (1) Neither Contracting Party shall take any measures depriving, directly or indirectly, to uninversionista an investor of the other contracting party Contracting Party of an investment unless the following conditions are complied with: (a) Measures The measures are taken in the public interest and under due processprocess of law; (b) Clear The measures are distinct and non-discriminatory measuresnot discriminatory; and (c) Measures The measures are accompanied by provisions for the payment of prompt, adequate compensation yefectivaand effective compensation, which shall be transferable without delay in a freely convertible currency. (2) The provisions of paragraph Paragraph (1) of this article Article shall also apply to the returns of unainversión andfrom an investment as well as, in the event of liquidation, to the proceeds from the liquidation. (3) Investors of either Contracting Party who suffer losses of their inversionesen investments in the territory of the other contracting party owing Contracting Party due to war way or other armed conflict, a national state of national emergency, revolt, insurrection or disturbance, riot shall be accorded, with respect to restitution, indemnification, compensation or other settlement, a treatment which is no less favourable than that accorded to its own investors to investors or of any third State. resulting Resulting payments shall be transferable without delay in a freely convertible currency.

Appears in 1 contract

Sources: Investment Promotion and Protection Agreement