Expropriation. 1. Investments of investors of either Contracting Party shall not be nationalised, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable in freely convertible currency. 2. The investor affected shall have a right, to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article. 3. The provisions of paragraph 1 of this Article shall also apply 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 which is owned wholly or partly by investors of the other Contracting Party.
Appears in 5 contracts
Sources: Investment Protection Agreement, Investment Protection Agreement, Investment Protection Agreement
Expropriation. (1. ) Investments of investors of either one Contracting Party shall not be nationalisednationalized, expropriated or otherwise subjected to any other measures having an effect equivalent to nationalisation nationalization or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purposepurposes and against prompt, adequate and effective compensation. The expropriation shall be carried out under due process of law, on a non-non- discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. in accordance with applicable legal procedures.
(2) Such compensation shall amount to the fair market value of the investment expropriated investments immediately before expropriation was taken or before the impending expropriation became become public knowledge, whichever is the earlier, shall include interest at the applicable commercial rate from the date of expropriation, expropriation until the date of payment and shall be made without undue delay, be effectively realizable and be freely transferable in freely convertible currencytransferable. In both cases of expropriation and compensation, treatment no less favourable than that which the Contracting Party accords to its own investors or to investors of any third State shall be accorded, whichever is more favourable to investors.
2. The investor (3) Investors of one Contracting Party affected by expropriation shall have a right, right to prompt review, review by a judicial or other independent authority of that the other Contracting Party, of his or its their case in relation to the execution of the expropriation decision and of to the valuation of his or its investment their investments in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 which is owned wholly or partly by investors of the other Contracting Party.
Appears in 3 contracts
Sources: Investment Promotion and Protection Agreement, Investment Protection Agreement, Investment Protection Agreement
Expropriation. (1. ) Investments of made by investors of either one Contracting Party shall not be nationalised, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party Party, except for a public purpose. The expropriation shall be carried out under due process of law, on a non-discriminatory basis in accordance with legal procedures and shall be accompanied by provisions for the payment of prompt, adequate and effective against compensation. .
(2) Such compensation shall amount to the market value of the expropriated investment expropriated immediately before the expropriation or before the impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, be effectively realizable expropriation and be freely transferable in freely convertible currencytransferable. Compensation shall be effective, adequate and be paid without undue delay.
2. (3) The investor affected whose investment was expropriated, shall have a right, the right under the law of expropriating Contracting Party to prompt review, review by a judicial or other independent appropriate authority of that Contracting Party, Party of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Articleparagraph.
3. The provisions of paragraph 1 of this Article shall also apply where (4) 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 is owned wholly or partly by investors of the other Contracting PartyParty own shares, the provisions of paragraph (1) of this Article shall be applied.
Appears in 3 contracts
Sources: Investment Agreement, Investment Agreement, Investment Agreement
Expropriation. 11 . Investments of investors of either Contracting Party shall not be nationalisednationalized, expropriated or subjected to measures having effect equivalent to nationalisation nationalization or expropriation (hereinafter referred to as "„expropriation") in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-discriminatory basis bases and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable in freely convertible currency.
22 . The investor affected shall have a right, right to prompt review, review by a judicial or other independent authority of that Contracting Party, of his or its case and Party of the valuation of his or its investment in accordance with the principles set out in this Article.
33 . The provisions of paragraph 1 of this Article shall also apply where a Contracting Party expropriates the assets of a company which is constituted or incorporated or constituted under the law laws in force in any part of its own territory, and which is owned wholly or partly by investors of the other Contracting Party.paragraph 1 of this Article shall also apply where a Contracting Party expropriates the assets of a company which is constituted or incorporated under the laws in force in any part of its own territory, and which is owned wholly or partly by investors of the other Contracting Party.
Appears in 3 contracts
Sources: Investment Protection Agreement, Investment Protection Agreement, Investment Protection Agreement
Expropriation. 1. Investments of investors of either Contracting Party shall not be nationalised, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-non discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately inmediately before expropriation or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable trasnferable in freely convertible currency.
2. The investor affected shall have a right, to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 is owned wholly or partly by investors of the other Contracting PartyParty own shares.
Appears in 3 contracts
Sources: Investment Promotion and Protection Agreement, Investment Promotion and Protection Agreement, Investment Promotion and Protection Agreement
Expropriation. 1. Investments of investors of either Contracting Party shall not be nationalisednationalized, expropriated or subjected to measures having effect effects equivalent to nationalisation nationalization or expropriation (expropriation-hereinafter referred to as "expropriation") expropriation"- in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, shall be effectively realizable and be freely transferable in freely convertible currency.
2. The investor affected shall have a right, right to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 is owned wholly or partly by investors of the other Contracting PartyParty own shares.
Appears in 3 contracts
Sources: Investment Promotion and Protection Agreement, Investment Protection Agreement, Agreement on the Promotion and Reciprocal Protection of Investments
Expropriation. 1. Investments of investors of either one Contracting Party shall not be nationalisednationalized, expropriated or otherwise subjected to any other measures having an effect equivalent to nationalisation nationalization or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purposepurpose and against prompt, adequate and effective compensation. The expropriation shall be carried out under due process of law, on a non-discriminatory basis and shall be accompanied by provisions for the payment in accordance with due process of prompt, adequate and effective compensationlaw.
2. Such compensation shall amount to the fair market value of the investment expropriated investments immediately before expropriation was taken or before impending expropriation became public knowledge, whichever is the earlier. It shall include interest based on the applicable commercial rate from the date of expropriation, dispossession of the expropriated property until the date of payment and shall be made without undue delay, be effectively realizable and be freely transferable in freely convertible currencytransferable. In both expropriation and compensation, treatment no less favourable than that which the Contracting Party accords to its own investors or to investors of any third State shall be accorded.
23. The investor Investors of one Contracting Party affected by expropriation shall have a right, right to prompt review, by a judicial or other independent authority of that the other Contracting Party, of his or its their case and of the valuation of his or its investment their investments in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 which is owned wholly or partly by investors of the other Contracting Party.
Appears in 3 contracts
Sources: Investment Agreement, Investment Agreement, Investment Agreement
Expropriation. (1. ) Investments of made by investors of either one Contracting Party shall not be nationalised, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party Party, except for a public purpose. The expropriation shall be carried out under due process of law, on a non-discriminatory basis in accordance with legal procedures and shall be accompanied by provisions for the payment of prompt, adequate and effective against compensation. .
(2) Such compensation shall amount to the market value of the expropriated investment expropriated immediately before the expropriation or before the impending expropriation became public knowledge, knowledge and shall include interest from the date of expropriation, shall be made without delay, be effectively realizable expropriation and be freely transferable in freely convertible currencytransferable. Compensation shall be effective, adequate and be paid out without undue delay.
2. (3) The investor affected whose investment was expropriated, shall have a right, the right under the law of expropriating Contracting Party to prompt review, review by a judicial or other independent appropriate authority of that Contracting Party, Party of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Articleparagraph.
3. The provisions of paragraph 1 of this Article shall also apply where (4) 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 is owned wholly or partly by investors of the other Contracting PartyParty own shares, the provisions of paragraph (1) of this Article shall be applied.
Appears in 3 contracts
Sources: Investment Agreement, Investment Agreement, Investment Agreement
Expropriation. (1. ) Investments of made by investors of either one Contracting Party shall not be nationalised, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party Party, except for a public purpose. The expropriation shall be carried out under due process of law, on a non-discriminatory basis in accordance with legal procedure and shall be accompanied by provisions for the payment of prompt, adequate and effective against compensation. ,
(2) Such compensation shall amount to the market value of the expropriated investment expropriated immediately before the expropriation or before the impending expropriation became public knowledge, knowledge and shall include interest from the date of expropriation, shall be made without delay, be effectively realizable expropriation and be freely transferable in freely convertible currencytransferable. Compensation shall be effective, adequate arid he paid out without undue delay.
2. (3) The investor affected whose investment was expropriated shall have a right, the right under the law of expropriating Contracting Party to prompt review, review by a judicial or other independent appropriate authority of that Contracting Party, Party of his or its case and of the valuation of cf his or its investment in accordance with the principles set out in this Articleparagraph.
3. The provisions of paragraph 1 of this Article shall also apply where (4) 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 is owned wholly or partly by investors of the other Contracting PartyParty own shares, the provisions of paragraph (1) of this Article shall be applied.
Appears in 2 contracts
Sources: Investment Protection Agreement, Investment Protection Agreement
Expropriation. 1. Investments of investors of either Contracting Party shall not be nationalised, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable in a freely convertible currency.
2. The investor affected shall have a right, to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 is owned wholly or partly by investors of the other Contracting PartyParty own shares.
Appears in 2 contracts
Sources: Investment Protection Agreement, Investment Protection Agreement
Expropriation. 11 . Investments of investors of either Contracting Party shall not be nationalised, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable in freely convertible currencycurrency without unjustified delay, otherwise it shall include interest.
22 . The investor affected shall have a right, to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
33 . The provisions of paragraph 1 of this Article shall also apply 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 is owned wholly or partly by investors of the other Contracting PartyParty own shares.
Appears in 2 contracts
Sources: Investment Protection Agreement, Investment Protection Agreement
Expropriation. 1. Investments of investors of either Contracting Party shall not be nationalised, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation") } in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-discriminatory nondiscriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable in freely convertible currency.
2. The investor affected shall have a right, to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 which is owned wholly or partly by investors of the other Contracting Party.
Appears in 2 contracts
Sources: Investment Protection Agreement, Investment Protection Agreement
Expropriation. 1. Investments of investors of either Contracting Party shall not be nationalised, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation") in expropriation")in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge, shall include interest at a normal commercial rate from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable in freely convertible currency.
2. The investor affected shall have a right, to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 is owned wholly or partly by investors of the other Contracting PartyParty own shares.
Appears in 2 contracts
Sources: Investment Protection Agreement, Investment Protection Agreement
Expropriation. 1. Investments of investors of either Contracting Party shall not be nationalised, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-non- discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable in freely convertible currency.
2. The investor affected shall have a right, to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 is owned wholly or partly by investors of the other Contracting PartyParty own shares.
Appears in 2 contracts
Sources: Investment Agreement, Investment Agreement
Expropriation. 1. Investments of investors of either Contracting Party shall not be nationalisednationalized, expropriated or subjected to measures having effect equivalent to nationalisation nationalization or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge, shall include interest at a normal commercial rate from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable in freely convertible currency.
2. The investor affected shall have a right, to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply where a Contracting Party expropriates the assets of a company which has a main office in the territory of one of the Contracting Parties and is constituted or incorporated or constituted under in accordance with the law in force in any part laws of its own territorythat Contracting Party, and in which is owned wholly or partly by investors of the other Contracting PartyParty own shares.
Appears in 2 contracts
Sources: Investment Protection Agreement, Investment Protection Agreement
Expropriation. 1. Investments of investors of either Contracting Party shall not be nationalisednationalized, expropriated or subjected to measures having effect equivalent to nationalisation nationalization or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable trasferable in freely convertible currency.
2. The investor affected shall have a right, right to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 is owned wholly or partly by investors of the other Contracting PartyParty own shares.paragraph 1 of this Article shall also apply 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.
Appears in 1 contract
Sources: Investment Protection Agreement
Expropriation. 1. Investments of investors of either Contracting Party both parties hereof shall not be nationalisednationalized, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (( hereinafter referred to as "expropriation") in the territory of the other Contracting Party party hereof except for a public purpose. The expropriation shall be carried out under due process of law, on a non-non- discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable in freely convertible currency.
2. The investor affected shall have a right, to prompt review, by a judicial or other independent authority of that Contracting Party, of party thereof related to his or its case and of relation to the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions of paragraph Paragraph 1 of this Article shall also apply where a Contracting Party party hereof 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 is owned wholly or partly by investors of the other Contracting Partyparty hereof own shares.Paragraph 1 of this Article shall also apply where a party hereof 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 party hereof own shares.
Appears in 1 contract
Sources: Investment Protection Agreement
Expropriation. 1. Investments of investors of either one Contracting Party shall not be nationalisednationalized, expropriated or subjected otherwise subject to any other measures having effect equivalent to nationalisation nationalization or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purposepurposes and against prompt, adequate and effective compensation. The expropriation shall be carried out under due process of law, on a non-discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensationin accordance with legal procedures.
2. Such compensation shall amount to the fair market value of the investment expropriated investments immediately before the date when the expropriation was made or before the date when the impending expropriation became public knowledge, whichever is the earlier, shall include interest at the applicable commercial rate from the date of expropriationexpropriation until the date of payment, and shall be made without undue delay, be effectively realizable realizable, and be freely transferable in freely convertible currencytransferable. In both expropriation and compensation, treatment no less favourable than that which the Contracting Party accords to its own investors or to investors of any third State shall be accorded.
23. The investor Investors of one Contracting Party affected by expropriation shall have a right, right to prompt review, review by a judicial or other independent authority of that the other Contracting Party, Party of his or its their case and of the valuation of his or its investment their investments in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 which is owned wholly or partly by investors of the other Contracting Party.
Appears in 1 contract
Sources: Investment Protection Agreement
Expropriation. 1. Investments of investors of either Contracting Party shall not be nationalised, expropriated or subjected subject to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation'") in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-non- discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable in freely convertible currency.
2. The investor affected shall have a right, to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 is owned wholly or partly by investors of the other Contracting PartyParty own shares.
Appears in 1 contract
Sources: Investment Protection Agreement
Expropriation. 1. Investments of investors of either Contracting Party shall not be nationalised, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on an a non-discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable in freely convertible currency.
2. The investor affected shall have a right, to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 is owned wholly or partly by investors of the other Contracting PartyParty own shares.
Appears in 1 contract
Sources: Investment Protection Agreement
Expropriation. 1. Investments of investors of either one Contracting Party shall not be nationalisednationalized, expropriated or otherwise subjected to any other measures having an effect equivalent to nationalisation nationalization or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purposepurpose and against prompt, adequate and effective compensation. The expropriation shall be carried out under due process of law, on a non-discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensationin accordance with legal procedures. Such compensation shall amount to the fair market value of the investment expropriated investments immediately before expropriation was taken or before impending expropriation became public knowledge, whichever is the earlier, shall include interest at the applicable commercial rate from the date of expropriation, expropriation until the date of payment and shall be effectively realizable. Compensation shall be made without delay, be effectively realizable and be freely transferable in a freely convertible currency.
2. The investor In both expropriations and compensation, treatment no less favourable than that which the Contracting Party accords to its own investors or to investors of any third State shall be accorded.
3. Investors of one Contracting Party affected by expropriation shall have a right, right to prompt review, review by a judicial or other independent authority (which cannot be an executive or legislative authority/power) of that the other Contracting Party, of his or its their case and of the valuation of his or its investment their investments in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 which is owned wholly or partly by investors of the other Contracting Party.
Appears in 1 contract
Sources: Investment Protection Agreement
Expropriation. 1. Investments of investors of either Contracting Party shall not be nationalised, expropriated or subjected subject to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation'") in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable in freely convertible currency.
2. The investor affected shall have a right, to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 is owned wholly or partly by investors of the other Contracting PartyParty own shares.
Appears in 1 contract
Sources: Investment Protection Agreement
Expropriation. 1. Investments of investors of either Contracting Party shall not be nationalised, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-non — discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without undue delay, be effectively realizable and be freely transferable in freely convertible currency.
2. The investor affected shall have a right, to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions provision of paragraph 1 of this Article shall also apply 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, territory and in which is owned wholly or partly by investors of the other Contracting PartyParty own shares.
Appears in 1 contract
Sources: Investment Protection Agreement
Expropriation. 1. Investments of investors of either one Contracting Party shall not be nationalisednationalized, expropriated or otherwise subjected to any other measures having an effect equivalent to nationalisation nationalization or expropriation (hereinafter referred to as "“expropriation"”) in the territory of the other Contracting Party except for a public purposepurpose and against prompt, adequate and effective compensation. The expropriation shall be carried out under due process of law, on a non-discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensationin accordance with legal procedures. Such compensation shall amount to the fair market value of the investment expropriated investments immediately before expropriation was taken or before impending expropriation became public knowledge, whichever is the earlier, shall include interest at the applicable commercial rate from the date of expropriation, expropriation until the date of payment and shall be effectively realizable. Compensation shall be made without delay, be effectively realizable and be freely transferable in a freely convertible currency.
2. The investor In both expropriations and compensation, treatment no less favourable than that which the Contracting Party accords to its own investors or to investors of any third State shall be accorded.
3. Investors of one Contracting Party affected by expropriation shall have a right, right to prompt review, review by a judicial or other independent authority (which cannot be an executive or legislative authority/power) of that the other Contracting Party, of his or its their case and of the valuation of his or its investment their investments in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 which is owned wholly or partly by investors of the other Contracting Party.
Appears in 1 contract
Sources: Investment Agreement
Expropriation. 1. Investments of investors of either Contracting Party shall not be nationalised, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable trasferable in freely convertible currency.
2. The investor affected shall have a right, to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 is owned wholly or partly by investors of the other Contracting PartyParty own shares.
Appears in 1 contract
Sources: Investment Protection Agreement
Expropriation. 1. Investments of investors of either Contracting Party shall not be nationalised, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "“expropriation"”) in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable trasferable in freely convertible currency.
2. The investor affected shall have a right, to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 is owned wholly or partly by investors of the other Contracting PartyParty own shares.
Appears in 1 contract
Sources: Investment Protection Agreement
Expropriation. 1. Investments of investors of either Contracting Party shall not be nationalisednationalized, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "„expropriation"“) in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation expropria- tion or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable in freely convertible currency.
2. The investor affected shall have a right, to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply where a Contracting Party expropriates the assets of a company which is incorporated or constituted consti- tuted under the law in force in any part of its own territory, and in which is owned wholly or partly by investors of the other Contracting PartyParty own shares.
Appears in 1 contract
Sources: Investment Agreement
Expropriation. 1. Investments of investors of either Contracting Party shall not be nationalised, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable in a freely convertible currency.
2. The investor affected shall have a right, to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 is owned wholly or partly by investors of the other Contracting PartyParty own shares.paragraph 1 of this Article shall also apply 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.
Appears in 1 contract
Sources: Investment Protection Agreement
Expropriation. 1. Investments of investors of either Contracting Party shall not be nationalised, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable in freely convertible currency.
2. The investor affected shall have a right, to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 is owned wholly or partly by investors of the other Contracting PartyParty own shares.paragraph 1 of this Article shall also apply 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.
Appears in 1 contract
Sources: Investment Protection Agreement
Expropriation. (1. ) Investments of investors of either Contracting Party shall not be nationalisednationalized, expropriated or subjected to measures having effect equivalent to nationalisation nationalization or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-non- discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the fair market value of the investment expropriated immediately before expropriation or before impending expropriation became public knowledge, whichever is the earlier, shall include interest at the applicable commercial rate from the date of expropriation, expropriation until the date of payment and shall be made without undue delay, be effectively realizable and be freely transferable in a freely convertible currency. In both expropriation and compensation, treatment not less favourable than that which the Contracting Party accords to its own investors or to investors of any third State shall be accorded.
(2. ) The investor affected shall have a right, under the law of the Contracting Party making the expropriation, to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 which is owned wholly or partly by investors of the other Contracting Party.
Appears in 1 contract
Sources: Investment Protection Agreement
Expropriation. 1. Investments of investors of either Contracting Party shall not be nationalisednationalized, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable in freely convertible currency.
2. The investor affected shall have a right, to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 is owned wholly or partly by investors of the other Contracting PartyParty own shares.
Appears in 1 contract
Sources: Investment Protection Agreement
Expropriation. 1. Investments of investors of either Contracting Party shall not be nationalised, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-non discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately inmediately before expropriation or impending expropriation became public knowledge, shall include interest from the date of expropriation, shall be made without delay, be effectively realizable and be freely transferable in freely convertible currency.
2. The investor affected shall have a right, to prompt review, by a judicial or other independent authority of that Contracting Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this Article.
3. The provisions of paragraph 1 of this Article shall also apply 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 is owned wholly or partly by investors of the other Contracting PartyParty own shares.
Appears in 1 contract
Sources: Investment Protection Agreement