Common use of Compensation for Damage or Loss Clause in Contracts

Compensation for Damage or Loss. 1) When investments made by investors of either Contracting State suffer losses owing to war or other armed conflict or a state of national emergency or other similar events in the territory or maritime zones of the other Contracting State, they shall receive a fair and adequate compensation for the loss. such payments shall be freely transferable without undue delay.

Compensation for Damage or Loss. (1) When investments made by investors of either Contracting State suffer losses loss owing to war or war, other armed conflict or conflict, a state of national emergency emergency, or other similar events in the territory or and maritime zones of the other Contracting State, they shall receive a fair just and adequate compensation for the lossloss sustained. such Resultant payments shall be freely transferable without undue delay.