Common use of Compensation for Loss Clause in Contracts

Compensation for Loss. Investors of Contracting Party who suffer losses in respect of their investments in the territory of the other Contracting Party owing to war, a state of national emergency, insurrection, riot or other similar events, shall be accorded by the latter Contracting Party, treatment as regards restitution, indemnification, compensation or other settlements, no less favorable than the latter Contracting Party accords to its own investors or to investors of any third state. Resulting payment shall be freely transferable in a freely convertible currency.

Compensation for Loss. Investors of one Contracting Party who suffer losses in respect of their investments in the territory of the other Contracting Party contracting party owing to warwar or other armed conflict, a national state of national emergency, revolt, insurrection, riot civil disturbance or other similar eventsevents of internal disturbance, shall be accorded by the latter Contracting Partyshall, treatment as regards restitution, indemnification, compensation or other settlementsrelief, a treatment no less favorable favourable than the latter Contracting Party accords that accorded to investments of its own to investors or to investments of investors of any third state. Resulting payment shall be freely transferable in a freely convertible currencyState, whichever is the more favourable treatment to the investments of the investor concerned.