Common use of Compensation for Loss Clause in Contracts

Compensation for Loss. 1. When investments of investors of either Contracting Party are affected by a war, armed conflict, national emergency, coup, uprising, rebellion, or other similar events in the territory of the other Contracting Party, they will be granted the last resort, with respect to restitution, reimbursement Compensation or other solution no less favorable than that accorded by the last Contracting Party to its own investors or investors of third countries in accordance with applicable law. 2. Without prejudice to the provisions of paragraph 1 of this Article, investors of the same Contracting Party who, during any of the events referred to in this paragraph, suffer losses in the territory of the other Contracting Party arising from: (A) requisitioning of their property by its authorities;