Expropriation. 1. Neither Party shall expropriate or nationalize, either directly or indirectly through measures equivalent to expropriation or nationalization (hereinafter referred to as "expropriation") against investments of investors of the other Party in its territory, unless the following conditions are met: (a) for the public interest (15); (b) under domestic legal procedure; (c) without discrimination; and (d) against compensation. 2. The compensation mentioned in subparagraph 1(d) of this Article shall be equivalent to the fair market value of the expropriated investments immediately before the expropriation took place ("the date of expropriation"), convertible and freely transferable. The compensation shall be paid without unreasonable delay.
Appears in 363 contracts
Samples: Free Trade Agreement, Free Trade Agreement, Free Trade Agreement
