Nationalisation or Expropriation. 1. Investments made under this Agreement shall not be subject to any measures which may limit, either permanently or temporarily, the right of ownership, possession, control or enjoyment of the investments, subject to applicable national or local legislation and to the provisions of the competent administrative and judicial authorities.
Nationalisation or Expropriation. 1. Investments made by investors of one Contracting Party in the territory of the other Contracting Party shall not be nationalized or expropriated or subjected to any other measures having equivalent effect (hereinafter referred to as "expropriation"). except for a public purpose or social interest and in accordance with due process of law, and provided that such measures are not discriminatory and are accompanied by the payment of prompt, effective and adequate compensation.
Nationalisation or Expropriation. 1. Investments made by investors of either Contracting Party shall not be nationalized or expropriated or subjected to measures having effects equivalent to expropriation or nationalisation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for public purpose, under due process, on a non-discriminatory basis and against payment of prompt, fair and adequate compensation. Such compensation shall be at least equal to the commercial value of the expropriated investments, and immediately before the expropriation, or before the expropriation decided upon is made public, whichever occurs first, such compensation shall bear interest at a normal commercial rate until the date of payment and shall be paid without delay and be effectively realisable.
Nationalisation or 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 in accordance with law on a non- discriminatory basis and against fair and equitable compensation. Such compensation shall amount to the fair market value of the investment expropriated immediately before the expropriation or before the impending expropriation became public knowledge, whichever is the earlier, shall include interest at a fair and equitable rate until the date of payment, shall be made without unreasonable delay, be effectively realizable and freely transferable in accordance with Article 7. Where the market value cannot be ascertained properly the compensation shall be determined in accordance with internationally recognised accounting principles.
Nationalisation or Expropriation. The authority or ability of any member of the Group to conduct its business is limited or wholly or substantially curtailed by any seizure, expropriation, nationalisation, intervention, restriction or other action by or on behalf of any governmental, regulatory or other authority or other person in relation to any member of the Group or any of its assets, and taking into account the authority or ability of the Group to conduct its business as a whole, such event has or could reasonably be expected to have a Material Adverse Effect.
Nationalisation or Expropriation. 1. Without prejudice to what is provided for in Article 7 of that Convention, it is not allowed to nationalize investments of nationals and companies of one of the contracting parties or to expropriate or expropriate the subject to measures equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation") in the territory of the other Party expropriation is not made for reasons of usefulness, if the expropriation is not made for the purpose of on a public and non-discriminatory basis, in return for a fair and effective compensation, effective and payable immediately. This compensation will have to cover the actual value of the investments immediately before the expropriation or before the expropriation is announced. It will include interests which will be calculated at the usual commercial rate up to the date of payment. It will be paid without delay with an availability of use and a guarantee of free transfer.
Nationalisation or Expropriation. 1. The investments to which this Agreement relates shall not be subject to any measure which might limit the right of ownership, possession, control or enjoyment of the investments, permanently or temporarily, unless specifically provided by current, national or local, legislation and regulations and orders indeed down by Courts or Tribunals having jurisdiction. Investments of nationals or companies of either Contracting Party shall be, "de jure" or "de facto", 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, kept for a public purpose related to the internal needs of that Party on a non-criminatory basis and against prompt, full and effective compensation. Such compensation shall amount to the genuine market value of the investment appropriated immediately before the expropriation or before the impending Appropriation became public knowledge, whichever is the earlier, shall be calculated in a convertible currency at the prevailing exchange rate applicable on the date on which the decision to nationalise or expropriate is announced or made public, shall include interests calculated on the basis of London inter-banking Offered Rate (LIBOR) Standards from the date of expropriation to the date of payment, shall be made without delay and in any case within six months be effectively realizable and be freely transferable. Whenever there are difficulties in ascertaining the genuine market value, it shall be determined according to the internationally acknowledged evaluation standards. The national or company 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 Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this paragraph.
Nationalisation or Expropriation. 1. (a) Each Contracting Party undertakes not to adopt measures restricting, for a fixed or indefinite period of time, the rights of ownership, possession, control and enjoyment inherent to investments made by investors of the other Contracting Party, unless specific provisions of laws, rulings and decisions issued by the competent courts and other non-discriminatory provisions of a general nature intended to govern economic activities.
Nationalisation or Expropriation. 1- Per this Agreement, it is prohibited to each of the Contracting Parties to submit the investments of any party or investments of nationals established in the territory of either party, procedures for the limitation of ownership or take the interests of such investments permanently or temporarily except to the extent of the current rules or in response to a judgement delivered by the competent court.
Nationalisation or Expropriation. (1) Investments of national or legal persons of either Contracting Party, shall not be nationalised, expropriated or subjected to measures having the effect equivalent to nationalisation or expropriation (hereinafter referred to as "expropriation") in the territory of the other Contracting Party except for a public purpose related to the internal needs of that Party on a non- discriminatory basis and against prompt, adequate and effective compensation. Such one shall amount to the market value of the investment expropriated immediately before the expropriation or before the impending expropriation became public knowledge whichever is the earlier, shall include interest at the current LIBOR rate until the date of payment, shall be made without delay, be effectively realizable and be freely transferable. In the absence of agreement between the parties as to determination of compensation, either party shall have the right to refer the dispute for settlement in accordance with Article 9 of this Agreement.
