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.
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