Common use of Nationalization or Expropriation Clause in Contracts

Nationalization or Expropriation. 1. Investments of either Contracting Party or its natural or juridical persons shall not be subjected to sequestration, confiscation, expropriation or nationalization or any other measures having equivalent effect (hereinafter referred to as expropriation). Neither Contracting Party shall subject the investment to any measures directly or indirectly tantamount to expropriation including such as: levying of taxes, compulsory sale of all or part of an investment, impairment or deprivation or its management or control. All such actions are consider expropriation except when the expropriation: a) Is done for public purpose;