Common use of Compensation for Damage or Loss Clause in Contracts

Compensation for Damage or Loss. (1) Investors of one Contracting Party whose investments or returns suffer losses owing to war, armed conflict, a state of national emergency, revolt, insurrection, riot or other similar events in the territory of the other Contracting Party shall be accorded by the latter Contracting Party treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable than that which the latter Contracting Party accords to its own investors or to investors of any third country. Any payment under this Article shall be made promptly, adequately and effectively, and be freely transferable without delay.

Compensation for Damage or Loss. (1) Investors Where investments of one investors of either Contracting Party whose investments suffer loss or returns suffer losses damage owing to war, armed conflict, a national state of national emergency, revoltrevolt or riot, insurrection, riot insurrection or other similar events in the territory of the other Contracting Party contracting party to such investors, shall be accorded by the latter Contracting Party treatment, as regards treatment in relation to restitution, indemnification, compensation or other settlement, not less favourable than that which accorded by the latter Contracting Party accords contracting party to its own investors investors or to investors of any third countryState. Any payment under this Article payments of compensation shall be made promptly, adequately and effectively, and be freely transferable without undue delay.