ARTICLE 4
Compensation for Losses
(1)
Investors of one Contracting Party whose investments in
the area of the other Contracting Party suffer losses owing to war
or other armed conflict, revolution,
a state of national
restitution,
indemnification,
emergency, revolt, insurrection or riot in the area of the latter
Contracting Party shall be accorded by the latter Contracting
Party treatment, as regards
compensation or other settlement, no less favourable than that
which the latter Contracting Party accords to its own investors or
investors of any other State. Resulting payments shall be freely
convertible.
(2)
Without prejudice to
paragraph
(1) of this Article,
investors of one Contracting Party who in any of the situations
referred to in that paragraph suffer losses in the area of the
other Contracting Party resulting from
(a) requisitioning of their property by its forces or
authorities, or
(b) destruction of their property by its forces or authorities
which was not caused in combat action or was not required by the
necessity of the situation,
shall be accorded restitution or reasonable
compensation.
Resulting payments shall be freely convertible.
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