TNAG-2826-FCO40-4079-Investment-Protection-and-Promotion-Agreements-(IPPA)-betwee-1993 — Page 15

7 -

the

insurrection or riot in the area of the latter Contracting

Party shall be accorded by the latter Contracting Party

treatment, as regards restitution, indemnification,

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

requisitioning of their property by its forces or

authorities, or

(a)

(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.

Page 15Page 16