TNAG-2826-FCO40-4079-Investment-Protection-and-Promotion-Agreements-(IPPA)-betwee-1993 — Page 188

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

emergency, revolt, insurrection or riot in the area of the latter

Contracting Party shall be accorded by

by the latter Contracting

Party treatment, as regards restitution,

indemnification,

compensation or other settlement, no less favourable than

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

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

in combat action or was not required by the necessity of the situation,

shall be accorded restitution

or

reasonable

Resulting payments shall be freely convertible.

compensation.

литр

7