5
-5-
2.
sha I be paid without delay; be
equivalent the fair market value of the expropriated investment immediately before the expropriatory action was taken ("the date of expropriation"); and be fully realizable and freely transferable. The fair market value shall not reflect any change in value occurring because the expropriatory action had become known before'the date of expropriation.
3.
If the fair mar~et value is denominated in a freely
usable currency, the compensation the fair market value on the date
id shall be no ·less than
expropriation, plus interest at a commercially reasonable rate for that currency, accrued from the date of expropriation until the date of payment. 4. If the fair market value is denominated in a currency that is not freely usable, the compensation paid -- converted into the currency of payment at the market rate of exchange prevailing on the date of payment -- shall be no less than: (a) the fair market value on the date of expropriation, converted into a freely usable currency at the market rate of exchange prevailing on that date, plus
(b) interest, at a commercially reasonable rate for
that freely usable currency, accrued from the date of Gxpropriation until the date of payment.
ARTICLE IV
1. Each Party shall accord national and most f.avored nation treatment to covered investments as regards any measure relating to losses that investments suffer in its territory owing to war or other armed conflict, revolutirin, state of national emergency, insurrection, civil disturbance, or similar events. through 4 of Article III, in the event that covered investments suffer losses in its territory, owing to war or other armed conflict, revolution, state of national emergency, insurrection, civil disturbance, or similar events, that result from: 2. Each Party shall accord restitution, or pay compensation in accordance with paragraphs
(a) requisitioning of all or part of such investments
by the Party's forces or authorities, or
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