Honduras - Netherlands BIT (2001)

Article 6

Neither Contracting Party shall take any measures depriving, directly or indirectly, nationals of the other Contracting Party of their investments unless the following conditions are complied with:

a) the measures are taken in the public necessity or interest and under due process of law;

b) the measures are not discriminatory or contrary to any undertaking which the Contracting Party which takes such measures may have given;

c) the measures are accompanied by prompt, adequate and effective compensation. Such compensation shall represent the real market value or in the absence thereof the genuine value, before the moment the measures or the impending measures became public knowledge, of the investments affected, shall include interest until the date of payment, at a normal commercial rate or at the banking rate in the country concerned, whichever is best to the claimants, and shall, in order to be effective for the claimants, be paid and made transferable, without delay, to the country designated by the claimants concerned in any freely convertible currency.


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