Neither Contracting Party shall take any measures depriving nationals of the other Contracting Party of their investments or any measures having effect equivalent to nationalisation or expropriation unless the following conditions are complied with:
- a)the measures are taken in the public 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 taken against just compensation. Such compensation shall represent the market value of the investments affected, immediately before the measures were taken or the impending measures became public knowledge, whichever is the earliest, shall include interest at a normal commercial rate until the date of payment 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 and in the currency of the country of which the claimants are nationals or in any freely convertible currency accepted by the claimants.