Publication: Magyar Közlöny
Issue: MK-2007-127 (Year: 2007, Number: 127)
Era: 2004-2010
Section: 
Paragraph Index: 213

b) destruction of their investment or a part thereof by its forces or authorities which was not caused in combat action or was not required by the necessity of the situation shall be ac cor ded by the ot her Cont rac ting Party just, ade - qu a te and ef fec ti ve res ti tu ti on or com pen sa ti on. Compensation shall include interest at a commercially reasonable rate from the date of occured losses until the day of payment. 2007/127. szám Article 5 Expropriation Investments or returns of investors of either Contracting Party shall not be nationalised, expropriated or subjected to measures having effect equivalent to nationalisation or expropriation (hereinafter referred to as „expropriation”) in the territory of the other Contracting Party except for a public purpose. The expropriation shall be carried out under due process of law, on a non-discriminatory basis and shall be accompanied by provisions for the payment of prompt, adequate and effective compensation. Such compensation shall amount to the market value of the investment expropriated immediately before expropriation or impending expropriation became public knowledge (whichever is earlier), shall include interest at a commercially reasonable rate from the date of expropriation to the date of actual payment and shall be made without delay, be effectively realizable and be freely transferable in a freely convertible currency. Article 6 Transfers

Source: https://magyarkozlony.hu/hivatalos-lapok/b04b5a58f571f95debc5fb7da424ead336384555/dokumentumok/2d80b08f5cb088ad096e0915648cfeef18ae059c/letoltes