Publication: Magyar Közlöny
Issue: MK-2003-68 (Year: 2003, Number: 68)
Era: 1990-2004
Section: rendelkezõ 2001. évi VII. törvény, továbbá
Paragraph Index: 1223

1. Investments 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, shall include interest at a commercially reasonable rate from the date of expropriation to the date of payment and shall be made without delay, be effectively realizable and be freely transferable in a freely convertible currency.

Source: https://magyarkozlony.hu/hivatalos-lapok/5db3d43efe07b935196ea6717031c4953eed2714/dokumentumok/0027dd0eab7596e15b033e900a70d1c6f2382bad/letoltes