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Investment Agreements in the Western Hemisphere: A Compendium

Bilateral Free Trade Agreements


V. Expropriation | A. Conditions

Free Trade Agreement Between Bolivia and Mexico

Each Party shall permit transfers to be made in a freely convertible currency at the exchange rate prevailing on the market on the date of transfer. (Article 15-08(2)). No party may nationalize or expropriate, directly or indirectly, an investment of an investor from another Party in its territory, or adopt an equivalent measure ("expropriation"), except: a) for reasons of national or public interest; b) on a non-discriminatory basis; c) on the basis of the principle of legality; and d) with due compensation in accordance with paragraphs 2 to 4. (Article 15-09(1)).

Free Trade Agreement Between Costa Rica and Mexico

No party may nationalize or expropriate, directly or indirectly, an investment of an investor from another Party in its territory, or adopt an equivalent measure ("expropriation"), except: a) for reasons of public interest; b) on a non-discriminatory basis; c) on the basis of the principle of legality; and d) with due compensation in accordance with paragraphs 2 to 4. (Article 13-10(1)).

Free Trade Agreement Between Canada and Chile

Neither Party may directly or indirectly nationalize or expropriate an investment of an investor of the other Party in its territory or take a measure tantamount to nationalization or expropriation of such an investment ("expropriation"), except: (a) for a public purpose; (b)on a non-discriminatory basis; (c) in accordance with due process of law and Article G-05(1) (Minimum Standard of Treatment); and (d) on payment of compensation in accordance with paragraphs 2 through 6. (Article G-10(1)).

 
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