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C E N

Confiscation, Expropriation Nationalization, compulsory seizure, or any other action taken by the public authorities of the host Arab country that may reduce or eliminate ownership of, control over, or rights to the insured investment.

“Creeping” expropriation (continual restrictions of property rights that, over time, have an expropriation effect) is also covered.

Currency Inconvertibility and Transfer Restrictions

Direct or indirect measures or actions taken by the public authorities in the Arab host country that restrict the investor’s ability to convert local currency received from the insured project (profits, capital, interest) into foreign exchange for transfer outside the host country or to transfer foreign exchange to outside the host country.

Political Violence

Acts of war emanating from a foreign entity or the host country, or civil disturbance in the host country, including revolutions, coup d’états, insurrections, terrorism, or sabotage which directly damage or destroy the tangible assets of the insured project or result in an interruption of the insured project operations essential to its financial viability.

Breach of Contract

The inability of the investor to enforce an award rendered in his favor against the Arab host country under a breach or repudiation of a contract.