Treedt in werking op een nader te bepalen tijdstip
For the purposes of this Agreement:
- a)the term „investments” shall comprise every kind of asset or rights related to it, in particular though not exclusively:
- (i)movable and immovable property as well as any other rights in rem in respect of every kind of asset;
- (ii)rights derived from shares, bonds and other kinds of interests in companies and joint ventures;
- (iii)title to money, to other assets or to any performance having an economic value;
- (iv)intellectual and industrial property rights, including copyrights, industrial property rights, technical processes, goodwill and know-how;
- (v)rights granted under public law or under contract, including rights to prospect, explore, extract and win natural resources.
- b)the term „nationals” shall comprise with regard to either Contracting Party the following subjects which have made investments in the territory of the other Contracting Party in accordance with the present Agreement:
- (i)natural persons having the nationality of that Contracting Party in accordance with its law;
- (ii)without prejudice to the provisions of (iii) hereafter, legal persons constituted under the law of that Contracting Party and being domiciled, as well as having real economic activities, in the territory of that same Contracting Party;
- (iii)legal persons constituted under the law of any country which are effectively controlled by natural persons of that Contracting Party or by legal persons being domiciled, as well as having real economic activities, in the territory of that Contracting Party.
- (c)The term „territory” means:the territory of the Contracting Party concerned and any area adjacent to the territorial sea which, under the laws of the Contracting Party concerned, and in accordance with international law, is the exclusive economic zone or continental shelf of the Contracting Party concerned, in which that Contracting Party exercises jurisdiction or sovereign rights.
