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Artikel 1 Definitions

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Artikel 1 Definitions

Treedt in werking op een nader te bepalen tijdstip

For the purposes of this Agreement:

  • a)the term ``investments" means every kind of asset and more particularly, though not exclusively:
  • (i)movable and immovable property as well as any other rights in respect of every kind of asset;
  • (ii)rights derived from shares, bonds and other kinds of interests in companies and joint ventures;
  • (iii)claims to money, to other assets or to any performance having an economic value;
  • (iv)rights in the field of intellectual property, 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:
  • (i)natural persons having the nationality of that Contracting Party;
  • (ii)legal persons constituted under the law of that Contracting Party;
  • (iii)legal persons not constituted under the law of that Contracting Party but controlled, directly or indirectly, by natural persons as defined in (i) or by legal persons as defined in (ii).
  • c)the term ``investor" shall mean a national of the one Contracting Party investing in the territory of the other Contracting Party.
  • d)the term ``territory" means:the land territory of the Contracting Party concerned, including the airspace above and all sub-soil resources, and any area adjacent to the territorial sea which, under the laws applicable in 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.

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