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Article 1 Definitions

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Article 1 Definitions

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 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)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 exploit 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 by natural persons as defined in (i) or by legal persons as defined in (ii).
  • (c)The term ``territory" means:
  • (i)in respect of the Kingdom of the Netherlands: the territory of the Kingdom of the Netherlands and any area adjacent to the territorial sea which, under the laws applicable within the Kingdom of the Netherlands, and in accordance with international law, is the exclusive economic zone or continental shelf of the Kingdom of the Netherlands, in which the Kingdom of the Netherlands exercises jurisdiction or sovereign rights;
  • (ii)in respect of the Federal Democratic Republic of Ethiopia: the territory in which the Federal Democratic Republic of Ethiopia exercises sovereign rights or jurisdiction in accordance with International law.

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