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Article 1

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Article 1

For the purposes of the present Agreement:

  • a)the term "investments" shall comprise 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)title to money or other assets or to any performance under contract or law having an economic value;
  • (iv)rights in the field of intellectual property, technical processes, goodwill and know-how;
  • (v)rights to conduct commercial activities including rights to prospect, explore, extract and win natural resources granted under contract or under the legislation of the Contracting Party in the territory of which such activities are undertaken.
  • b)the term "nationals" shall comprise with regard to either Contracting Party:
  • (i)natural persons having the nationality of that Contracting Party in accordance with its law;
  • (ii)corporations, firms or associations incorporated or constituted under the law of that Contracting Party;
  • (iii)corporations, firms or associations wherever located, controlled directly or indirectly by nationals as defined in (i) and (ii) above.
  • c)the term "territory" includes the territorial sea as well as the maritime areas beyond the territorial sea to the extent to which a Contracting Party exercises sovereign rights and jurisdiction in those areas in accordance with international law.

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