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, such as mortgages, usufructs, liens and pledges;
- (ii)rights derived from shares, bonds, securities, placements, debentures, loans 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, such as copyrights, trademarks, patents, industrial designs and other industrial property rights; technical processes, goodwill and know-how;
- (v)rights granted under public law or under contract and permit pursuant to law, excluding natural resources for the part of the United Arab Emirates.The rights concerning natural resources are excluded, unless individual Member Emirate allows by decree that this Agreement is applicable to rights concerning natural resources granted through an agreement between a national of the Kingdom of the Netherlands and the respective Emirate.
Any change in the form of an investment will not affect its qualification as an investment.
- 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 constituted under the law of a Contracting Party but controlled, directly or indirectly, by legal persons as defined in (ii).
- (iv)the Government of that Contracting Party.
- c)Freely convertible currency means a currency which is widely traded in international foreign exchange markets and widely used in international transactions.
- d)The term “territory” means:the land territory of the Contracting Party concerned, including islands, 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.
