movable and immovable property as well as any other rights in rem in respect of every kind of asset;
Verdrag inzake de bevordering en de wederzijdse bescherming van investeringen tussen het Koninkrijk der Nederlanden en de Libanese Republiek
Geldig van 2 mei 2002 tot 1 maart 2004
Geldig van 2 mei 2002 tot 1 maart 2004
Verdrag inzake de bevordering en de wederzijdse bescherming van investeringen tussen het Koninkrijk der Nederlanden en de Libanese Republiek
Opschrift
Agreement on the encouragement and the reciprocal protection of investments between the Kingdom of the Netherlands and the Lebanese Republic
Preambule
The Kingdom of the Netherlands
and
the Lebanese Republic,
hereinafter referred to as the Contracting Parties,
Desiring to strengthen their traditional ties of friendship and to extend and intensify the economic relations between them, particularly with respect to investments by the investors of one Contracting Party in the territory of the other Contracting Party,
Recognising that agreement upon the treatment to be accorded to such investments will stimulate the flow of capital and technology and the economic development of the Contracting Parties and that fair and equitable treatment of investments is desirable,
Have agreed as follows:
Article 1. Definitions [Nog niet in werking]
For the purposes of this Agreement:
the term ``investments" means every kind of asset and more particularly, though not exclusively:
- (i)
- (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.
- (i)
the term ``investor" 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),
who have made an investment in the territory of the other Contracting Party.
- (i)
the term ``territory" means:
the territory of the Contracting Party concerned 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.