その他令和8年7月3日
投資の定義および関連用語の定義
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(a) the term "investment" means every kind of asset owned or controlled,
directly or indirectly, by an investor, including:
(1) enterprise a brand a bran enterprise;
(ii) shares, stocks or other forms of equity participation in an
enterprise;
(iii) bonds, debentures, loans and other forms of debt;
(iv) futures, options and other derivatives;
(v) rights under contracts, including turnkey, construction,
management, production or revenue-sharing contracts:
(vi) claims to money and to any performance under contract having a
financial value;
(vi) intellectual property rights, including copyrights and related rights,
patent rights and rights relating to utility models, trademarks,
industrial designs, layout-designs of integrated circuits, new
varieties of plants, trade names, indications of source or
geographical indications and undisclosed information:
(viiii) rights conferred pursuant to laws and regulations or contracts such
as concessions, licences, authorisations and permits, including
those for the exploration and exploitation of natural resources; and
(ix) any other tangible and intangible, movable and immovable
property, and any related property rights, such as leases, mortgages,
liens and pledges;
An investment includes the amounts yielded by an investment, in
particular, profit, interest, capital gains, dividends, royalties and fees. A
change in the form in which assets are invested does not affect their
character as an investment.
(b) the term "investment agreement" means a written agreement between the
central or local government or authority of a Contracting Party and an
investor of the other Contracting Party or its investment that is an
enterprise in the Area of the former Contracting Party, on which the
investor or the investment relies in establishing or acquiring an investment
in the former Contracting Party;
Note: A "written agreement" refers to an agreement in writing
executed by both parties, whether in a single instrument or in
multiple instruments, that creates an exchange of rights and
obligations, binding on both parties under the applicable law
under subparagraph 11(b) of Article 24. For greater certainty:
(i) a unilateral act of an administrative or judicial authority,
such as a permit, licence or authorisation issued by a
Contracting Party solely in its regulatory capacity, or a
decree, order or judgement, standing alone; and
() administrative or judicialicial consent decree or order,
shall not be considered a written agreement.
(c) the term "investor of a Contracting Party" means:
(i) a natural person having the nationality of a Contracting Party in
accordance with its laws and regulations; of
(ii) an enterprise of a Contracting Party,
that seeks to make, is making or has made investments in the Area of the
other Contracting Party;
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