Agreement between the Government of the Kyrgyz Republic and Government of the Republic of Lithuania on encouragement and protection of investments

The government of the Kyrgyz Republic and the Government of the Republic of Lithuania (further referred to as as "Contracting parties"),

wishing to develop economic cooperation between two states,

having intentions to create and support favorable conditions for investments by investors of one Contracting Party in the territory of the state of other Contracting Party on the basis of equality and mutual advantage, and

recognizing that encouragement and protection of foreign investments promote development of private business and economic prosperity of both states of Contracting Parties,

agreed as follows:

Article 1. Determinations

For the purpose of this agreement:

1) "Investments" mean any kind of the assets invested by the investor of one Contracting Party in the territory of the state of other Contracting Party according to the national legal system of the last Contracting Party (the state of the accepting Contracting Party) and in particular, but not without any exception, include:

a) personal and real estate and other rights, such as mortgages, mortgage deduction and pledge, and similar rights;

b) shares, bonds, other forms of participation at the company;

c) requirements to money or to any other execution having economic value;

d) intellectual property rights, in particular, copyright, rights of industrial property (such as patent, industrial design and models, trademarks, trade names) and know-how (nepatentirovanny practical knowledge);

e) goodwill (goodwill);

e) any right of message economic activity according to the contract and any licenses including concession on search, production and development of natural resources.

Any change of form of investments shall not exert impact on their nature as investments provided that such change will be made according to the national legal system of the accepting Contracting Party.

"Investor" means 2) concerning both Contracting Parties:

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