Agreement between the Government of the Russian Federation and Government of the Republic of Lithuania on encouragement and mutual protection of capital investments

of June 29, 1999

The government of the Russian Federation and the Government of the Republic of Lithuania which are hereinafter referred to as with Contracting Parties

wishing to create favorable conditions for implementation of capital investments of investors of one Contracting Party in the territory of other Contracting Party,

recognizing that encouragement and mutual protection of capital investments on the basis of this agreement will promote development mutually advantageous trade and economic, sci-tech cooperation,

agreed with the following:

Article 1. Determinations

For the purposes of this agreement:

1. The term "investor" means concerning each of Contracting Parties:

a) any physical person who is the citizen of the state of this Contracting Party according to the legislation of this Contracting Party and competent to perform capital investments in the territory of other Contracting Party according to the legislation of the last Contracting Party;

b) concerning the Russian Federation:

any legal entity created or founded according to the legislation existing in the territory of the Russian Federation provided that this legal entity is competent to perform in accordance with the legislation of the Russian Federation capital investments in the territory of the Republic of Lithuania;

concerning the Republic of Lithuania:

any company founded and registered in the territory of the Republic of Lithuania according to its legislation.

2. The term "capital investments" means all types of property which invest the investor of one Contracting Party in the territory of other Contracting Party according to the legislation of the last, and includes, in particular, but not only:

a) personal and real estate, and also appropriate property rights;

b) shares, deposits, bonds and other forms of participation in the companies and companies;

c) requirements for money which invest for creation of economic values, and the requirement of any activities having economic value and connected with capital investments;

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