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

of September 15, 2001

The government of the Russian Federation and the Government of the Republic of Armenia 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 stimulate capital inflow and to promote development mutually advantageous trade and economic and sci-tech cooperation,

agreed with the following:

Article 1. Determinations

For the purposes of this agreement the following concepts mean:

a) "investor" (concerning each of Contracting Parties):

any physical person who is the citizen of the state of this Contracting Party;

any legal entity created or founded according to the legislation of this Contracting Party;

b) "capital investments" - 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 in particular:

personal and real estate;

shares, deposits and other forms of equity participation of the commercial organizations;

right to claim on the money made for creation of economic values or under the agreements having economic value and connected with capital investments;

exclusive rights on intellectual property items (copyright, patents, industrial designs, models, trademarks or service marks, technology, information having the commercial value, and know-how);

the rights to implementation of business activity granted on the basis of the law or the agreement, including, in particular, connected with investigation, development, production and operation of natural resources.

No change of form of capital investments influences their qualification as capital investments if such change does not contradict the current legislation of the Contracting Party in the territory of which capital investments are performed;

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