Agreement between the Government of the Republic of Kazakhstan and Government of the Republic of Latvia on encouragement and mutual protection of investments

of October 8, 2004

The government of the Republic of Kazakhstan and the Government of the Republic of Latvia hereinafter referred to as "Parties",

recognizing need to protect investments of investors of one Party in the territory of other Party on non-discriminatory basis;

wishing to promote expansion of economic cooperation in the field of investments of physical persons and legal entities of one Party in the territory of other Party;

recognizing that the arrangement on the mode provided to such investments will stimulate flow of private equity and economic development of the states of the Parties;

agreeing that the stable basis for investments will make contribution to the maximum increase in effective use of economic resources and will improve living standards,

agreed as follows:

Article 1. Determinations

For the purpose of this agreement,

1. The term "investment" means any kind of the assets put or enclosed by investors of one Party in the entrepreneurial purposes according to the national legal system of the state of other Party in the territory of the last, and also following from here is right, and in particular, but is not exclusive, can include:

(a) personal and real estate and property rights concerning it, such as lease, mortgage, rights to retain of property and pledges;

(b) shares, shares, debt obligations and any other form of participation in the company;

(c) monetary claims or any execution according to the contract having economic value;

(d) intellectual property rights, including copyright, trademarks, patents, industrial designs and technical processes, know-how, commercial secrets, trade names and goodwill;

(e) business concessions which are provided according to the law or according to the agreement, including concessions for search, developments, extraction or uses of natural resources.

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