Convention on protection of the rights of the investor

of March 28, 1997

The State Parties of this Convention, the hereinafter referred to as Parties,

considering effective protection of the rights of the investor necessary condition of development of economies of the Parties,

promoting investment attraction in national economies of the Parties,

being guided by the Agreement on creation of Economic union of September 24, 1993,

in development of the Agreement on cooperation in the field of investing activities of December 24, 1993,

aiming at creation of general investment space and the approved approach to the questions connected with investment attraction

agreed as follows:

Part I. General provisions

Article 1. Main terms

For the purposes of this Convention the following terms are used:

the investor - the state, the legal entity or physical person performing investments of own, loan or raised funds in the form of investments;

investments - enclosed by the investor financial and appliances in different objects of activities, and also the transferred rights to property and intellectual property for the purpose of profit earning (income) or achievement of social effect if they are not withdrawn from circulation or are not limited in turnover according to the national legal system of the Parties;

the investment country of source - the state in the territory of which the investor - the legal entity is registered or the citizen of which is the investor - physical person;

the country recipient - the state in the territory of which there is investment object;

the corporeal right - right of possession, uses and orders property.

Article 2. Sphere of operations of the Convention

This Convention determines the legal basis of implementation of different types of the investments registered in the territory of the Parties, and guarantee of the rights of investors for implementation of investments and income gained from them.

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