AGREEMENT BETWEEN THE GOVERNMENT OF THE RUSSIAN FEDERATION AND GOVERNMENT OF TURKMENISTAN

of March 25, 2009

About encouragement and mutual protection of investments

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

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

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

agreed as follows:

Article 1 of Determination

For the purposes of this agreement the following concepts mean:

a) "investor":

any physical person who is the citizen of the state of the Contracting Party according to its legislation;

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

b) "investments" - all types of objects of the civil laws which invest the investor of the state of one Contracting Party in the territory of the state of other Contracting Party according to the legislation of the state of the last Contracting Party and in particular, but it is not exclusive:

personal and real estate, and also the property rights and other rights having money value;

shares, deposits and other forms of equity in the capital of the commercial organizations, and also bonds;

right to claim on the money made for creation of economic values or under the agreements having economic value and connected with 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 legislation of the states of Contracting Parties or the agreements signed according to the legislation of the states of Contracting Parties, including, in particular, the rights connected with investigation, development, production and operation of natural resources.

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