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

of April 8, 1997

The agreement is ratified according to the Law of the Republic of Kazakhstan of October 28, 1997 No. 174-1, became effective from the date of exchange of instruments of ratification - since June 1, 2005.

The government of the Republic of Kazakhstan and the Government of the Kyrgyz Republic, the "Contracting parties" which further are referred to as,

understanding that encouragement and mutual protection of investments will promote development mutually advantageous trade and economic and sci-tech cooperation between two Contracting Parties, and also will increase welfare of both states,

aiming to create favorable conditions for investments of investors of one Contracting Party in the territory of other Contracting party, based on the principles of equality, mutual respect, sovereignty and mutual advantage,

agreed as follows:

Article 1 of Determination

For the purposes of this agreement:

1. The term "Investments" means any asset and, enclosed by the investor of one Contracting Party in the territory of other Contracting Party, in particular, but not only:

a) personal and real estate and any other related property rights, including mortgages, right to retain of mortgage or other pledge and money on accounts in banks and other financial institutions;

b) shares, deposits (shares), bonds, and other forms of participation in the companies, economic partnerships and societies, associations and in other legal entities recognized by the legislation registered according to the legislation of each of Contracting Parties;

c) the loans, the credits, purpose-oriented bank and financial deposits and other monetary claims connected with implementation of investments;

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