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

of September 17, 1996

The government of the Republic of Kazakhstan and the Government of Georgia (hereinafter referred to as "Contracting parties"),

wishing to strengthen economic cooperation on long-term basis for mutual advantage of both Contracting Parties,

having intentions to create and support favorable conditions for investors of one Contracting Party in the territory of other Contracting Party,

recognizing that assistance and mutual protection of investments, according to this Agreement, will stimulate business initiative in this sphere,

agreed about the following:

Article 1 of Determination

For the purposes of this Agreement:

1. The term "investment" will cover any kind of the assets invested in connection with economic activity of investors of one Contracting Party in the territory of other Contracting Party according to the current legislation of the last and will include, in particular but not only:

a) personal and real estate, as well as any other rights, such as mortgages, the rights of content, providing on loan and the similar rights;

b) shares, securities and debt obligations of legal entities or property part of these legal entities;

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

d) intellectual property rights, including the copyright, trademarks, patents, industrial designs, engineering procedures, know-how, commercial secrets, brand names and goodwill connected with investment;

e) licenses and permissions according to the legislation.

Any change of form permitted by the legislation and other regulations of Contracting Parties in which assets are invested will not influence their nature as investments.

2. The term "investor" means any physical person or legal entity which invests on the territory of other Contracting Party:

a) the term "physical person" means any physical person which has nationality or the permanent residence in any of Contracting Parties according to its laws;

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