UNCTAD INVESTMENT POLICY HUB
Concluded: 23 May 2003
In force: 30 May 2006
Article 1 Definitions 289
Article 2 Scope of the Agreement 290
Article 3 Promotion and Protection of Investment 290
Article 4 National Treatment and Most-Favoured-Nation Treatment 291
Article 5 Alienation 291
Article 6 Compensation for Losses 291
Article 7 Repatriation of Investment and Returns 292
Article 8 Subrogation 292
Article 9 Settlement of Disputes Between an Investor and a Contracting Party 292
Article 10 Disputes between the Contracting Parties 293
Article 11 Entry and Sojourn of Personnel 294
Article 12 Applicable Laws 294
Article 13 Application of other Rules 294
Article 14 Amendments and changes 294
Article 15 Entry into Force 294
Article 16 Duration and Termination 295
The Government of the Republic of India and the Government of the Republic of Armenia (hereinafter referred to as the “Contracting Parties”);
Desiring to create conditions favourable for fostering greater investment by investors of one State in the territory of the other State;
Recognising that the encouragement and reciprocal protection under International agreement of such investment will be conducive to the stimulation of individual business initiative and will increase prosperity in both States;
Have agreed as follows:
Article 1 Definitions
For the purposes of this Agreement:
(1) “Companies” means corporations, firms and associations incorporated or constituted or established under the law in force in any part of the Contracting Parties.
(2) “investment” means every kind of asset established or acquired including changes in the form of such investment, in accordance with the national laws of the Contracting Party in whose territory the investment is made and in particular, though not exclusively, includes:
(i) movable and immovable property as well as other rights such as mortgages, liens or pledges;
(ii) shares in and stock and debentures of a company and any other similar forms of participation in a company;
(iii) rights to money or to any performance under contract having a financial value;
(iv) intellectual property rights, in accordance with the relevant laws of the respective Contracting Party;
(v) business concessions conferred by law or under contract, including concessions to search for and extract oil and other minerals;
Review the options below to login to check your access.
Log in with your Cambridge Higher Education account to check access.
If you believe you should have access to this content, please contact your institutional librarian or consult our FAQ page for further information about accessing our content.