TNAG-2827-FCO40-4080-Investment-Protection-and-Promotion-Agreements-(IPPA)-betwee-1993 — Page 31

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ARTICLE 1

Definitions

For the purposes of this Agreement

(1) "area":

(a)

(b)

in respect of Hong Kong includes Hong Kong Island, Kowloon and the New Territories;

in respect of the Kingdom of Sweden means its national territory and the maritime areas adjacent to the outer limit of the territorial sea over which the Kingdom excercises, in conformity with international law, sovereignty, sovereign rights or jurisdiction;

(2) "investors" means:

(a) in respect of Hong Kong:

(i)

(ii)

physical persons who have the right of abode in its area;

corporations, partnerships and associations incorporated or constituted under the law in force in its area (hereinafter referred to as "companies");

(b) in respect of the Kingdom of Sweden:

(i)

(ii)

physical persons who are its nationals;

legal persons constituted under its law (hereinafter referred to as "companies");

(3) "investments" means every kind of asset, held or invested directly or indirectly, and in particular, though not exclusively, includes:

(a) movable and immovable property and any other property rights such as mortgages, liens, pledges, leases or usufructs;

(b) shares in and stock, bonds and debentures of a company and rights derived therefrom and any other form of participation in a company including a joint venture;

(c) claims to money or other assets or to any performance under contract having a financial value;

(d) intellectual property rights, technical processes, trade names, know-how and goodwill;

(e) business concessions conferred by law or under contract, including concessions to search for, cultivate, extract or exploit natural resources;

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