Agreement for the promotion and protection of investments

• Coming into Force: 01 August 1996
• Citation: UNTS v. 1957
• Registration Date: 13 January 1997
• Date of Conclusion: 15 March 1995
• Registration Number: 33501
• Subject Terms: Investments
• Type of Document: Bilateral
• Participants: United Kingdom of Great Britain and Northern Ireland,Venezuela
• Party Submitting the Application for Registration: United Kingdom of Great Britain and Northern Ireland

No.

33501

UNITED

KINGDOM

OF

GREAT

BRITAIN

AND

NORTHERN

IRELAND

and

VENEZUELA

Agreement

for

the

promotion

and

protection

of

investments.

Signed

at

London

on

15

March

1995

Authentic

texts:

English

and

Spanish.

Registered

by

the

United

Kingdom

of

Great

Britain

and

Northern

Ireland

on

13

January

1997.

ROYAUME-UNI DE

GRANDE-BRETAGNE

ET

D'IRLANDE

DU

NORD

et

VENEZUELA

Accord

relatif

i

la promotion

et

a

la

protection

des

investisse-

ments.

Signe

a

Londres

le

15

mars

1995

Textes

authentiques

:

anglais et

espagnol.

Enregistri

par

le

Royaume-Uni

de

Grande-Bretagne

et

d'Irlande

du

Nord

le

13

janvier

1997.

Vol.

1957,

1-33501

United

Nations

-

Treaty

Series

*

Nations Unies

-

Recueil des

Traitks

AGREEMENT

1

BETWEEN

THE

GOVERNMENT

OF

THE

UNITED

KINGDOM

OF

GREAT BRITAIN

AND

NORTHERN IRE-

LAND

AND

THE

GOVERNMENT

OF

THE

REPUBLIC

OF

VENEZUELA

FOR THE

PROMOTION

AND

PROTECTION

OF

INVESTMENTS

The

Government

of

the

United

Kingdom

of

Great

Britain

and

Northern

Ireland

and

the

Government

of

the Republic

of

Venezuela;

Desiring

to

create favourable

conditions

for

greater

investment by

nationals and

companies

of

one

State

in

the

territory of

the

other

State;

Recognising

that

the

encouragement

and

reciprocal

protection

under

international

agreement

of

such

investments

will

be

conducive

to

the

stimulation

of

individual

business

initiative

and

will

increase

prosperity

in

both

States;

Have

agreed

as follows:

ARTICLE

I

Defitions

For

the

purposes

of

this Agreement:

(a)

"investment"

means

every

kind

of

asset

and

in

particular, though

not

exclusively,

includes:

(i)

movable

and

immovable

property and

any

other

property

rights

such as

mortgages,

liens

or

pledges;

(ii)

shares

in

and

stock

and

debentures

of

a

company

and

any

other

form

of

participation

in

a

company;

(iii)

claims

to

money

or

to

any

performance

under

contract

having

a

financial

value;

(iv)

intellectual

property rights,

goodwill,

technical

processes

and

know-how;

(v)

business concessions

conferred

by

law

or

under contract,

including concessions

to

search

for,

cultivate, extract

or

exploit

natural

resources.

A

change

in

the

form

in

which

assets

are

invested

does

not

affect

their

character

as

investments;

(b) "returns"

means

the

amounts

yielded

by

an

investment

and

in

particular,

though

not

exclusively,

includes

profit,

interest,

capital

gains,

dividends,

royalties

and

fees;

(c)

"nationals"

means:

(i)

in

respect

of

the

United

Kingdom:

physical

persons

deriving

their

status

as

United

Kingdom

nationals

from the

law

in

force in

the

United

Kingdom;

(ii)

in

respect

of

Venezuela:

physical

persons

holding

Venezuelan

nationality in

accordance

with Venezuelan

law;

I

Came

into

force

on

1

August

1996

by

notification,

in

accordance

with

article

4.

Vol.

1957.

1-33501