Agreement for the promotion and protection of investments

• Coming into Force: 01 August 1997
• Citation: UNTS v. 2004 (p.203)
• Date of Conclusion: 21 October 1991
• Registration Date: 10 February 1998
• Registration Number: 34348
• Subject Terms: Investments
• Type of Document: Bilateral
• Participants: United Kingdom of Great Britain and Northern Ireland,Uruguay
• Party Submitting the Application for Registration: United Kingdom of Great Britain and Northern Ireland

No.

34348

UNITED

KINGDOM

OF

GREAT

BRITAIN

AND

NORTHERN

IRELAND

and

URUGUAY

Agreement for

the

promotion

and

protection

of

investments.

Signed

at

London

on

21

October

1991

Authentic

texts:

English

and

Spanish.

Registered

by

the

United

Kingdom

of

Great

Britain

and

Northern

Ireland

on

10

February

1998.

ROYAUME-UNI

DE GRANDE-BRETAGNE

ET

D'IRLANDE

DU

NORD

et

URUGUAY

Accord

relatif

'a

la

promotion

et

i

la

protection

des

investisse-

ments.

Sign6

i

Londres

le

21

octobre

1991

Textes

authentiques

:

anglais

et

espagnol.

Enregistrd

par

le

Royaume-

Uni

de Grande-Bretagne

et

d'Irlande

du

Nord

le

lO

fvrier

1998.

Vol.

2004,

1-34348

204

United

Nations

-

Treaty

Series

e

Nations

Unies

-

Recuel

des

Trait~s

1998

AGREEMENT'

BETWEEN

THE

GOVERNMENT

OF

THE UNITED

KINGDOM

OF

GREAT

BRITAIN

AND

NORTHERN

IRELAND

AND

THE

GOVERNMENT

OF

THE

ORIENTAL

REPUBLIC

OF

URUGUAY

FOR

THE

PROMOTION

AND PROTECTION OF

IN-

VESTMENTS

The

Government

of

the

United

Kingdom

of Great

Britain

and

Northern

Ireland.

and

the

Government

of

the

Oriental

Republic

of

Uruguay;

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

1

Definitions

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

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. The

term

"investment"

includes

all

investments,

whether

made

before

or

after

the

date

of

entry

into

force

of

this

Agreement,

but

this Agreement

shall

in

no

case

apply

to

disputes

which

arose

before

its

entry

into

force;

(b)

"returns"

means the

amounts

yielded

by

an investment

and

in

particular,

though

not

exclusively,

includes

profit,

interest, captial

gains,

dividends, royalties

and

fees;

'Came

into force

on

1

August

1997

by notification,

in

accordance

with

article

12.

Vol.

2004,

1-34348