Article 1 Definitions

a) "investor" (with regard to each Contracting Party):

any natural person who is a citizen of the State of that Contracting Party making investments in the territory of the State of the other Contracting Party in accordance with the legislation of the State of the latter Contracting Party;

any legal person established or constituted under the legislation of the State of that Contracting Party making investments in the territory of the State of the other Contracting Party in accordance with the legislation of the State of the latter Contracting Party;

b) "investments" are all kinds of property assets invested by investor of one Contracting Party in the territory of the State of the other Contracting Party in accordance with the legislation of the State of the latter Contracting Party and in particular:

movable and immovable property;

shares, stocks and other forms of shared participation in the capital of commercial organizations;

claims to money invested for the purpose of creating economic values or under contracts having an economic value and related to investments;

exclusive rights to intellectual property (copyrights, patents, industrial designs, models, trade marks and service marks, technology, information having commercial value and "know-how");

rights conferred by the legislation of the State of the latter Contracting Party or under contract related to investments to conduct business activity related in particular to exploration, development, extraction and exploitation of natural resources.

Any change of the form of investments shall not affect their qualification as investments if such change does not contradict the legislation of the State of the Contracting Party in which territory the investments are made;

c) "returns" are the amounts yielded from investments and include, in particular, profit, dividends, interest, license and other fees.

d) "territory" is the territory of the Russian Federation or the territory of the Great Socialist People's Libyan Arab Jamahiriya as well as exclusive economic zone and continental shelf of the Russian Federation or the Great Socialist People's Libyan Arab Jamahiriya defined in accordance with the United Nations Convention on the Law of the Sea of 10 December 1982.

e) "legislation" is the laws and other regulations of the Russian Federation or the laws and other regulations of the Great Socialist People's Libyan Arab Jamahiriya.