ALCA FTAA ZLEA - Investment: Scope - Paraguay/Peru

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Investment Agreements in the Western Hemisphere: A Compendium

Agreement Between Paraguay and Peru
31 January 1994

Subject: I. Scope of Application

A. Definition of Investment

B. Definition of Investor

1. Nationals
"National" of a Party means a natural person who is a national of that Party under its laws. (Article 1 (4) (a)).

2. Companies
The term "company" means any legal person, including commercial or any other company or association with legal personality, which participates in any economic activity within the scope of the Agreement. The company is considered a "national of a Party" when it is constituted according to said Party's laws or when it is controlled, directly or indirectly, by nationals of that Party. (Article 1 (3) (4) (b)).

C. Application in Time
Date of signature: January 31, 1994 Entry into force: The Agreement enters into force thirty days after both Contracting Parties have notified each other that their respective internal legal procedures have been fulfilled. Duration: 15 years. Thereafter it shall be extended automatically for ten year periods, unless notice of termination has been given, at least six months before the expiry of the current period of validity.


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