26 DE ABRIL DE 1997

jeziku, pri cemu su svi tekstovi jednako valjani. U slucaju bilo kakvog neslaganja u tumacenju, prevladat ce engleski tekst.

Za Portugalsku Republiku: Za Republiku Hrvatsku:

PROTOKOL

Prilikom potpisivanja ugovora izmedu Portugalske Republike i Republike Hrvatske o poticanju i uzajamnoj zastiti ulaganja u tu svrhu opunomceni potpisnici ugo-vorili su i slijedece odredbe, koje eine sastavni dio nave-denog ugovora.

1 — Pozivom na clanak 2. ovog ugovora: Odredbe clanka 2. ovog ugovora primjenjuju se kad

su ulagatelji jedne ugovorne stranke veé konstituirani na ozemlju druge ugovorne stranke, a zele proSiriti svoje djelatnosti ili obavljati svoje djelatnost u drugim sek-torima.

Takva de se ulaganja smatrati novima, te ce se u tom smislu, vrSiti u skladu s propisima o dopustanju ulaganja prema clanku 2. ovog ugovora.

2 — Prozivom na clanak 3. ovog ugovora: Ugovorne stranke smatraju da odredbe clanka 3. ovog

ugovora ne smiju ugroziti pravo bilo koje ugovorne stranke da primijeni odgovarajuce odredbe svog poreznog zakona koji pravi razliku izmedu poreznih obveznika koji nisu u istom polozaju glede njihovog mjesta boravka ili mjesta gdje je ulozen njihov kapital.

Sastavljen u ... dana ... na portugalskom, hrvatskom i engleskom jeziku, pri cemu su svi tekstovi jednako valjani. U slucaju neslaganja u tumacenju, prevladat ce engleski tekst.

Za Portugalsku Republiku:

Za Republiku Hrvatsku:

AGREEMENT BETWEEN THE PORTUGUESE REPUBLIC AND THE REPUBLIC OF CROATIA ON THE PROMOTION AND RECIPROCAL PROTECTION OF INVESTMENTS.

The Portuguese Republic and the Republic of Croatia, hereinafter referred to as the «Contracting Parties»:

Desiring to intensify the economic co-operation to the mutual benefit of both States;

666-(13)

Intending to create and maintain favourable conditions for investments made by investors of one Contracting Party in the territory of the other Contracting Party;

Recognizing the need to promote and protect foreign investments with the aim to foster the economic prosperity of both Contracting Parties;

have agreed as follows:

Article!

Definitions

For the purpose of this Agreement,

1 — The term «investment» shall mean every kind of asset invested by investors of one Contracting Party in the territory of the other Contracting Party in accordance with the laws and regulations of the latter including, in particular, though not exclusively:

a) Movable and immovable property as well as any other rights in rem, such as mortgages, liens, pledges and similar rights;

b) Shares, stocks, debentures, or other forms of interest in the equity of companies and/or economic interests from the respective activity;

c) Claims to money or to any performance under having an economic value;

• d) Intellectual property rights such as copyrights, patents, utility models, industrial designs or models, trade or service marks, trade names, trade and business secrets, technical processes, know-how and good will; e) Concessions conferred by law under a contract or an administrative act of a competent state authority, including concessions for prospecting, research and exploitation of natural resources.

Any alteration of the form in which assets are invested shall not affect their character as investments, provided that such a change does not contradict the laws and regulations of the relevant Contracting Party.

2 — The term «investor» means:

a) Natural persons having the nationality of either Contracting Party, in accordance with its laws; and

b) Legal persons, including corporations, commercial companies or other companies or associations, which have a main office in the territory of either Contracting Party and are incorporated or constituted in accordance with the law of that Contracting Party.

3 — The term «return» shall mean the amounts yielded by.investments, over a given period, in particular, though not exclusively, shall include profits, dividends, interests, royalties or other forms of income related to the investments including technical assistance fees.

In cases where the returns of investment, as defined above, are reinvested, the income resulting from the reinvestment shall also be considered as income related to the first investments.

4 — The term «territory» means the territory of either of the Contracting Parties, as well as those maritime areas, including the seabed and subsoil adjacent to the outer limit of the territorial sea of the above territory, over which the Contracting Party concerned exercises, in accordance with international law, sovereignty, sovereign rights or jurisdiction.