Federal Decree No. 35/1998 Agreement Between the Government of the United Arab Emirates and the Federal Republic of Germany for the Promotion and the Reciprocal Protection of Investments

The United Arab Emirates and The Federal Republic of Germany (hereafter collectively referred to as the Contracting States)

Desiring to intensify economic cooperation between both States and intending to create favourable conditions for investments by investors of one Contracting State in the territory of the other Contracting State,

Recognizing that the encouragement and reciprocal protection of such investments will be conducive to stimulation of private business initiative and will increase prosperity in both Contracting States,

Have agreed as follows:

Article 1 - Definitions

For the purposes of this Agreement:-

1- the term 'investment' shall comprise every kind of asset invested in any form by the investor of one Contracting State in the territory of the other Contracting State in accordance with its legislation.

Without restricting the generality of the foregoing the term 'investment' shall include:

a- movable and immovable property as well as any other property in rem such as mortgages, liens, pledges, usufruct and similar rights,