AGREEMENT BETWEEN THE GOVERNMENT OF THE
UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND AND THE GOVERNMENT OF THE REPUBLIC OF HONDURAS FOR THE PROMOTION AND PROTJj:CI10N OF INVESTMENTS .. The Government of the United Kingdom of Great Britain and Northern Ireland aria the Government of the Republic of Honduras;·" : 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 internati.onal 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 Defmitions
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 and 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 fmandal 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 and the term "investment" includes all investments, whether made before or after the date of entry into force of this Agreement provided that these comply with the legal requirements of the Contracting Party in whose territory they are made; (b) "returns" means the amounts yielded by an investment and in particular, though not exclusively, includes profit, interest, capital gains, dividends, royalties and fees; (c) "nationals" means: (i) in respect of the United Kingdom: physical persons deriving their status as United Kingdom nationals from the law in force in the United Kingdom; (ii) in respect of Honduras: physical persons deriving their status as Honduran nationals from the law in force in the Republic of Honduras; (d) "cOmpanies" means: (i) in respect of the United Kingdom: corporations, firms and associations incorporated or constituted under the law in force in any part of the United Kingdom or in any territory to which this Agreement is extended in accordance with the provisions of Article 12; (ii) in respect of Honduras: all legal persons constituted under the respective legislation in force in the Republic of Honduras;
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