ANNEX I Schedule of Brunei Darussalam Headnote ... - SICE

SectorAll SectorsIndustry ClassificationObligations Concerned National Treatment (Article 12.4)DescriptionInvestmentIn the transfer or disposal of any interest in stock or assetheld in an existing state enterprise or governmental entity,Chile reserves the right to prohibit or impose limitations onthe ownership of said interest or asset and on the right offoreign investors or their investments to control any Statecompany created thereby or investments made by the same.In connection with any such transfer or disposal, Chile mayadopt or maintain any measure related to the nationality ofsenior management and members of the bard of directors.A “State company” shall mean any company owned orcontrolled by Chile by means of an interest share in theownership thereof, and it shall include any company createdafter the effective date of this Agreement for the solepurpose of selling or disposing of its interest share in thecapital or assets of an existing state enterprise orgovernmental entity.IV-CL-2