ACIA-Section A

  1. A Member State shall not require that a juridical person of that Member State appoint to senior management positions, natural persons of any particular nationality.
  2. A Member State may require that a majority of the board of directors of a juridical person of that Member State, be of a particular nationality, or resident in the territory of the Member State, provided that this requirement does not materially impair the ability of the investor to exercise control over its investment.

Related Content

Article 27 – Disputes Between or Among Member States

The ASEAN Protocol on Enhanced Dispute Settlement Mechanism signed in Vientiane, Lao PDR on 29 November 2004, as…

Read More Article 27 – Disputes Between or Among Member States

Article 19 – Denial of Benefits

(a) an investor of another Member State that is a juridical person of such other Member State and…

Read More Article 19 – Denial of Benefits

Article 1 – Objective

The objective of this Agreement is to create a free and open investment regime in ASEAN in order to…

Read More Article 1 – Objective

Article 24 – Promotion of Investment

Member States shall cooperate in increasing awareness of ASEAN as an integrated investment area in order to increase foreign…

Read More Article 24 – Promotion of Investment

Comments are closed.

Close Search Window