Examples of Luxembourg Treaty in a sentence
As to “objects and purposes”, the preamble to the Luxembourg Treaty notes that the Contracting Parties desire to “ strengthen their economic cooperation by creating favorable conditions for investments to be made by investors of [either] Contracting Party” and that they consider the Treaty to have a “beneficial influence” on “reinforcing confidence in the area of investment”.
It is Tenaris’ own operation within Luxembourg that must be examined for the purposes of the Luxembourg Treaty.
The budget was always regularly approved during the 1970s, as the request for qualified majority voting in the Council avoided the problems that ordinary legislation met because of the application of the Luxembourg compromise and of the unanimity rule.The Luxembourg Treaty (1970) and the Brussels Treaty (1975) modified the original outline, upgrading the power of the Parliament to strengthen the democratic legitimacy of the Community.
Tenaris is thus entitled to the protections afforded to an investor under the Luxembourg Treaty and Talta is both entitled to the protections afforded to an investor under the Portuguese Treaty and, by virtue of its standing as a wholly owned subsidiary of Tenaris, to those available to an investor under the Luxembourg Treaty, as well.
Source : Trident trust, Hong-Kong Luxembourg Treaty Memo, http://www.tridenttrust.com/PDFs/THKO-TLUX-Treaty-Memo.pdf 6) Other incentives by entity Investment fundsInvestment funds resident in Luxembourg generally are exempt from corporate income tax, municipal business tax, and withholding tax on dividends.
Venezuela also dismissed Claimants’ suggestion that the cover afforded by Article 1(2)(c) of the Luxembourg Treaty was “ automatic” 210 and that, by application of Article 1 (2)(e), it extended to all “contractual obligations”.
Whereas the concepts of “citizen” and corporate “constitution” in the Luxembourg Treaty, and “national” and “constitution and functioning” in the Portuguese Treaty, contain a specific and express renvoi to the domestic laws of the parties to the Treaties, the terms “siège social” and “sede” in the respective Treaties do not.
On the basis of the submissions and the evidence that it has received and reviewed above, and judged fairly against the nature of each company, the Tribunal concludes that it has jurisdiction ratione personae over Claimants: Tenaris has established that, in accordance with the terms of the Luxembourg Treaty, its “siège social” is in Luxembourg.
The 1970 Luxembourg Treaty then introduced this distinction, giving control of NCE to the Assembly (later the Parliament).
Given the opposition of France to the transfer of powers away from the member states (through the Council) to the Assembly in 1965, it approved of the distinction made in the Luxembourg Treaty as it believed the arrangements placed an effective limit on the autonomy of the Assembly.