definiens: means an entity that has a relationship directly or indirectly with another entity such that either entity isControlled by, Controlling, has the power to Control, or under common Control with the other entity, or a third partyControls, or has the power to Control, both of the entities, where means possession, directly or indirectly, of thepower to direct or cause the direction of the activities, management and policies of the relevant entity and in the case of acorporate entity shall include but not be limited to the holding of more than fifty percent ( 50 % ) of the share capital of theentity or the equivalent power or authority to elect more than fifty percent ( 50 % ) of the board of directors of such entity orthe equivalent management body . The Parties acknowledge that in the case of certain entities organized under the Lawsof certain countries outside of the EU, the maximum percentage ownership permitted by Law for a foreign investor may beless than fifty percent ( 50 % ), and that in such case such lower percentage shall be substituted in the preceding sentence, provided that such foreign investor has the power to direct the management and policies of such entity