definiens: means with respect to a Party, any Person that co ntrols, is controlled by, or is under common control with that Party . For the purpose of this de finition, shall mean direct or indirect ownership of more than fifty percent ( 50 % ) of the s hares of stock entitled to vote for the election of directors, in the case of a corporation, or more th an fifty percent ( 50 % ) of the equity interest in th e case of any other type of legal entity, or any other arr angement whereby the Person has the power to elect a majority of the board of directors or equivalent go verning body of a corporation or other entity, or t he ability to cause the direction of the management or policies of a corporation or other entity . The Par ties acknowledge that in the case of certain entities or ganized under the laws of certain countries, the maximum percentage ownership permitted by law for a foreign investor may be less 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 t o direct the management and policies of such entity