definiens: means, with respect to any entity, any corporatio n, firm, partnership or other entity which, at the time in question, directly or indirec tly controls, is controlled by or is under common control with such entity . For the purposes of this definition, an entity shall be deemed to have ( including with correlative meanings, and ) if such entity ( i ) owns, dire ctly or indirectly, more than fifty percent ( 50 % ) of the voting stock or shares of a corporatio n, or ( ii ) has the power to direct, directly or indirectly, or cause the directions of, the managem ent or policies of such person, whether through the ownership of voting securities, by contract or in any other manner . The Parties acknowledge that in the case of 2 certain entities organized under the laws of certai n 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 p receding sentence, provided that such foreign investor has the power to direct the management or policies of such entity