definiens: means, with respect to each Party, any Person that directly or indirectly is controlled by, controls or is under commoncontrol with a Party . For the purposes of this definition only, the term ( including, with correlative meanings, the terms and ) as used with respect to a Person means ( a ) in the case of a corporate entity, direct or indirect ownership ofvoting securities entitled to cast at least fifty percent ( 50 % ) of the votes in the election of directors or ( b ) in the case of a non - corporateentity, direct or indirect ownership of at least fifty percent ( 50 % ) of the equity interests with the power to direct the management and policiesof such entity ; provided that, if local Laws restrict foreign ownership, control shall be established by direct or indirect ownership ofthe maximum ownership percentage that may, under such local Laws, be owned by foreign interests, but only if such lower percentageprovides such Person with the power to direct the management and policies of such entity