CONCLUSION OF ECONOMIC COURT OF COMMONWEALTH OF INDEPENDENT STATES

of May 23, 1996

About reference to cognizance of Economic Court of the Commonwealth of Independent States of disputes on indemnification of legal entities and physical persons - owners of currency deposits in Vnesheconombank of the USSR and its branches

The Supreme Arbitration Court of the Republic of Kazakhstan appealed to Economic Court of the Commonwealth of Independent States on cognizance of disputes on indemnification of legal entities and physical persons - owners of currency deposits in connection with zablokirovaniy after disintegration of the former USSR by Vnesheconombank and Government of the Russian Federation of currency accounts of Vnesheconombank of the USSR and its branches, and also about feasibility of reference of these disputes to cognizance of Economic Court of the Commonwealth of Independent States.

The economic Court by preparation of the conclusion was guided by the Agreement on the status of Economic Court of the Commonwealth of Independent States and Regulations on Economic Court of the Commonwealth of Independent States of July 6, 1992 according to which legal basis of reference of the disputes specified in request to cognizance of Economic Court of the Commonwealth of Independent States are agreements and other acts of the Commonwealth. Therefore as the legal base for carrying out research and preparation of the conclusion the agreements of the State Parties of the Commonwealth, other acts of the Commonwealth and its bodies (institutes) concerning the questions raised in request and also the normative and other acts of the State Parties of the Commonwealth adopted concerning repayment of debts of Vnesheconombank of the USSR to legal and physical litsamvladelets of currency deposits are determined.

The solution of question of repayment of debts of Vnesheconombank of the USSR to legal entities and physical persons - to residents of the former USSR is depending on the solution of questions of separation between the states - the republics of the former USSR of internal and external currency debt of the USSR that caused additional inclusion in research object by preparation of this conclusion of the acts adopted on these questions.

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