LAW OF THE REPUBLIC OF MOLDOVA

of December 14, 2000 No. 1418-XIV

About financial and industrial groups

The Parliament adopts this organic law.

Chapter I General provisions

Article 1. Subject and purpose of this law

(1) This law determines conditions of creation, state registration, activities and liquidation of financial and industrial groups, the rights and obligations of their participants, and also provides protection of the rights and legitimate interests of participants of the specified groups.

(2) This law is designed to provide merging of the capital of financial institutions with the companies of real production sector for revival of investment processes in industries of national economy and creation of competitive productions.

Article 2. Legal basis of activities of financial and industrial groups

Financial and industrial groups in the activities are guided by the civil legislation, this law and international agreements, one of the parties of which is the Republic of Moldova.

Article 3. Coverage of this law

(1) This law extends to the financial and industrial groups created in the Republic of Moldova.

(2) Features of creation and legal status of transnational and interstate financial and industrial groups are determined by this law, other regulations, and also intergovernmental agreements, one of the parties of which is the Republic of Moldova.

Article 4. Basic concepts

In this law the following concepts are used in value:

financial and industrial group - the set of the legal entities who combined on the basis of the agreement fully or partially the tangible and intangible assets and acting as equal subjects of business activity for the purpose of implementation of the investment projects and programs directed to increase in competitiveness of domestic production and expansion of the markets of goods and services registered by authorized state body;

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