AGREEMENT

of July 6, 1992

About the status of Economic Court of the Commonwealth of Independent States

The State Parties of this agreement, the hereinafter referred to as State Parties, for the purpose of establishment of the status of Economic Court of the Commonwealth of Independent States formed according to article 5 of the Agreement of Council of heads of states of the Commonwealth of Independent States about measures for ensuring improvement of calculations between the economic organizations of the countries of participants of the Commonwealth of Independent States of May 15, 1992 agreed as follows:

Article 1

Approve the enclosed Regulations on Economic Court of the Commonwealth of Independent States as integral part of this agreement.

Article 2

Establish quota of number of judges from the State Parties chosen (appointed) in register judges of Economic Court of the Commonwealth of Independent States in number of two people.

Article 3

The place of stay of Economic Court of the Commonwealth of Independent States is the city of Minsk, Republic of Belarus.

Article 3.1

Financing of Economic Court of the Commonwealth of Independent States is performed by the State Parties from the single budget of bodies of the CIS at the expense of contributions which size is determined by Council of Heads of Government of the Commonwealth of Independent States.

Article 3.2

The economic Court of the Commonwealth of Independent States performs the activities for consideration of specific cases in the ad hoc format.

The chairman of Economic Court of the Commonwealth of Independent States performs activities for the place of stay of Economic Court of the Commonwealth of Independent States on permanent basis.

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