AGREEMENT

of March 20, 1992

About procedure for the dispute resolution, connected with implementation of economic activity

Governments of the State Parties of the Commonwealth of Independent States,

attaching importance to development of cooperation in the field of permission of the disputes connected with implementation of economic activity between the subjects which are in the different State Parties of the Commonwealth of Independent States

proceeding from need of providing to all business entities of equal opportunities for protection of the rights and legitimate interests,

agreed as follows:

Article 1. This agreement regulates questions of permission of the cases following from contractual and other civil relations between business entities from their relations with the state and other bodies, and also execution of decisions on them.

Article 2. For the purposes of this agreement business entities are understood as the companies, their combinations, the organization of any legal forms, and also the citizens having the status of the entrepreneur according to the legislation existing in the territory of the State Parties of the Commonwealth of Independent States, and their consolidation.

Article 3. Business entities of each of the State Parties of the Commonwealth of Independent States use in the territory of other State Party of the Commonwealth of Independent States the legal and judicial protection of the property rights and legitimate interests equal with business entities of this state.

Business entities of each State Party of the Commonwealth of Independent States have in the territory of other gosudarstvuchastnik of the Commonwealth of Independent States the right to turn freely to the courts, Arbitration (economic) Courts, reference tribunals and other bodies within which competence permission of the cases specified in Article 1 of this agreement is (further - competent courts) can act in them, initiate petitions, make claims and perform other legal proceedings.

Article 4. The competent court of the State Party of the Commonwealth of Independent States has the right to consider the disputes mentioned in Article 1 of this agreement if in the territory of this gosudarstvauchastnik of the Commonwealth of Independent States:

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