Convention on multinational corporations

of March 6, 1998

The State Parties of this Convention, in dalneyshemstorona,

realizing provisions of the Agreement on creation of Economic union of September 24, 1993,

considering necessary ensuring structural adjustment of economies of the State Parties of the Commonwealth, acceleration of scientific and technical progress,

aiming to provide favorable conditions for maintenance and development of production cooperation between the companies of the State Parties of the Commonwealth,

confirming the aspiration to increase the export potential and competitiveness of the companies of the State Parties of the Commonwealth,

promoting carrying out active industrial policy, deepening of integration and investment attraction,

attaching importance to use of modern forms of interaction in the field of productive, investing, business and financial and credit activity,

being guided by the Agreement on assistance in creation and development of the production, commercial, credit and financial, insurance and mixed transnational associations of April 15, 1994,

agreed as follows:

Part 1. General provisions

Article 1 Legal basis of activities of multinational corporations

1. This Convention establishes general bases of cooperation of the Parties in the field of creation and activities of multinational corporations (further - corporation).

2. The relations which are not settled by this Convention are regulated by bilateral agreements between the Parties, and also their national legal system.

3. Regulation of questions of application of this Convention is performed by the state body of the Party authorized on that performing registration of corporation.

4. The parties agreed that maintaining databank about the created corporations from bodies of the Commonwealth of Independent States performs Interstate economic Committee of Economic union.

5. When forming corporation each of the Parties proceeds from need of protection of the property rights to the property of legal entities of other Party located in its territory.

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