Agreement between the Government of the Kyrgyz Republic and Government of the Republic of Belarus on mutual recognition of the rights and regulation of the relations of property

of March 30, 1999

The government of the Kyrgyz Republic and the Government of the Republic of Belarus which further are referred to as with the Parties according to the Agreement on the mutual recognition of the rights and regulation of the relations of property signed in the city of Bishkek on October 9, 1992 agreed as follows:

Article 1

The parties mutually recognize the transition to property of their states of property, including the financial resources, the companies, organizations, the organizations, their structural units and divisions of the former allied subordination located in the territories of the states of the Parties performed according to their national legal system.

Article 2

The right to sell, exchange, transfer to pledge, to lease, gratuitously or on a contract basis the property to other Party, its legal entities and physical persons is performed by bodies, authorized to dispose of state-owned property, according to legal acts of the Party of the owner of object.

Article 3

The parties agreed to promote preserving earlier created companies, the organizations and societies with equity or joint pattern of ownership of the Parties, including joint-stock companies, taking into account their economic feasibility.

The parties can create according to the joint decision of bodies, authorized to dispose of state-owned property, the companies with the state-owned, equity and joint property. The procedure for creation and activities of the specified companies is regulated by the legislation of the state of the Party in the territory of which they are registered if other is not provided by other agreements of the Parties.

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