THE DECISION OF COUNCIL OF CHAIRMEN OF THE SUPREME ARBITRATION, ECONOMIC, ECONOMIC AND OTHER COURTS RESOLVING CASES ON DISPUTES IN THE FIELD OF ECONOMY OF COMMONWEALTH OF INDEPENDENT STATES

of October 28, 2004 No. 8

Council of chairmen of the supreme Arbitration, economic, economic and other courts resolving cases on disputes in the field of economy (further - Council of chairmen), having discussed question of implementation of the Decision of Council of heads of states of the Commonwealth of Independent States (further - the Decision of Council of heads of states of the CIS) of September 16, 2004 "About the Chairman of Economic Court of the Commonwealth of Independent States and transfer of Economic Court of the Commonwealth of Independent States into session basis of activities" and having noted that for the period the activities the Economic Court of the Commonwealth of Independent States (further - Economic Court) accumulated extensive experience of realization of regulations and the principles of international law, implementation of justice in the field of economy, and also performs functions of Court of Eurasian economic community, considering feasibility of consideration by single judicial authority, economic disputes, arising in other interstate educations created on space of the Commonwealth of Independent States (Common economic space, the Central Asian Economic Community Organization, the Union State of the Republic of Belarus and the Russian Federation) according to Articles 2 and 8 of the Regulations on Council of chairmen, DECIDED:

1. Being guided by the Decision of Council of heads of states of the CIS of September 16, 2004 "About the Chairman of Economic Court of the Commonwealth of Independent States and transfer of Economic Court of the Commonwealth of Independent States into session basis of activities", Council of chairmen considers expedient that:

1.1. The economic Court keeps the status of international court.

1.2. To judges of Economic Court legal status of judges of international court remains.

1.3. Raise role of the Plenum of Economic Court by expansion of its competence.

1.4. The office of Economic Court keeps the status of the body performing legal, organizational, is material - technical, information and other supply of activities of Economic Court.

1.5. Financing of Economic Court continues to be performed by the State Parties of the Agreement on the status of Economic Court from means of the single budget of bodies of the Commonwealth. At the same time it is necessary to consider that further reducing the number of staff of Economic Court and its financing can lead to the termination of activities of the single international judicial authority in the territory of the Commonwealth of Independent States.

2. Address Council of heads of states of the Commonwealth of Independent States with request to consider the draft of the Protocol on modification and amendments in the Agreement on the status of Economic Court of the Commonwealth of Independent States of July 6, 1992 approved by Council of Foreign Ministers of the Commonwealth of Independent States on March 26, 2004.

3. Recommend to the Plenum of Economic Court to make till January 1, 2005 corresponding changes and additions to Regulations of Economic Court in connection with transition to session basis of activities.

4. To economic Court till January 1, 2005 to inform Council of heads of states of the Commonwealth of Independent States on execution of decisions of Council of heads of states of the CIS on bringing to the established number of judges of Economic Court (one judge from gosudarstvauchastnik) and transition to session basis of activities.

5. To members of council of chairmen to bring information on this decision of Council of chairmen to the attention of the heads of states who signed the Agreement on Council of chairmen.

6. Charge to the Chairman of the board of chairmen to bring this decision to the attention of Council of heads of states, Council of Heads of Government, Council of Foreign Ministers of the State Parties of the Commonwealth of Independent States, Commonwealths of Independent States Executive committee, Economic Court and other interested bodies of the Commonwealth.

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