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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:

a) the defendant had the permanent residence or the location on the date of presentation of the claim.

If several defendants who are in the territory of the different State Parties of the Commonwealth participate in case, the dispute is considered in the location of any defendant in the choice of the claimant;

b) trading, industrial or other economic activity of the company (branch) of the defendant is performed;

c) it is performed or shall be fully or partially fulfilled the obligation from the agreement which is matter in issue;

d) the action or other circumstance which formed the basis for the requirement about indemnification took place;

e) the claimant in the claim for protection of goodwill has the permanent residence or the location;

e) there is partner-supplier, the contractor or rendering services (performing works), and the dispute concerns the conclusion, change and agreement cancelation.

2. Competent courts of the State Parties of the Commonwealth of Independent States consider cases and in other cases if about it there is written agreement of the Parties about transfer of dispute to this court.

In the presence of such agreement the court of other State Party of the Commonwealth stops proceedings according to the statement of defense if such statement is made before decision making on case.

3. Claims of subjects of managing for the property right to real estate are considered only by court of gosudarstvauchastnik of the Commonwealth of Independent States in the territory of which there is property.

4. About recognition invalid fully or partially the acts of the state and other bodies which are not dealing normative nature, and also about indemnification, caused to economic subjects by such acts or arisen owing to improper execution by the specified bodies of the obligations in relation to business entities, are considered only by court in the location of the specified body.

The competence of the courts specified in Items 3 and 4 cannot be changed by the agreement of the Parties.

5. The counter action and the requirement about offsetting following from the same legal relationship as the underlying suit, are subject to consideration in that court which considers the underlying suit.

Article 5. Competent courts and other bodies of the State Parties of the Commonwealth of Independent States shall afford mutual legal assistance.

Mutual rendering legal assistance includes delivery and transfer of documents and accomplishment of legal proceedings, in particular conducting examination, hearing of the Parties, witnesses, experts and other persons.

When rendering legal assistance competent courts and other bodies of the State Parties of the Commonwealth of Independent States communicate with each other directly.

In case of execution of the order about rendering legal assistance competent courts and other bodies at which the help is asked apply the legislation of the state.

In case of the address about rendering legal assistance and execution of decisions the enclosed documents are stated in language of the requesting state or in Russian.

Article 6. The documents issued or certified by organization or specially authorized person within their competence in the established form and sealed official in the territory of one of the State Parties of the Commonwealth of Independent States are accepted in the territory of other State Parties of the Commonwealth of Independent States without any special certificate.

Documents which in the territory of one of the State Parties of the Commonwealth of Independent States are considered as official documents use evidential force of official documents in the territory of other State Parties of the Commonwealth of Independent States.

Article 7. The State Parties of the Commonwealth of Independent States are mutually recognized and perform the solutions of competent courts which took legal effect.

The decisions passed by competent courts of one gosudarstvauchastnik of the Commonwealth of Independent States are subject to execution in the territory of other State Parties of the Commonwealth of Independent States.

The decisions passed by competent court of one gosudarstvauchastnik of the Commonwealth of Independent States regarding the address of claim to property of the defendant are subject to execution in the territory of other State Party of the Commonwealth of Independent States by the bodies appointed by court or determined by the legislation of this state.

Article 8. Carrying out of the decision is made according to the petition of the concerned party.

Are applied to the petition:

properly the verified copy of the decision about which forced execution the petition is initiated;

the official document that the decision took legal effect if it is not visible from the text of the decision;

proofs of the notice of other Party on process;

executive document.

Article 9. Carrying out of the decision it can be refused at the request of the Party against which it is directed, only if this Party provides to competent court in the place where carrying out, proofs of that is asked:

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