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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.

Article 4

The parties will provide free transfer after tax payment and charges and accomplishment of other obligations provided by the national legal system of the state of the Side of the location of the company, organization, organization, legally gained income in connection with activities of the joint businesses and companies which are property of the state of other Party, its legal entities and physical persons.

Article 5

The parties provide in use in the territory of the state the parcels of land for creation of objects of the social, production and scientific and technical sphere to other Party, legal entities and physical persons of its state. Procedure for provision of the parcels of land to other Party, and also payment for their use are performed in accordance with general practice, determined by the legislation of the state of the Side of the location of object.

Article 6

The decision on incorporating or privatization of the object relating to property of one of the Parties is accepted by the owner who informs on it in 10-day time from the date of adoption of the relevant decision other Party in the territory of which state this object is located.

Article 7

For the solution of questions on incorporating and privatization of specific object the commission consisting of representatives of the Party owner and Party in the territory of which state object is located is created.

Article 8

The property right to the earth on which the objects specified in Article 5 of this agreement are located is regulated by the legislation of the Party in the territory of which state there are property objects.

Article 9

The value assessment of the privatized property is made by the technique determined by the legislation of the state of the location of property at the time of creation of the commission on privatization of object.

Article 10

In case of privatization of the object specified in Article 5 of this agreement, members of its labor collective are granted the participation right in privatization according to the legislation of the state of the location of object.

Article 11

Legal status and activities of the companies, organizations, organizations and other objects specified in Articles 3 and 5 of this agreement are regulated according to the legislation of the state of the Party in the territory of which they are located and registered if other is not provided by other agreements of the Parties.

Article 12

The parties guarantee that the property right concerning property of the states of the Parties, their legal entities and physical persons within this agreement uses complete and unconditional legal protection. This property cannot be subjected to forced withdrawal, except as in exceptional cases, provided by legal acts. In cases of forced withdrawal of the mentioned property, and also according to the court order, to its owner relevant organs pay compensation which corresponds to estimated value of the withdrawn property, in the terms established by the legislation of the state of the Side of its location.

Article 13

Disputes between the Parties on interpretation and application of regulations of this agreement will be permitted by mutual consultations and negotiations at the different levels.

Article 14

According to the mutual arrangement of the Party can make to this agreement necessary additions and changes which are drawn up by the relevant protocols which are integral part of this agreement.

Article 15

This agreement is signed sine die and becomes effective from the moment of exchange of notifications on accomplishment of the interstate procedures by the Parties necessary for its entry into force.

Article 16

This agreement is terminated after six months from the moment of receipt diplomatic channels of the written notice of intention of one of the Parties to denounce this agreement.

It is made in the city of Minsk on March 30, 1999 in two authentic copies, everyone in the Kyrgyz, Belarusian and Russian languages, and all texts are equally authentic. In case of disagreements in interpretation the text in Russian has advantage.

 

FOR THE GOVERNMENT OF THE KYRGYZ REPUBLIC

FOR THE GOVERNMENT  OF THE REPUBLIC OF BELARUS

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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