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VHBecThpOBaHHbIX B CBl3V C aKoHoMw1ecKov ,L>RTeflbHOCTbl0 L'lHBeCTOpOB o,EHo ,n,oroBapMsaIoLLevc CTopoHbl Ha TeppvTOpUM LpyrO. floroBapvBaIouJ.eO1 CTOpOHbI B COOTBCTCTBVIU. C .n.e1CTByIOLLW1M

3aKoHo.raTenbcTBoM flOcJ1eHei V BKJ1I0BTb, B '-1aCTHOCT]4, HO H

VCKJ1Io'-U'lTeJlbHO a) BM)(VMO V HeBM)X1'1MOe VMyLLJ.eCTBO V illo6ble UMyU400TBeHHbIe

npaBa, TaKVe, KK VnoTe-Hoe npaBO, aanoroaoe ripaao fri noo6i-ibie npaBa;

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peVHBeCTL4pOBaHHbIe 00X0J!,bl, LeneBbIe aI-iKOBcKv1e V cjDvHaHCoBbIe BKJ1BLI.bl,

CB3BHHbl C ocyweCTBneHUeM I,1HBeCTMLLk1L4 ) ,L1,eHe)KHbIe Tpe6OBaHI/1 MuM i1}o6ble pyrve npaBa Tpe6bBaH1cl,

CB3HHbI C eclTeJIbHOCTbI0, MMeloue c1M4HaHCOBY1O 3Ha'*lMOCTb r) npaa 4HTJ1J1KTVJibHO1 CO6CTBeHHOcTM, sKnIo'-1a-1 aBTopcKMe

npaBa, TOBBHbI 3HaKV, flaTehTbt, r1poMbIwJ1eHHbIe O6pa3LbI,

TexHouorw-lecKve npoueccii, Hcy-xay, KOMMep'-eCKVe ceKpeTbI, cVpMeHHbIe

H3BHMl V rynBVii, CBi3HHbIC C

) i1MLJeH3V1'1 V papeweii B cooTBeTcTBfr1V C 3aKOFOaTeJ1bCTBO-

BKn}0'-a KOHLIeCCVL'1 Ha pa3Be,IJj('J, O6bNy, pa3pa6oTKy v scnnyaTau.v'o

flpVp0.LHblX pecypcos; -- - --

I1io6ai cMeHa cOpMbI, B KOTOO1 KTVBbl L4HBecTpoBaHbI, He 6yD,eT

BJ1MTb H MX xapaep KBK VHBeCThLU4V. 2. TBPMVH "MHBBCTOP" o3Ha'-taeT: a) no6oe V3v'-1ecKoe nVuo, K0T0p0e VMeeT rpa)K,C.aHCTBO MuM

r1OCT01HHOO MeCTO)4a1TeTeJ1bCTBO B nio6oii va ,fl,oroBapMBaIow.Mxcc CTOpOH B

COOTBBTCTBfr1V C ee 3aKoHaMt4;

Page 9: c)Qnaob - italaw

6) iio6oe opVeCKOe J1VLJ.O, c03,n.aHHoe B COOTBOTCTBL4V C

eCTByFOW.VM 3aKoHo,n.alenbcTBoM Ka)Kfl.o V3 oroBapvsaouu'1xc CTopoH, KOTOPbI ocyw.ecTarwuoT VHBCTVL4Vk1 Ha TPPVTOPVV .n.pyrol/1

fl,orosapvBaIowci CTOpOHbi; 3. TePMIIH "LI.OXObI" o3Ha-aeT ,LeHexu-ibIe C'/MMbI, nony-1eHHbIe B

pe3yflbTaTe VHBeCTL'lLI.Vt'l V BK1O'-T, B '-1aCTHOCTV, HO He VcKnlo'-wlTenbHo,

)JOXObI, flpOLteHTbI, flt4PoCT KanVTaJ]a, VBUJJ.eHEbI, pOJ1TV, V niiay 3a

yCJ1yFV. 4. TepMVH "TeppVTopV" o3Ha'-3aeT:

no OTHOWHVIO K rpy3Vv: feppVTOpVO rpy3I4V C TeppVTOpVaJ1bHbIMI'l

BoaMV V MOPCKVM paöHoM 3a TepvTopv1aJ1bHbIMV 3oaMV, KOTOpa5

o6oaHa'-leHa k1J1 B öy.n,vw,eM 6yeT o6o3HaeHaKoHoa1eJbcTBoM Epy3VI1

B COOTBTCTBV14 C flpaBOMKaK- ieppVTOptR, B npeLeJ1ax

KOTOPO rpy3V MQKeT ocyLLecTan51m COV cyBepeHHIe npBa flL

OTHOWeHVO HeLp, MOFJCKOIO Ha, KoHTVHeHmj1bHorQuiejm.cba V flVOHbIX

pëcypcos. -

no OThOWHVIC K A3ep6a<aHcKo PecnyôJ1vKe: TCVTOPVIO

A3ep6aaNcKo1 PecnyônuKv, BK1Ho-1a BHTHHV BOLI.bl

A3ep6aRip<aHcKo Fecny6i1v1KV, cecrop KacnVcKoro MOP5I (o3epa),

npacuieaau.iti Asep6a )KHCKOL Pecny6JmKe, BO3LI.YWHOe flPOCTPHCTBO Ha A3ep6apiaHcKol Pecny6nvKo1, a TacKe nio6yio n.pyryio TeppVTopVIO,

onpeeflieMylo VT1V KOTOO 6yLeT onpeieiiicci B 6y,n.yaeM B

COOTBeTCTBiIIV c MeKqyHapoHbiM flBOM V HaLI'1OHaJ1bHbIM

3KOHOTi1bCTBOM A3ep6ao)l<aHcKo1 Pecny6rIVKV, B npeiiax KOTOpOL' A3ep.6aJ,<aHcKa pecny6ilVKa OCyL1J.eCTBJ151eT CBOV npaaa no

OTHOUJHVIO Heap, MOCKO1O Ha, KoHTVHeHTanbHoro weflbcla V flPVPOHbX

pecypcoB.

CT Tb 512

flpL4Me.ew4e Toro C.orjlaweHllsi

YCJ1oBVc1 ioro CornaweHv 6yJJ/T 1pVMeHclThC51 KO BCM VHBeCTVL4Ll51M, ocyLi4ecTBJ1eHHbiM VHBCTOPMV OLI.HO fl,orOBapV6aIOL1Jel'1C51 CTopoHbl Ha TPPL4TOPL4V npyro floroBapvBalow.eIc.R CTopoHbI KK o, TK

V nocne BCTYflJ1HV51 B )J1CTBV 3Toro CornaweHVc -

CT Tb 513

nooLupeFn4e ii 3aLI4I1Ta 1HBeCTMLW1

U

1. Kanai .LoroBapVBaiow.a51c CTopoHa 6yeT nooWp51Tb V Co3D,aBaTb 6naronpv51THbIe YCJ1OBV51 L1J151 t1HBeCTOpOB pyro

oroBapVBaw.ec1 CTopoHbl W1l oCyu1eCTBneHv 1 MHBeCTULIV Ha CBOV

TeppVTopVV V .n.OnyCKaTb TKV VHBeCTVL!,V1V B cooTaeTcTBVL1 C ee 3KOHMV

V 11PaBVJ1aMV.

Page 10: c)Qnaob - italaw

3

2. -eecTVLW1,1 t4HBecTOPOB mo6o3 ,fl,oroeaPVsa W'1XCl CTopOH

noJ1b3y1OTC5l cnpaBeAn/1BblM w pa6HOnPaBHblM oTHoweH,1eM, flOi1HOI'l

3aw.vTov V 6e3OflaCHOCTb Ha Teppl'lTopvV ,c.pyrOv )JoroBapVBalou&eMc

CTOpOHbl.

CT aT

NaLiOHaflbHbI pe)K16M Li peNcliM liaLi6011bwe10

6.n a ro up 0TCT13 0 Bali Li ci

1. Kaai E1oroBaPVBalOuJ.aC1 OTopol-la Ha csoei TeppvTopvwl

npeOCTaBVT L,1HBeCTL/1W45M VHBeCTOPOB ,pyroi fl,oroBaP4BalOW,eVC

CTopoHbl pe)Kt'1M, KOTOpblt'l 51BJW1eTC1 cn.pBe,W1vBbIM V paBHbIM v He MeHee jiaronpumbIM, '-1eM TOT, KOTOpbR4 OHa npeOCTaBJ]eT VHBecTVUVRM CBOt'IX

O6TCTBeHHbIX 1i1l-iBecTopoB 'inii I4HBecTopoB i-uio6oro TpeTbeorocy.apcTBa.

2 KaKn.al fl,oroBapVBa10W.acic CTOpOHa Ha cBOe TppMTOPVV

flpe.18.B1T • v1HBecn'1LwlM vHBecTOpOB JpyVO1 CiopàHbl no moweHvo K ynpaBneHvlo1 noJ1ep)KKec L,lcnojlb3oaHVlo I/I

paCflOp5DKeHL'lIO C3OV1MI'l vHeecTwuvM'1 peKL'lMr KOTOpbIL'1 BflTC

cnpaseJrflVeblM V paBl-IbtM 1/1 He MeHee 6jlaronpticlTHblM, '-1eM TOT, KOTOPblr

oHa npe.fl,OCTaBJ1leT VHBecTV'1lAclM CBOVX COÔCTBeHF-BDIX MHBecTOpoB L'lJlV

vNeecTopOB jiio6oro TpeTbero rocyLapcTBa.

3. flonoKeHt'icl nyHKTOB 1 v 2 TO cTamV He I,lcTojlKoablealoT C TaM,

'-1TO6bl O6l3aTb OHY ,fl,O1OBaP14BOLLW1OC1 CTOPOHY paCflpOCTPaHL'lTb Ha i,1HecTopoB pyrol orOapMBalOU1e1C CTopoNbl BblVO.IJ.Y OT j-iioôoro

pe)(l/1Ma, npecepeHLU'1L'1 VJ1L'l nplABUJ1erl1L'1,• KOTOpbIe MOT 6bITb

pacflpOCTpaHeHbl nOCfle.LJ.He1 ,fl,oroBapvBaIoweL'1cu CTopoHO1, eblTeKalolw'le

a) J1}06010 TaMo)KeHHOrO colo3a VJ1L4 3OHbl CBO6O,flHOV1 Toproeilvl, i,i.nv

no,006HbIX Me)fccl.yHapoLu-ibtx Corj1aweHv1, KoTopble w1L'1UOT Na vHeecTvuuoHHbn'l pe)Kif1M coTpyn.Hv'-lecTBa VJ1t4 pyrVe cOpMbI

peVU1OHaJ1bHO1O coTpyHt4'-ecTBa, y'-aCTHVKOM KoTOpbIX nio6a

orOBap1BalOw.a5IC cTopoHa BJ1TC I'lJlV MO)KeT cTam;

6) n106oro Mewn.yHapo.n.Horo CornaiJieHL4l k1J1V orbBOpeHHOCTV

KOTOpbIe€KaCaIOTC noi1HOCTblO- iint'u '-aCTV'-HO Hailoroo6no)KeHvw1.

Ci aT 1,515

KoMneHcaLLi5l 3a noTepLi

1. Kora VHBeCTVL!.VV L1HBeCTOpOB JiIO6OI oroeapL4BaloW.evc CTopoHbl HecyT nOTept4. V3-3a BO1'1Hb, BOOpy)KeNHOrO KOHcPJ1I.1KTa,

Haw,loHajmHorO pe3BbNal/1HOrO noJ1oKeHlA1, nepeopoTa1 BOCCTaHl1ci,

3aroBopa, cTuxVlHOrO 6eL1.CTBL4, aBapL4i1, VJ1I/1 pyrx floLO6HbIX

O6CTOcITeJThCTB Ha TeppvTopL'n'l oroeapVBaoUe1C3 ClopoHbl, VM 6yn.eT npeoCTaBJ151TbC1 L,pyrol )JoroBapt1BalOLUeVCcl CTopoHo pe)KVM, no oTHowet-1u10 K peCTI4TyLW1V, BoaMew.eHvlo, KOM11eHCaLI.1'1t4 UJ]I'I L.pyroro

peWeHVcl, He MH6 6iaronpvwiTHbI, '-eM TOT, KOTOpbIt/l noceo.H51

I I

Page 11: c)Qnaob - italaw

S

4

)1,orOBapt'1BaIOLLtacC51 CTopoHa npeOCTaBi1eT L1HBecTk1Lt'15IM CBOL'lX

co6cTBeHHbix MHBecTOpOB k1J1V t'lHBeCTOpOB J1}06010 TpeTbero rocyJapcTBa.

2. He npenTCTB'y1 yCflOBL'WM flHKT 1 3TO cTaTbV, UHBeCTOpbI

o,D,Hoi1 EloroBapVBaIOLi4eVC 1 CTopoHbI KOTOpbte BO BpeM KKVX 6b1 TO HL'l

6bIJ1O CO6bIT1i1V, ynOMclHyTbIX B 3TOM nyHKTe, Hecyi flOTBPVI Ha TeppVTOpII1L4

pyro'1 floroBapI'1BaIowe14c51 ClopoHbl, KoTopble BO3HVKBOT B peayimTaTe: a) peKBt'13VLU'1V UX CO6CTBeHHOCTL'l ee cvnaMv VJ1V BJ1aCT1MV

6) paapyweHucl L'lX co6cTBeHHocm ee CVJ1MV UJIL4 BJ1aCTIMV

KoTopble He ôblJ1V Bbl3BHbI BoeHHbIMV ,D,eCTBt4clMM iJ1ti i-se 6iinv Bbt3BaHbl

Heo6XO,W4MOCTb}O cVTyaU,VV, 6yeT npeJOcTaB.J1eHa cnpaeflJ1t'1Ba1 V aeKBaaci KoMneHcau,VR 3a

noTepv KoTopbIe 6bIJ1L4 noHeceHbl VHBecTopaMV so speci peKsL'laVLWlV MJ1L'l

KK pe3yflbTaT pa3pyeHV51 CO6CTBeHHOCTU.

- fliiarewi'i, KoTpble soafu.iKaloT, 6yYT nepeBO.LU.1TbCl B CBO6O,O,HO

KoHsepn'ipyeMow aai1EOTe 6,3 3a,rep)KKV

CTa T b 51 6

3Kcnponp1aLM51

1. V1HBeCTI'1LU4L'1 VHsecTopos J1IO6OV J11oroBapL4BaIow,evc ClopoHbl He

6YLWT HaLw1oHanv3vposaHbI, 3KCnpOnpt/1VpOBaHbl, Un V flOBep)XeHbI MepaM,

vMeRJw,t'IM 3ceKT, 3KBI4BaneHTHER'l HaLW1OHaJ1V3aLtUV I,1J1V aKcnpOnpt'1aU'n'1 (B

,EJ,aJ1bHel'1weM t4MeHyeTci "3KcnponpVawtc1") Ha TeppvTOpUV ,cpyro1

)J,oroBapVBacLuevcl CTOpOHEI, KOMB O6LI4eCTBeHHbIX u.ene.

3KcnponpVaLwwl 6y,ei npOBO,W'1TbCB 000TBeTCTBUt'l C cyoflpOU3BOD,CTBOM

Ha HeL1.VCKpVML1HaLWiOHHOI4 ocHoBe V 6y,n.eT cOnpOBO)K,D,aTbCcl CI1OBV3MV 0

BbinilaTe HeMeJ3,J1eHHoV a,L!,eKBaTHo1 V acj4eFcrVBHoW KoMneHcau'n'1. Taa

KOMneHcaLJ.i4I 6y.eT paBH51TbC • pbll-lot-lHoV u.eHe VHBeCTVLfL41, KO1,O. 06

3KcnpOnpVaLI,LIIU VJ1V yrpoae 3KcnponpVaU,MV CTJ1O O6LLI,eV3BeCTHO, 6yeT

BKJ1Io'-aTb' npoLl.eHT C TbI aKcnponpvaLullv no CTBK LIBOR, 6yeT

BbIflna'-eHa B BaJ1IOTe, B KOTOOV 6bLila ocyw,ecTBJ1eHa wKBecn'1'Wl, tIIJ1V no

corilaUJeHt4lo cTopoH B jiio6oi pyroi npMeMfleMo ,n,nci VHBecTopa BaJiloTe,

15yji.ei J4enaTbc öea 3aep)<KM, 6y,fl.eT TaKo, KoTopa1 - 3ccjeKtUaHo

peaJ1V3yeTc5i V C3060.DkiO [1ePBOLJ.VTC 1. -- -

2. floTepneawvI UHBCTO 6y,eT MMTb npao Ha HeMe,EI,J1eHHbIV

nepeCMOTp cy,e6Ho BJ1acmIO 3TO1 ,oroBapvBa}ou1e'1c3 ClopoHbl ero

cJiy'-iai, V OU.eHICY ero VHBecTVLJ'1 COOTBeTCTBeHHO C npvHu,vnaMv,

V3no)KeHHbIMV B 3TO1 cTaThe. 3. flonoei-wwi nyHTa 1 aio CTaTbV TIOKB 6yeT npVMeHrFbC1 Tor)a,

ora oroaapUBaW.acC1 CTopoHa 3KcnponpL'n1pyeT KTVSbl KoMnaHL4V,

KOTOp1 noiiy'-ivna cTaTyc aKu,VoHepHoro o6LUecTBa, VJ1V OCHOBaHa corilaCHo ecTByIOLJ1eMy 3aKOHOJJ.aTeJ1bCTBy Ha mo6o '-acTM ee co6cTBeHHo

TeppVTopVt4, V B KOTOPO VHeecTopbl ,npyrow ,fl,oroBapVsa}ow,e14c51 CTopoHb

VMO}OT nai'i.

Page 12: c)Qnaob - italaw

C T a T •b 7

flepeBO.bI

1. florosapMBaKDUt'1eC1 CTopoHbl rapaHTt'lpylOT nepeBojj. nnaTe)Ke,

KoTopble KacaIoTcc vHBeCTvw'1 ('1 JJ.OXOOB, 6 C00T66TCT3L414 CLelCTByIOLLW1M

3aKoHon.aTejmclBoM E1oroBap'1BaIowJ4xCi CTopoH. flepe6obl 6yjjyT

npoV3BOU'1TbC5I 6e3 KaKUX 6b1 TO HU 6bIJ1O orpaHv'-1eHv 14 3aJ.ep)KeK.

2. EI,ji uenet7i sToro CorJ1aweHv O6MeHHbIMM ypcav ôyyi oclM4Lu/lanbHble KypCbl, KOTOPbI Ll.eCTBl,1TeflbHbl )1l TeKyLW4X corJ1aweHv1 Ha

ay nepeBoLa, ecnv He n.OrOBopHO 0 pyrOM.

C T a T i 8

Cy6p6raiü

1. Eciii n.oroBap aiowaci CIopOHai)1r4-.eB nocpe.Ll.HMK npOV3BOL3.UT

nJIaTe)KV C3014M CO6CTi3HHIDI M vaecopa cornac.60 rapaHn4w, KOTOIO

oHa npeaociaBI'iJia B CB13M C VHBeCTULWIeL He teppvlopvu n.pyro floroBapvBaec1 CTopoHbl, nocne.nj-wii ,fl.orosapvBaI0LuaclCl CTopoHa

npL43HaeT a) nepea'-y, viiv no 36KOH 141114 COFflaCHO 3KOHHOMY COr.naweHvllo B

3TO cTpaHe, KKOO TO H14 6bU1O npaa L'1J114 npaa Tpe6oBaH1ttclJ'lHBeCTopa K nepoi .fl.oroBapUBaloL1ie1'1cl CTOpOHe 1'iJ1t4 K ee Ha3Ha'-leHHoMy nocpe1.Hk1Ky,

TaKKaKvTO, 6) '-1T0 nepeaci oroBapvBaI0W.a1c51 CTopoHa 1'inv ee Ha3Ha'-eHHblM

nocpe.Ll.HVK nony-wiiia fl6BO B cy6porau.iiv nOnb3oBaTbCl

npaBaMl4 14 sbI.LlBvraTb Tpe6oaaHv STOIC I'lHBeCTOpa 14 BO3bMOT Ha ce6

O6l3aTeJ1bCTBa, cBi3aHHbIe C 3TO t4HBeCTI'1TLiL'1el1.

2. floi1y-ieHHbIe B cy6porau.vv npaa vim npaBa

Tpe6oBaHvl He BblXOflMTb 3a paMKv npas U Tpe6oBaH14 vHBecTopa.

C Ta T b 51 9

PeryllllpoBaHwe CflOPOB Me)Ky )oroBap1BaIoLIec51 CTopoH.o

i ImBecTopoM pyro .oroBapt4BaloLueccl CTopoHbl

1. J1io6oi cnop, K0TOPbI1 MO)(T BO3H14KHYTb Me)K.Ll.y 14HBCTOOM

O,0.HO JoroBapvBaow,eic1 cTopoHbl v pyro oroBapvBatLLI.elcl

CTopoHo1 B CBi3V C 14HBCTV1LU4L Ha Teppl4lopt4ll.- nocneLu-iei fl,ovoBapvBaIo1ueLic CTopoHbl, 6yeT npeeo neperoeopo Me)K.Ly

UoroBapvBalow4MvCI CTOpOHaMV B cnope. 2. Eciiv KaKO1-J]146O criop Me)K.fl.y 14HSCTOPOM OLHO 1

,fl.oroBapvea}ow.e1c CTopoHbl v pyro oroBapvBauJ.eticc CTopoHol HP MO)KT ôblTb TK14M o6pa3oM pewe B nepvo,o, wecv ecciee Co Hr npeb1BfleHt.1 nMCbMeHHOrO Tpe6OBaHt'lcl, vHBecTop nOi1y-MT npaso

nepea TO n.ejio: a) a paccMoTpeHkie cye6Horo oprai-ia oroBapvBaFouJ.e1c51

CTopoHbl, Ha TeppL4TOpUU KOTOpOI OCyLU.eCTBnc1eTCl 11HBeCTL4LJk1, VUIII

Page 13: c)Qnaob - italaw

a C)

6) s MeryHapo)u-ibI u,eHlp rio PeweHulo VHBecTvLu1oHHbx CnOpOB

(ICSIO), VM1 B BV.LW COOTBeTCTBIOW,L'1e yCJ1OB15 KOHBeHLU1L'1 o peweuu V1HsecTuw'loHHblx Cnopoa Me)jy rocyLapcTBaMu V rpa)K,n.aHaMv pyflA

rocy1apcTB, KOT0pa1 OTKPbIT fl,J15 no,flyll/1caHL'151 B BBWVHrTOHe, opyr

KoJ1yM6I'wi,18 apa 1965 roa, B c.ny'-ae, Kora o6e E1oroBapuBafoLw'1ec

CTopoHbl cTa.nu y-1aCTHi4KaMV 3TO1 KOHBBHLI.UL'I, k1J1V

B) ap6uTpy Lull/I B Me)KyHaPO.HbI1 ad hoc ap6uTpaKHb cy,n,,

OCHOBHHbl1 cornaco Ap6uTpaHbIM flpaauilaM KOMVCCMV OpraHu3aLuuv O6beuHeHHblx HaLiV no flpaBy Me)K)yHapoEI.HO Topros.nu (UNCITRAL). ClopoHbl B cnope oryi corjlaculbc5l 11VCbMHHO L'13MBHL'1Tb 3T14 flpaBuna. Ap6uTpaHble peweui 6yn.yi o<oH'-aTeJlbHblMu v o6clsaTeJmHblMv TJ,Jll

oöet'ix CTOPON cnopa. -.

C -T a T bSl 10

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1. Cnopbl Men,y OroeapuBalOLw'1ML4Cl CTopoHaMv oTHOQVTe.J1bHO TOJ1KOBHVl L'tJ1L4 npL'1MeHeHl4cl aTOro Cor.naweHul Ofl)KHbl, eCJlL'l 3TO BO3MON(HO, pewamcclnYTeM B3L4MF1bIX KOHCyi1bTaW'1 I/I neperoBopoB.

2. Eciiu TKO cnop He MO)KT 6bITb TKLuM o6pa3OM pa3peWeH B Te'-eHw'1 WCTL4 Mec1u.eB noc.ne ero Ha-1aJla, no npocb6e nlo6ô

LJ,oroBapI1BaloU4eLc5l CTopoHbl OH 6y.ei nepea B Ap6uTpaHbl Cy B

000TBeTCTBI'lL'l C flOflO)(HLulMLu 3TO cTaTbLu. 3. Ap6v1TpaHbW1 Cy.r 6yeT CO3JBTbCI )J,1151 Ka)K.Ll.Oro

MHUBlWyaJ1bHOrO ciiy'-aI clleyloLLuuM O6pa3oM: Ha flPOTDKHLuLu BYX Mecclu.eB nocne noJiy'-ieHvl nl,1CbMeHHorO o6pau4eHvi o6 ap6vTpaxHoM

peweHut'i açai I'13 Uoro3apvBaIoLwuxc CTopoH Ha3Hat-IVT no OHOM -ineHy 3TOO Cy.c.a. STy '-iiieHa riOTOM L'136ep'JT rpaava TTbBO rocy)apcTBa, KoTopbl nociie o.n.o6peHtwl El.oroBapvBaloLuvMvc CTopoHaMv 6yeT Na3Ha'-1eH flpeceaTeneM Cy.Ea (.n.anee"flpeJceaTeJlb"). flpece.c,aTeJlb 6yeT Ha3Ha'-1eH B Te'-eHve Tpex Mec3u,eB c LlaTbI Ha3Ha-lel-w1° .n.pyrix .O.BYX 'iTIeHos.

4. Ecm,i Ha npOT)KeHVL.'1 KaKoro-.nl/160 vs nepuoa, npelleHHblX B flYHKT 3 3TO CTaTbu Heo6xoo,l/lMble Ha3HaLIeHL1 He 6b111v cellaHbl, nio6ai )J.orosapvsaiow.acicci CTopoHa MO)KeT, npv OTCyTCTBL'IT'l pyroi Ll.OrOBOPeHHOcTv, npvrnacvm npeceaeni Mecn.yHapoHoio Cya OOH cenaTb Heo6xovMble Ha3Ha'-leHL1. Eciiv BbllCHl,1Tcl, '-cro OH lBJilTCl rpaça-wmioM KaKo1-J1Lu6o ,floroBapvBaioweicl CTopol-ibt vniu eciiv jpyrue npv'-w1Hbl flPfliTCTBIOT ey BbIflOJ1HL4Tb yKa3aHHyIO /HK14VIO, 6yJeT npvrnawe 3aMecTwrenb flpeji.cen,aTenci, '-f106b1 cenaTb Heo6xo.rljuMble Ha3Ha-eHv. Ecnu Bb!lCHl/1TC1 -To 3aMecmTeJm flpeceo.aTeJl Taioi<e iBflTCi rpa)fçLaF-1vHoM KaKO1-nu6o EI.oroBapvBalou4ecl CTopoHbl vim He

MO)eT BbIflOJlHL'lTb yKa3aI-IHyIO c1YHKLW1FO '-IJ1eH MecyHapou.Horo Cy.u.a OOH,

cneyiouv no CTapWL'IHCTBY, KOTOpbI He L1MeeT rpa)ccaHcTBa KaKo-Jlv6O vs RoroBapvBaIow,vxcc CTopoi-i, 6yJ.eT npvrnawe c,n.ejiam HeO6XOW4Mble Ha3Ha'-eHv Lu MO)KeT 6es npenlTOTBvI VcflollHL'lTb yKa3aHHyIO yHKWulo.

S:

Page 14: c)Qnaob - italaw

7

5. Ap6MTpaxHbIc1 Cy 6yo.eT JOCTU1aTb cBOMX peweI-il4

6OJ1bWL'lHCTBOM roiiocoe. TaKve peWeHV 6yn.yT o6c3aTenbHblML4 LW1 Ka)K,LOM

,fl,orOBapMBaIOUJ,eMC1 CTopoHbl. Kaa ,lJ,oro6apVBaIOLLaCl CTopoHa 6yeT

HCTL4 paCXOJI.b omocvTenbi-io CBOVX 'iJ1eHoB CYLB VI coero

npe,flCTaBI'lTeJlbCTBa B ap6vlTpa)XHOM CyOflpOM3BOLCTBe paCXOLT.bl

oTHocL4TeJ1bH0 npeCeLJ.aTeflc1 M pyrve pacXOLJ.b ÔYTWT HBCTL'l B paBHblx

-acTx o6e oroBapMaaIoLuveccI CTopoHbl. Ap5MTpaHbt Cy LBT

onpeei1WFb CBOO coôcTBe}-lHylo npoueLl.ypy V MO)KBT CBOV1M peweHveh

onpeeJ1UTb, KaKal L'13 )J,orOBapuBa}ow'1xc CTopoH HCTL4 6OilbWylo

t-IacTb pacxOLOB.

w

C T,a T b •11

flpweueHre jpyrx npaBlui ii cI1eiia)1bHbIX o6zaTenbcTB

1. Ecni,i LBOflPOC peryiivpyec oHoBpeMeHI-io 3flM Cor.n.awei-il,1eM i.i

. - pyfi'1M Me)fcyHapon.HbIM CorJ1aweHveM, y'-lacTHVKaMM KoTQporo IBJ151IOTC

o6e CTOpOHbI, HV'-TO B 3TOM CrJ1auJeI-ll4t?i He ôyLeT

MWTb oroaap1BaIoau'1Mc CTopoHaM t.nu J1IOöEIM vx t4HBecTopaM, K0TObI ocyw,ecTBJ1l}oT MHBeCTVU.W'l Ha TeppV1TOpL4M j.pyro JoroBapVBalOW,eVc ClopoHbl, noJ1b3oBaTbcI npeVMyLLecTBaMV Tex rlpaBvn, KoTopble lBJ1OTCl 6oiiee 6J1aror1pvlTHbIMv no omoweuio K vx cny'-aIo.

2. Ecnv pe)KWM, KoTOpbR'l ofl)KeH npeL1.00TaBJ11TbCl OLl,HO

)oroBapvBaIouevccI Ciopoi-ioi MHBecTopaM jpyroi ,fl,oroBapvBaIou1evcl CropoHbl B COOTBeTCTBMI/1 C ee 3aKOHaMt'l V flIJaBMJ1aMW I4J1L'l C PYMMM

cneLJ.MaJ1bHblMM nono)KeHMIMV KoHTpaKToB, IBJ1BTCi osiee ônaronpVclTHbIM, '-eM TOT, KOTOpbI npeOCTaBJ1leTCc1 3TMM Co'rjlawel-ll'leM, yeT npeocTaBneH 6onee 6J1arOnpI'1clTHbIi.

C T a b si 12

Hecew4e L13MeHeHH ii LOflOJ1HeHW

B HacTOc1Ltee Cor.naweNve Moryl 6blTb BHeGeHbI V3MeHeHM V E1OflOJ1HeHMc no nL1CbMeHHOMy corilaWeHL'lIO M)KLY )1,oroBapMBaFOLW'1MMC ClopoHaMu. .flio6aci nonpaa ,EoiDKHa B011TV B Ct'1J1, ecJ114 Ka)K,fla51 M2

oroBapvBaIoLuMxCcl ClopoH M3BeCTL1fla .pyryio I,oroBapMBalow,yIOc

CTOPOHY, '-ITO 01-lB OTperyJ1Wp0Bai1B BCe CooTBeTCTBy1OW,L4e C1)OPMaJ1bHOCTM, npenTCTByloui.ve BBBHV1O B CMJ1 TakO nOnpaBKv.

Page 15: c)Qnaob - italaw

C T a T b I 13

BcTyruIeHI4e B CU1Y, npoo c4TeJbHOCTb npeKpaU.eHMe

/LecTBMc CoriaweFJ11

1. Kaaci florosapL1BaIoLUac1C 1 CTopol-la flVcbMeHHO yBeLI.OMUT

pyryIo CTopoHy o 3aBepweHI'lv npou.e.Lyp,

Heo6xoLu4Mslx cor.nacl-lo ee J3,e1cTByO1UeMy 3aKoHoLaTeJ1bcTBY LI.J

BcTyflflBHV5 B Ll,eCTBWe 3TOO CorJ1aweHi'1I. 3T0 CorjlaweHve BcTyrW1T B

jeicTBVe cnycTci 30 .tu-iei C .aTbI noy'-eHuc riociie.n-iero flvcbMeHHOFO

yBe.LI.OMJ1eHVcL

2. HacTo5Iw.ee Cor.riaweHMe ocTaeJc B ciiiie B Te'-lel-u/le ecTt.i neT.

flocne sToro CorilaWeHl'le -npoOJD(aeT JJ.eCTBOBaTb o rex flop noK: UCTe'-4eT BeHaflu.aTh MeClU.eB C'TOIl n.aTbl, ora flIOal )oroBapVBaIoW.alc5I ciopoi-ia flvCbMBHHJ yBeioMiiT pyryIo )J.OrOBapWBalOLJ-WIOC CTopoHy O CBOOM HaMepeHt't1 npe.KpaTL4Tb nei1cTrn4e sioro CornaweHt'icl.

3. OTHocvTenbI-ió• IHBeCT11LU4V, cOBepL1JeHHblX L.O flpeKpaLJHW1

LeCTBl,1c1 3Toro CornaweHl1 yCJ'1OBt41 3T010 CornaweHt'i (cTami1 1-11) 6yYT OCTBTbC B CL'ljle B TeLIeHVe LeCTh flT C J1,aTbl flpeKpaLUeH'1c1 ero

12.ecTBL4.

CoBepweHo B r. T6i1nvcM "_'MapTa B ,D,BYX fleCTBi4TeflbHbIX

aK3eMnJ11pax, Ka)K,flbl Ha rpy3vHcKOM, a3ep6an)KaHcKoM V pyCCKOM

I3blKax, flpVl'-IOM ace TeKCTS BJ1IIOTC1 BBHO ayTeHTI4'-IHbIMM. fl,ni eiieLi

TonKoaaHw nonoKeHVt1 HacTow.ero CorilaweHt'icl TKCT Ha pyCCKOM 3bIKe

VMeeT npevlMyuJ,ecTBeHHyIO ct4J1y.

3a flpaBllTenbcTBO 3a flpa1TenbcTBO

rpy3Ii. Azep6aKaIcKo Pecny6ll!IKII

Page 16: c)Qnaob - italaw

:1

KYPIITYCTAH IIOKYMTH

B

A3PJ3AJMAH PECHYBJTHKACbI hOKYMgTFI

APACbIHM

I1IHBECTHCHJAJTAPbH1 TLIIBHI1H B

FAPIffbLJThIFJThI FOPYHMACbI hA! 1bll11TA

CA3 H LU

XypIycTaH hoKyMeTH BG A3ep6ajtlaH Pecny6rnIKacbI hOKyMeTFI, 6ynaH copa "Pa3buIbrFa KeJ1eH Tep .nepu aJIaH,nb1pMJThIp,

hep FilCH PamL'mwa Kaneil Tepec1Jrn rapllmLmlrJml cJajaJIaHMaCM yEryH y3yHM JGTJTh FWMcTH eMe1x1auLrthiFM 1uaha .a KyTIJ1eH1UHpMGJF1 ap3y

e2JepeK,

6FIp Pa3imwa KJI8H TepGcHH FIHBeCTOpJIapbI y'lyH n1.IKep Pa3JmIIa KBJIGH TepeCpHH epa3HCHHUe aJTBepHIuJ1M mepa japaTMaf BO cax2laMal' HHjjeTMH,UG oJiapar,

HHBecTHdHj airapi TefflBHrH BO rapmMimiI'JmI ropyHMacBIHbIH, 5y Ca3Hme YJFYH oiiapar, 6y CaheL1e HIllK3 Teffle66ycy MapaE.1aH.LEbIpaIaFBIHI.2I r'e6yii eepeK,

amarwaap 6ape.e paaLmira Kr,uFLnep: .2

MAW 1

Te"pø4iiep

By Ca3HuIMH MercegriepH yyH:

Page 17: c)Qnaob - italaw

1. "I4HBecTøcIIja auJI.ljJ1Jflb1, 61,Ip Pa3bLJIbIFa K8JI8I-I TBpec13I'IH

I1HBecTOpnapbIH1H .ru•IKep Pa3MJThIFa K8JI8H TpGcJHH epa3flCflI-U

I IfTI4CWH cJp3a.rn'Ijj BTYI8 6 armi axbipb1HIbiFI!YIH ryBB8)ILB OMH

raHyHBepPIII'IflIIJ IIH8 yj FH oiapar iej aTa KeIipWIJ i B8canT roj y.riyluyHyH I.ICTGHIIJI8H HOByH 8hRT8 e.LIFIp B3 01-Ut , XyCyC1I hWWa, J1aKI1H IleTlicHa

onMi1aFJIa

(a) iamiHap B8 uamb1HMa3 MyJIKI4Jj 81 B3 HCTBHFIJI8H My.TIKIIjj 81'

hyryrJ1apJI, 0 IyMflBLIeH, III1OTeKa e I{HOB hyryr.rrapM oxmap hyryr.rlap;

(6) IIHBecTMcnjaJIapIrH h8jaTa KetII1prInMGCH M.J1G 6armi oiiau

Ceh?'iJI8p, rHj MBTJIII KaFM3JIap, 6op ohgeJmKn8pN, peHHBeCTI1CHi a

erII4JIMHm KeJmpJIep, vierc1FI 6aHK B8 MaJIHJJG BocaHTM;

(B) HyJI B8CaHTHH8 aug H,L1T1PU1 hyryrjlapbl B8 ja M1JIHjjG .LI8j GH allaH o9anMjjeTJI8 6ami UCT8HI'IJIGH .1]BK9p hyryTJ1ap

(r) MHBecTMcMjaaapiia 6aF'mI ojlaH MyaJL'IFIcI3nFIK hyryry. ML'1

HHmaHJlapLI, rIaTeHTJ8p, ceHaje HyMyHeJiepU, TeXHOJIOXM flpOLCJ1Gp

llleKJIHHjJG ceHaje B8 IIHTCJIeKTya.JI M\'JIKMJjBT hyryF.TlapJI, "HOy-hay,

KoMMepcaja cHppJlepH, TirlapeT MapKaJlaplil, ryHBHJlJI";

(J) TG6MH ehTMJaTJIapLlH axTapbimJl, HILlJIGHMGCI'I, hacailaml BB vIcTHcMapJI 39 KoHceccHjaJlap JI:axrlil oJiMarJia, raHyHBepMMJmje yjryH JMceH3Hj aiap BG wla3eJIep;

aM,LwMp.

BecaHTJiepIrn rojyilyUly cJopMacEuibIH MCTeHMJIeH P{ E1GJHIllMGCM oHJlaplH 1MHBecTMcMja KMMM CGIMJJ8J1eHJJBpMJ1M8CMHe T8CM eTMMp.

2. HHBecTopu aaIIajlImI, umep Pa3rumm'a K8JI8H Tepec1rn4 epa3MCMH.L18 BGCäHT rojyJlyulyHy ejaa Ket.lHpeH,

(a) Pamimwa K8JIGH TepecIepeH HCTeHHJIH 6MpHH,ge OHH r'aHyHJIaprHa yjryH oapar BeTeHLauJJ1M1il BG ja .uaHMH jaLuajbuu jepH aiia MCTGHI4JLGH 3M3MKH UJBXC

(6) Pa3Jmiwa K3IH Tap apgaH hG 6HpFIHHH FaHyHBepH- I4JIHJHHG yjr'yH oapar japabLJIMbrlu B8 mcep Pa3xIL1ra KGJIeH TepeuH

epa3McHH,L18 HHBeCTIICHJa rojyJlylLlyHy hejaTa icewpoH MCTGHMJIGH yryrø LLlexc;

I

Page 18: c)Qnaob - italaw

)IIeMe1()F1p.

3. 'Keniip" aHnaJ b1LLth1, I.IHBec'rMcFIj LTIapbIH FOj yJlMacbl 13T11L1BCI.IH.L

au,rie eLIIiIoH riyn •Ie6JroFIwIIp BO xycycFl hLW~I, flaKI11-1 I.ICTIICIUl

OJ'IvIIFJII, ROJII'lpflOp, d2aP13JFGp, Kal IFITaJI apTb1Mb1, L1BF1.UeFLLLTIOp, P°i BO xWvLoTo ope harriap eMGK.LUIp.

4• Tfpj.jU aHnajbuuhl,

Xyp;IyCTaHa IyHaCFI6 OTB, hytJflb1 4OpMBOCFIHJB j epin-I 10KM,

OHF13FH-1 .w16FI , KoHTIIHeHTaJ1 LlleJI4J BO T06H11 ehTHjaTJ1apa MyHacr.IöeT.e

KypIycTaHbIH 03 cyBepeH hyryrJlapblHM hej aa KeLIMpOTejH opa3i iuiMH,

Kyp'rycTaHMH raHyHBepI'NFiJIFIj 1.1 11110 6ej HGJIXWIF h"yT'Fä yjFyH oJiapar'

Myoj OH eflHJIeH BO j a KOJI0qBKJO My0Jj OH eWIJIO'IeK , epa3i cyiapi BO

epa3F1 cyJ1apMHMH xapFNHHUOKFJ ,BHH3 paj oHJiapbi HJIO 6I.IpJiFIKo

KyptlyclaHblH epa3Hdfl,

A3op6ajIaH Pecny6iimacbrHa MyHacH6 0TL10,' 0 HyH hyyWIapM

0p-IHBBcUH,UO jepHH TOKH, eHFI3HH M6H , KOHTMHeHTa11 ineJ4 BO TO6MI'I

hTHJ aiapa MyHacFI6 eTLto A3op6aj LIH Pecny611rIKacbrHLIH 03 cyepe

hFr'JIMH1bI hejaTa KeHpeejFr A3Gp6ajtIaH Pecrry6nmcacbIHJm axILTIH

cysiapi , Xe3ep .GHM3HHFIH(KoJIyHyH) A3ep6ajtraH PecrIy6PucacbIHa .reHcy6 0JIH 6 oJnvlecu, A3ep6 aj Pecny6JIuKaclblimlH y3epHH,IIeKU h aa

reKaHbI ,gaxrrn oJmar11a A3ep6ajaH Pecriy6.rrmcacbIHrIH 0pa3HCM, ha6e.Tle

6ej HGJIXaJII' yryra BO A3ep5ajtIaH Pedny6rnIKacIrmrn raHyHBeputlflilMj HHO

yjry oJIapar MyejjGH eTIHJ1eH BO ja KeJIetI0K,Ue MyeJJGH eHJ10 61'JJIOH

MCTGHHJIOH MKG 0pa3H,

,E1eMeK,LtMp.

MA)T 2

CaaImHH TeT6arH

By Ca3rimMH aeaiiapi 6rip Paml11bwa KeJIeH TepecH rrHBeCT0pJIapMHEIH .uBKep Pa3iumwa KBJIOH TepecHH epa3HcHHfl0 HCT9

hBMHH Ca3rnuMuI I'yBBOJG MHHM0CHHBH ease , HCT000 )8 copa hejala

Ke-IHp.L1BjH 6yryH HHBeclMcHjailapa TBT6HIT C.LIHJIHp.

Page 19: c)Qnaob - italaw

MAW 3

HHBeCTI'ICHJ aiiapi TeIIIBI4r'H BO FOHMCM

I. hep 6iip Pa3bumwa iarlel-J Tepe4 .iuii<ep Pa3bljlbwa I{aTlel-I TepecrH HHBecTOpJIapBIHa IIHBecTHcFIja r'ojyJlymy yTPyH heBeCJIeHIU.11)II 1 Jl aMI.1JTLTIep Be eilBepl.ILILrIFI mepaHT jap~waMar Be HHBeCTHCIIjWTI1JI 03 ['aHyH BG raJ,LaJIapMHa yjfyH oJIaH iiiae BepeIerduhTp.

2. I4CTeHMneH Pamum1Fa KGJIBH TepecHH HuBecTopJIapMHa L1FIKeJ) Pa3rum,wa I{GJIGH Tepe4nH epa3flCIIH.flG e,U~IJIGTJTIU Be 6epa5ep i\IyHaCI16eT RocTepHJTtHp, oHJiap TM ropyyp Be TehfIyKeCH3JIHjM T8vII'IH e).UHIp.

MAJIJ 4

MiuDm XHM Be H J1BHUJJtH )KHM

I. hep 6up Pamumwa K&IIBH Tepec 03 epa3HCIIH,L! .HKep Pa3bImwa KeJ1eH• TepecHH HHBCT0J1E1HEIH HHBeCTHCHj aiapa 03 HHBCT0JIMHBIH Be ja HCT0Hfl11H ytiyay U0BJIeTMH HHBCCT0SIMHMH IIHBecTMcIjaJIapIIHa japa,rLnaH )KMM reLIep e)IaJLeTJIH, oHa 6epa6ep Be 0HJH a3 eiepmmi o.r1MajaH peXHM japaTuilp.

2. hep &up Pa3bLmIr'a KaieH Tepec 03 epa3HCHH,Ue MKep Pa3MJmwa }CGJIH TeP&IDMH HHBeCTOp.TIapMHMH MHBCCTIHCHJ a.IapMHa H.apGeTMe, caxJlaHMa, HCTMc1DaJIe Be MCTHCMJI oJiaregap 03 HHBCT0JIbIHb1H Be j a HCTHHJIBH yqyff4y ,U0BJIeTHH I4HBCT0JIbIHb1H FJHBecTMcHjaJIapbIHa japaTLJIaH )KHM regep egaJIeTJIH, oHa 6epa6ep Be oHgaH a3 eiiepniani onMajaH pexHM japa,1p.

3. By MaHMH 1tIH Be 2trn 6errrJIepHHMH yggeaiapi 6Mp Pamimira KeJIe TepecHH amaThwaKMJIap,rlaH MTllT KeJIGH oh,geJIHKJIepFi LJ18 6aFJThI: HCTHHJIBH pe)KMMMH, CTHJPjKJ1HH B9 ja K3fflTJ1HH

2ZI4Kep Pa3Imwa EceJIeH Tepe4MH HHBCCT0J1bIH ag egMJIM9CM KMMI4 6ama gyJrTyJm{yp:

(a) Pa3bu[blfa KeJIeH Tepeciieprrn OJTI,LlyrJlapbl Be ja OJIa 6HAeeKJIepH eMeK,UauLJThIFLIH B8 ja perMOHaJi GMBK,gaULThIFMH gHKep IrHBecTMcMja XHMJIOHH TGCH ego HCTGHHJIGH

Page 20: c)Qnaob - italaw

OJIH Be ja KeJIeMeK,e MOB1Y oJIaMar ROMK 1•ITTMcpIFb1 Be ja Cep6eCT TINapeT 3OHaCb1, B9 ja oxmap 6ejiarixair Ca3I.luh'IepJie

I IJ.flTIIK

(6) Tai'vlaMlLFIe Be ja ecaceH BKFI fOjMaja FLt O.TIaH I.ICTeHILTIGH 6ejfIaixa.rIr Ca3r.IIu BB ja pamuIamMwa FImTI1paK.

MAJIJ 5

HTKMJ1epG hope IcoMneHcadHja

I. Bup Pamimira KeJIeH Tepe4JuH HHBCCTOJ1b1HbIH IIHBecTHcHjaJIapbI ,LUIXep Pamumwa KJIH TepecwH epa3HcFIHJieKkI iyiapu6e, cgiaimr ryHarr.uue, jaxrn'i oBra.naje Be3MjjeT, tleBpr43llIm,

ycjaH, recu, Te6rm cIDeJIaKeT, FG3 Be ja IIMKep oxJnap be6e6.JIepeH MTKJ'Ije Mepy3 railapca, or-mapa 6HpmiL1r-I PamL'mlra KeiIeH Tepe , pecTr-ITycr-Ija, B3I1 BepUJIMe, KOMrIeHCaCHjaja Be ja )WRB repapiapa IyriaCII6eTe

axbIpBIHrEI Pamiimira KJIBH Tepecr-rH 03 HHBeCTOpJIapB1HIDIH RB j a HCTGHH- JBH ytrytiy .Lt0BJIeTMH HHBeCTOpJ1apIIHMH HHBecTHCHj anapJIHa j aparimi pe)KH'WBH a3 eJIBepIIUhJIH oJiMaj an penw japa,uLIp.

2. By Ma,Lr,ueHrlll 1-tm 6egHHe 3fl7V o.rlMajapar, 6up Paa&j'mwa KG1BH TopecrlH, amaia ICOCTGIUIGH hB hHCM hafl,LIa, .UHKGp Pa3.rjimIra KBJIBH Tepecr-iH B3HCHHB 38B tleKell peKBH3HdHja Be j a BMJIKB1H .Ua1'bWMJIMaCbl HeTlTtIeCHH,LIe Mepy3 FJTUBIFM HTKMJIBB Kepe e,aJTteTJIM Be KoMrlellcacrlja o)JeHrlJrnp:

(a) haKMMHjjeT FBBIBM Be ja oprannap TBBMHOH BMJIKMH peKBH3HcHj aci;

(6) hep6l4 eMailHjjaTlap BB ja mepaen Mpesnl KBJIBH 3GGT HOtI8CMH,Ue eMJIaKMH haKMMHjjGT FyBBe.TIepM BB ja opFaH.rlapM TepGcHH,UeH .naml,nBjjlMacbl;

OpTaja rsixan oeariep cep6ecT ,tIoHepJIH Bailjyra IDIB TXHCH3 KOypyJIyp.

Page 21: c)Qnaob - italaw

MAJ1J 6

EKCI Ipol IH acHj a

1. J4CTBHIIJIeH Pa3Jumwa RaTIeH TepecrIH I.IHBeCTOp.rlapbllmlFl

I1HBeCTHCHj wiapi .nnKep Pa3brJm1Fa KaieH Tepecr.ii-i epa3FICFII-IIe, IIITFIMFI ercettep HCTHCHa oJIIMaF.TIa, MI.JJunIJIeJuJu.IpFrJIe 61LIIMB3, eKCI ipoi 1pFlacl1j a

eujjmo 6wIMe3, Be ja MH.rLTIFrJIe1LWHpMe B8 ja eKcllpollpFladlljaja (6yr1.aFI Co "eKcl ipo IzplracHj a U) 6epa6ep TeU6HpJIepe raia 6FrJm[e3. EIcrIpoIIpHacIIj a, MehKeMe FajJaJIapbIHa yjfyH oiiapar, apb1-cerKFu1r1K Ja1JbIMlJ1aH hejaTa KeIHpHJIG;IeKHp, WeKBaT BG ceIepaim KoMlleHcacHja JLIGpTJ-IGpII rUle MymajeT oJIyHaMar.ru)lp. Beiie KoMneHcacrlja, eKCflpOilpl4aCflja Be ja eKcllporlpHacHja T8hJIKGCH harrMrUla 6eJuni OJIWYFY

aHJJa HHBCTHCHjJIMH M~UII4K OJLflyFy 6a3ap ,gejeprrne 6epa6ep oJIraiar, eKdnporlpMacHja Tapr,IxrnT.LIGH K0TJTh{GKJIG LIBOR-y HG3OG aiiai 4Jau3JIe heca6sraHat.lar.zthrp, HHBeCTHCPIj aiapii hej aa KI4I.IJJEU4J H BaJIj yra MJI Be ja TepedJIlepHH pa3ELJILI.F.bl ecaClHa HHBCTO y4yH yjyH OJIH aijyra MJ1 0LlHe'IeKLU'Ip, TGXHCH3 ejaa KeHpHeLreKL!Hp, ceMepaiIII Be

cep6ec'r KolypyJIe 6 ruieri oJIaarL1ep.

2. 3epep KGH HHBCTO 03 IIuIHHe heMl'IH Pa3bLmrFa KBJIGH TepecIIH MhKGMG opraHJlapBIH.ga jeHM)eH 6axuIMacLr Be OHyI-I r'IHBecTMcusjaJIapLnmIH 6y Ma,g1Iee KOCTGpIJilea nperniepe FH oiapar rHjMeTJIeH,uMpHJIMecH yi-yryHa ira.nmc o1aarIp.

3. By M-irtTreHHH 1TlH 60H.flHHHH ryuuea1Iapbl Pa3umwa KGJIGH Tepec KCFIOH 1.loMHjjeT CTTC aJDvlblru Be ja 03 epa3HCHHr'IH I4CTeHHJ1GH hMCCGCHHLle FyBBe.Je OJiH raHyHBepMJHJiHje yry oiIapar japa,ubLrlMBIm BO J1BK Pamr.imwa KeJIeH Tepei*r HHBCTOJIbllibIH flajbl aiia LLIHK9TMH GMIaKIIHJ,l eKCUpOIlpHaCrlja eT,2JBjFI ajwa jta TGT6HF elurnp.

MA)TJ 7

KoiypMeJIep

1. Pamiimwa KGJIBH Tepeciop HHBeCTHcHjaJiap Be KJIHJIJiG e31are.uap oiaa OIIOHHIUJIBpHH PamumIFa KeJieH TepecepHH ryBBeIle oilaH raHyHBepFrTmJrMjHHe jfH oiapar TMFIHT BeprlpJlep.

Page 22: c)Qnaob - italaw

2. Baiura pamLrIam'Ia omv1aU1r'.1Ia, 6y Ca311IuIIn v1eFCe lep!.! y-I\{I1

Iy6aLulno 0JTIapIF, K04M TapI.IXI1I-Ie '1apl1 Ca31.ILUJIep y'-iyu ryBBe.Lr.e

oiIaH , pecMfl Kypc.rlap re6yi e,rr.i.inrIp.

MAJIJ 8

Cy6poracHj a

1. Pami.imwa arieH Topec BG ja OHH BaCHTeIUCH HKB

Pamumwa KaIeH TepecTriii G3HCflHG IIHBecTHcHj a rojyJlymy ine anarap

y3epr'IHe TeIHHaT 0hJ3eJThIjFTHG yj'yH oJiapar 03 I1HBecTopIIapLIHa oeMa1ep hej aTa rce-IFIpiIpcG, axblpinrlM Pa3MJmwa

KBJIGH Tepec:

(a) 6y OSLKGHHH rayy Be ja ryBBe.e allaH C3Hffl ecacma HHBCT0H HCTeHIIJleH yryryy BO ja wrna h\TFHYH 6HpHui-IH

PamL'mlra KBJIBH Tepece B8 ja ouyH TeJrrn ernIJIMHffl BaCMTetIHCHHe

BepHJIMeCHHM, ejHl'I HuG,

(6) 6Hprnrrn Pa3JmIra KGJIGH TGpecHH BB ja OHH BaCHTGrnCHHHH cy6po racuj a HGTaqGCHH,L1G 6y HHBeCTOpyH hyrTlapblHl!aH r'ICTHcIDa Ire eTMeK BG OHYH JrbIHaH• TG3186 MGJIH CMGK BG 6y HHBecTHcHjaJlapJIa 6arumr

ohgeJrnKJIepH 03 y38HH8 K0TMGK hyFyy aJIMaC.bIHM

TaHMj blp.

2. Cy6poracMja HeTK'GCIffi,e arie eanMHm yryruiap Be ja rga

h'TyFJIapri IfflBCTOH hFFJibI Be HJtrIBaJlapM epIrHBeCHHeH eapa MxMajaar,ubIp.

Koiyp MGJIB hG haHCb1 Me1- U)'LUIjj eT BG JIH KFIMB OJmIaaH I-i ej aa

ieii•i p

Page 23: c)Qnaob - italaw

o

I

MATEJ 9

Pa3bumwa IKeJiel-! Tepecj Be iicep Pa3bIJmwa iien Tepe4uii unnecTOpy apacMHLUI My6ahnce.rlep TeH3I4MJi3HMecH

1. Bi-ip Pa3lumwa KaIeH Tepe4n-i I1HBecTopy BG )1HKp PamLwLFa

carie Topec apacbrHa axblpbll-I1mI Pa3Ium1Fa KeJIeM Tepe4JHH epa3l-lCrll-We FIHBecTuCFIja rojyJlymy iuie arIare.ap opaja iixa 6wIereK I-ICTeHI1fleH ty6airi Ce, viy6 ahI-1CeJe iimTllpaK eIeH Pa3Bumwa K3JIGH Tepec.riep apa-

Cb1HJJ aHb1LllbIFJIap j ony Fine heflJI eFIfleeK)IU-1p.

2. icep 6FIp Pa3buIbwa KeJIBH Tepeoirn I4HBecTopy BG .LU.IKep

Pa3imwa KeJIOH Tepec apacbiH.UaKb1 hop h.HCM My6ahI•Ice ja3ELTLbI TarIe6FIH TGF)IIHM ern-IJUFIjIT KyH.GH KeUI3H aJITb1 aj ep3HHJ]e 6y jonIa ienn e.I-iiie 6FIJIMB3CG, HHBCT0 IILUFI:

(a) epa3I-IcIIHo I-iHBeCTHCIIja rojy1aH Pa3bimIEa KarIGH TopecuFI NIehKBM3 opraHblHa;

(6) 18 rapT 1965--iii puiie BamHHrroria, Konyii6iija ejaJIeTFI, HM3aIaHMar YqYH aiLIJIMEIffl JOBJIeTJIGp BO WKGP uoBJIGTJIepHH BeTeH,tamjlapl,1 apachll-wa FIHBeCTMCFIj a My6ahMCeJIopMHMH haTlJll4He ,llaHp KoHBeHcHjaHrn MyBacIJF1r LUGTJ13HH3 yjFyH oJiapar, h3 MKI4 Pa3mIFa KarleH Tepec 6y KoHBeHcIIjaHbiH HfflTHK1MCJil OJUFy ha.Ua, I4HBecTr'IcHJa My6ahr.Ice'IopI4HI-IH hallJll4 ype IBejH3JIXaJ1r

MopKe3e(ICS1D);

(B) haKHMe e ja BejHeilxair MrJiJTeTiiop TeInKHsIaTLiHIH TMapeT hyryry 33 KoMIiccF1j acMHL1H Ap6 HT)K Faj.narlapbrna(UNCITRAL) yjryH oJIapar japa,7TbulMbiill 6ejHenxanr ad hoc ap6HTpa MehKGMecMHe;

BMGK yryrya MJIHK onaar.zMp.

My6ace.Eie IImTMpaK t[GH Tepecnep 6y FajuailapblH Iej HJT1TtMPHJIMGCM 6apeLe j 3MJIb1 meKMJT,ge pa3bLJIama 6arrepsrep. Ap6MTpaI< repapiapi My6ahHcane MllITHK eGH hop MKM Tepec y'-iyi-i

TH e Meq6yprHp.

Page 24: c)Qnaob - italaw

MA,IIJ 10

Pa3bum1Fa ie.ieii Tepociop apacb1HJ1aKM MyahncenepuH he.JIJIFI

1. By Ca3FILUIIH Te4JCI1pFI BO ja T016F1FU i.uie a tr'e.ap Pa3bljlblFa i<arioi-r TopecJiep apaCb1HL!a OpTaja Mb1XaH My6ahI1C&J1B, M'yMKyH OJ1fl)'FL, raplllbLrlblrJml MeCJ1OhBTJF9IflMaT1BJ BO JIHb1b1FJliu1) j oJiy I1J1O haiLrl

eLwJIeMGKJXI1p.

2. KO 6e.rie iy6ahnCo 6aaurab1Fb1 BaXTZJaH KeIGH aJiTbi aj

O3HHLG 6y yp h&ILTI eLU•IJIe 6IIJIMFIpCB, FICTOHI'JJIGH Pamirii,wa KGJIOH TepocrIH 'IypaIMeTH ocaciHua o 6y Ma,gLieHIIH M'ygeaJ1apbIHa yjryH oriapar Ap6 HT)K MGhKe1GCHHG BepHJIOMBK.1XHp.

3. hop 6r'ip ajpbrz.Ia ha;La Ap6I.ITpax MehKBMeCH LUfbJKb1 KIIMH

j apa,rtbulaLlafLlblp: ap6HTpa iawiri harFbIFWa j 3MJIbI MypaMFieT

a.m1H.ubIraH copa FIKH aj op3FIHge hop 6ip Pam1JmIFa KOJIBH Tepeo 6y MohKeMeHr'm 6Hp 3BH TejFIH eeeK.rUIp. By 111(11 3B 3tiy OBJTWTJH

BeTeHamb1Hbr ceqetienep BO 0 Pa3bLmwa KIOH Tepecopiiu TecLlBFHHeH coHpa Me11Ka'reHIIH cejpIi(6yrTaH copa "Cep

U) Tej IIFi

euie'-ieap. Ce.up .HKep 3BJ1OHH TOJ I'm e2JI'LTLII'Ij H TapHXL13H Ke BH yq

aj Gp3HHLG TOJHH eLI4JThIp.

4. By MJLW8HHH 3-tiy 6eHHH,Ue KOCTBFLTIGH M\EBTJIOMH hop hHCE1 6HpHHL1e 3GH T8j HHT j epIIHe j eTHpHYi2v1eMHIllCO, HCTGHHJIOI.I

Pamumwa KaJIGH Tepec, 6aim'a 3bLJIIflM oj •ia,rrir.ua, IBMT-HIm BejHa'IxaJir MoIxa'v1ecMHI1H CG.ZIpHHe opyp TojMHaTnapb1 hoja'ra KeTwpMeK ian'iiHa MLIMOT e.rio 6r'iiep. rcop 0, Pami.imir'a Kaael-L TepecnepeH 6HpHHIm BoToguamLI onapca BO ja 6amr'a ce6o6iep OHH I(OCTBpMJIBH I'ImH jepMHe jeTFIpMeCHHG MaHe oilypca, 3opypl.I TojFlHaTJlapbl hejaTa Ke-IFIpMeK yqyH Cepiu MyaBMi-il'I U0B0T e.UHJIHp. rep MyaBMH Pamurbwa KOJIOH Tepecnop.geu 6Mpiirnrn BoTeHaJTTbwbIpca BO ja hGMHH IIahI'J jepMHo jeTHpe 6uiiMMpce, BMT-rnIH BejHa'IxaJir MGIIKGMGCFIHHH, Pa3b1.'1b1ra KaneH TepocJ1epHH BeTeFuaumI oilMaj H OH j\'KCOK BB3Hd2eJTH 3B 3OH TGJHHTJ1E1 hejaTa KHMOK yqyEi ,LIGB8T e.flHJ1Hp BO

MaHeeCH3 heMI'IH nm ipa eIMp.

5. Ap6HTpa MOFIKOMOCH 03 r'opapnapbmbl cec oxiyy HJi r06yJi e,Hp. By tiyp 1-opapilap hG 6rp Pammira RGJIeH Tepe yqyH Me46ypHHp. hop Pa3bum1ra KOJIOH Tepe 03 M9hKGM8 3BHH BO 03HH ap6iTpax MOhXGMOCI'IH,Ue HfflTHKM flJ1O ariare.Uap oilaH xepT-IJiepPI

Page 25: c)Qnaob - italaw

0GjFIp. Cepe au.0 xeptrilepl4 BB Lr.I.n{ep xeptepii haP lIKU

Pa3bum1•r'a icaTiei-i Tepec 6epa6ep oiiiajrp.

Ap6I.ITpaK MeI1Ke1ecII 03 iIpoce)ypa rajaJIapb1Hb1 •IyejjeI-I L11 Be XeptllIH iox hFIccGCFIHII Pa3bLinlra KaJIeH Tepecinep.geH 6FIpIIHIIH y3GpIIHe

roja 6u.nep.

MA)T,L 1.!

)JMKep raj,uaJ1apMH RB xycyc ohgeJIHKJ1BpHH TeT6nrI4

1. xep MecaTIe ejHH 3aMaH)a 6y Ca3MIurIe BB hB FIKH Pamum1Fa

KGJIBU Tepec}oMH I.ImTHpaKTIM oiigyy miicep 6eji-ienxarr ca3nmJIe TBH3HMJIBHMpCG, 6y Carimiiu MyEeaflapM Pamimi'a KGJIGH Tepe4nepe BB ja OHJ1MH LIBKBP Pa3I,uiblra KBJIBH TepeHH epa3i1CPIHG FIHBeCTHCHja rojaH HCTBHFIJIBH uecopjiapiHa aia eJiBepuhILlin 0JIH rajnaJIapMH ycTyHJIyKJIepHHJIBH HCTMB TMGJ8 M~He oilMyp.

2. QKep 6rip Pa3rJmwa KGJIBH TepenH 03 raHyHJIaphHa BB rajaJhapbrna Be ja Kor1TpaKTJIapIH 6ainra xycyci reaJIapbIHa JFH

oiapar LwIKep Pa31bIJIiDwa RGJhBH TepecHH HHBecTopJIapLIHa japaTMaTlbl

oyry pexmvr, 6y Ca3ITrTrre He3epe TyryJIaH.raH aa aiiBepHfflJhl'I Hce,

taLa GJIBMhhIJ1M )KHM TBMHH e,flBJIHp.

MA)TJQ 12

)JejHmHKJrnKnep RB aiiaenep

PamumlFa KBJIBH Tepe1epHH j amLJmI pa3IDLnamMacM GCaCMH,Ua 6y

Ca3llme .gejMLurncJhaKJIep BB aiiaaiiep re6yii erwiie 6MJIep. MCTeHHJIeH

.L!1{3eihHLu, hB 6p Pamumira KaJIeH Tepe jrnep Pa3umwa KBJIBH Tepe4 6y y3eJIHIuMH FBBBjB MNHMGCM ythyH 6'T\{H MYBac1DMF

GCMHJIHKflBHH jepHHe JeTMpMJIMGCH aimhH,ga xe6epJ1ap CT.UHK,119H copa ryBBeje MMHMp.

Page 26: c)Qnaob - italaw

I

I'

MA)TJ 13

FyBBeje MIIHMB, MyJr.neT Be Ca3HaInH ryBBe)]eFI ymMGCU

1. hep 6Hp Pa3bulbira enei-' Tepec .aFixep Pamimwa ReJ1eH TepecH Ca3IImPIH FBBJG MnHMeCII y'-IyH O3yHH ryBBe.Lle OJIIH raHyHBepHtHJIHjIIHe yFyH oJ1aH 3epyp0 upOCe.L1ypaJIapMH TaMaMJIaHMacb1 harrb1HLa ja3bLJIM xe6epap egrip. By Ca3IIm axMpMHIb1 ja3bLllbl

6vIJjgMpMmuH aJIbIHIFbI TapHX,GH OT3 I{H copa F\1BBJ MHHHp.

2. By Ca3Min OH FIJI 3I.IHI ryBBe.ue I'aTlblp. ByHIlaH COHp2- Ca3Hm Pamulbwa IceJIeH TepeJIep.uoH HcTeHNJIeH 61.IpMHHH wIKep Pa3bumIFa KeJIGH Tepe4ri 6y Ca3rImIrn FyBBe.UGH ,gyJrIMeCFI anirna 03 HI4JjeTH 6apejie ja31)LJmI xe6epap eT,uujH TapHx1IeH OH HKH aj KeIeHe re,uep

FyBBGCHHH caXilajblp Be ryBBG,TieH yInyp.

3. By Ca3rnrnIH FBBBH .gyIILMGCHHe regop heaTa KetIHpHJIMMLLI HHBecTMckIjaJIapa MyHacH6GTfle, hGMHH Ca3HmIIH M'weanapI (1-M-11-rn Ia,Eiuenep) OHH FBBBH IJJ,gyJy TapHxeH KGH OH Mu ep3HH.110

P1BBCMHH caxJlajblp.

T6MuInIcM IIIehepHH,Ee I' 1996-qbl HJI,ge ep 6MpH ICyp4y, a3ep6aJaH B8 pyc .rwuuepHn,rle oJmral'Jla, KKH eCJI ycxexe HM3auaH1vrbrTTrrMp, 6yI'H MGTILT[O ayreHTaFcgHp. By Ca3MmHH MyTweaJIapIHbIH TeCjJCHpH 3MEbI pyc JIMJTHH,Ue OJIH MBTHO CTHJIK BepHJIMp.

KYPIYCTAH A3PBAJAH PECIIYBJIIfkACbI

hOKYMTFI A)Lb1IHAH hOKYMTH A)bIITJAH /

r