Communication from the Ministry of Foreign Affairs No. 309 / 1997 Coll.
Communication from the Ministry of Foreign Affairs on the negotiation of the Agreement on the Establishment of the European Bank for Reconstruction and Development
Valid
Effective from 28.03.1991
Text versions:
18.12.1997
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309
COMMUNICATION
Ministry of Foreign Affairs
The Ministry of Foreign Affairs states that on 29 May 1990 an Agreement on the establishment of the European Bank for Reconstruction and Development was adopted in Paris and signed on behalf of the Czech and Slovak Federal Republic.
The Agreement was approved by the Federal Assembly of the Czech and Slovak Federal Republic. The President of the Republic has ratified the Agreement subject to the condition that "Czech and Slovak Federal Republic pursuant to Article 53 (7) The agreements retain the right to tax the salaries and income paid by the Bank to its national citizens for themselves and its institutions." The instrument of ratification was deposited with the depositary of the Agreement, i.e. the Government of the French Republic, on 28 March 1991.
The Agreement entered into force on 28 March 1991 on the basis of Article 62 (1) thereof and entered into force on the Czech and Slovak Federal Republic.
By letter dated 8 December 1992, the Czech Republic requested membership of the European Bank for Reconstruction and Development and confirmed its acceptance of the Agreement of 29 May 1990 establishing the European Bank for Reconstruction and Development. On 14 April 1993, the Secretary-General of the European Bank for Reconstruction and Development certified that the Czech Republic has become a member of the European Bank for Reconstruction and Development with effect from 1 January 1993, following the fulfilment of the conditions specified in paragraph 6 of Resolution 33 of the Governing Council, adopted on 15 January 1993. The Czech Republic then announced, by a note dated 4 December 1995, to the depositary of the Agreement that, in accordance with the applicable principles of international law, the successor State of the Czech and Slovak Federal Republic was to be regarded as bound by the Agreement establishing the European Bank for Reconstruction and Development of 29 May 1990, including the reservation, with effect from 1 January 1993.
The Czech translation of the Agreement is announced simultaneously.
AGREEMENT
establishing a European Bank for Reconstruction and Development
Contracting Parties,
reporting on the fundamental principles of pluralistic democracy, the rule of law, respect for human rights and the market economy;
welcoming the intention of Central and Eastern European countries to promote the practical implementation of pluralistic democracy, the strengthening of democratic institutions, the rule of law and respect for human rights and their will to implement reforms towards market-oriented economic development;
taking into account the importance of close and coordinated cooperation to promote the economic progress of Central and Eastern European countries in order to help their economies to become more international competitive and to help them restore and develop them and to reduce, where appropriate, the risks associated with financing their economies;
Convincing that the provisions of a multilateral financial institution, European by its fundamental character and widely international by its members, will help these objectives and create a new and unique structure for cooperation in Europe;
agree to establish a European Bank for Reconstruction and Development ("the Bank '), which will operate in accordance with the following provisions:
OBJECTIVES, FUNCTIONS AND ARTICLE
Objective
In support of economic progress and reconstruction, the Bank aims to promote the transition to open market-oriented economies and to promote private and business initiative in the countries of Central and Eastern Europe, which have applied to the principles of parliamentary democracy, pluralism and the market economy and which have applied these principles in practice.
Function
1. In order to meet the long-term objective of caring for the transition of Central and Eastern European countries to open market-oriented economies and supporting private and business initiatives, the Bank will help the beneficiary Member States to implement structural and sectoral economic reforms, including demonopolisation, decentralisation and privatisation, to help their economies fully engage in the international economy, as follows:
(i) promoting the creation, improvement and expansion of productive, competitive and private economic activity, in particular SMEs, through private and other interested investors;
(ii) mobilising domestic and foreign capital and experienced management cadets for the purpose referred to in point (i);
(iii) promoting productive investment, including investment in services and the financial sector, and in the relevant infrastructure where private and business initiatives need to be supported, thereby helping to create a competitive environment and increase productivity, living standards and working conditions;
(iv) providing technical assistance in the preparation, financing and implementation of relevant projects, whether individual or involved in specific investment programmes;
(v) stimulating and promoting the development of capital markets;
(vi) providing support for healthy and economically viable projects involving more than one beneficiary Member State;
(vii) promoting sound and stable development in their environmental activities; and
(viii) carrying out such other activities and providing such other services as may support these functions.
2. In carrying out the functions referred to in paragraph 1 of this Article, the Bank shall cooperate closely with all members and, in a manner consistent with the terms of this Agreement, with the International Monetary Fund, the International Monetary Fund, the International Financial Corporation, the Multilateral Investment Guarantee Agency and the Organisation for Economic Cooperation and Development, and shall cooperate with the United Nations and its institutions and other competent authorities, and with any entity, public or private, which shall deal with economic development or investment in the countries of Central and Eastern Europe.
Composition
1. The membership of the Bank is open:
(i) the first European and 2nd non-European countries which are members of the International Monetary Fund; and
(ii) the European Economic Community and the European Investment Bank.
2. Countries which may become members in accordance with paragraph 1 of this Article and which do not become members in accordance with Article 61 of this Agreement may be accepted as members of the Bank under the conditions laid down by the Bank at the time of approval by at least a two-thirds majority of the governors representing at least three quarters of all voting votes.
CAPITAL
Capital
1. The core capital of the bank is ECU 10 billion (10 000 000 000). It is divided into one million (1 000 000) shares with a nominal value of 10 000 (10 000) ECU, which can only be subscribed by members of a bank in accordance with Article 5 of this Agreement.
2. The capital at the start of the bank is divided into paid-up shares (paid-up capital) and the applicable capital volume. The total amount of nominal paid-up capital at the start of the company is ECU 3 billion (3 000 000 000).
3. The capital may be increased provided appropriate conditions are created by the approval of at least two thirds of the governors representing at least three quarters of the total number of members of the Bank.
Subscription of shares
1. Each member shall subscribe to the share of the bank's capital provided that the relevant legal requirements are met. Each subscription to the capital at the start of the bank is divided into paid-up shares (paid-up capital) and the applicable capital volume in a ratio of three (3) to seven (7). The basic number of shares to be subscribed to by each of the signatories to this Agreement who become members in accordance with Article 61 of this Agreement shall correspond to the number set out in Annex A. The amount of each member's initial subscribed share shall be at least 100 (100) shares.
2. The basic number of shares subscribed by countries to be accepted as members under paragraph 2 of Article 3 of this Agreement shall be determined by the Governing Council, provided that such subscription is not approved, which would result in the reduction of the total share of the capital of the Bank of the countries that are members of the European Economic Community, together with the share of the European Economic Community and of the European Investment Bank below the level of the majority of the subscribed capital.
(3) The Governing Council shall revise the Bank's capital at intervals not exceeding five (5) years. In the event of an increase in the capital, each member will have a reasonable opportunity to subscribe, under uniform conditions to be determined by the Governing Council, to a proportion of the increase in the capital equivalent to the ratio that his subscribed capital has to the total subscribed capital immediately before that increase. No member needs to subscribe to any part of the increased capital.
4. In accordance with the provisions of paragraph 3 of this Article, the Governing Council may, at the request of a member, increase or allocate shares not subscribed by other members, provided that such an increase does not result in a reduction in the total share of the countries that are members of the European Economic Community, together with the share of the European Economic Community and the European Investment Bank in the capital below the level of the majority of the subscribed capital.
5. First-time subscribed shares of members will be issued at face value. Other shares shall be issued at face value unless the Governing Council decides to issue such shares under special circumstances under other rules by approving at least two thirds of the governors representing at least two thirds of the total number of members' voting votes.
6. Shares may not be stopped or otherwise charged, or transferred, except to a bank under the conditions laid down in Part VII of this Agreement.
7. Members' obligations to shares are limited by the outstanding part of their emission value. No member is responsible for membership of the Bank's liabilities.
Payment of contributions
1. The payment of paid-up shares of the amount initially subscribed by each signatory to this Agreement, which becomes a member in accordance with Article 61 of this Agreement, shall be made in five (5) instalments, each of twenty (20) per cent of such amount. The first instalment shall be paid by each member within 60 (60) days of the date of entry into force of the Agreement or from the date of deposit of the relevant ratification, acceptance or approval in accordance with Article 61 if the deposit is later than the date of entry into force of the Agreement. The remaining four (4) instalments shall be payable gradually one year from the date of the previous instalment and shall be implemented in accordance with each member's legislative requirements.
(2) Fifty (50) per cent of each amount due in accordance with paragraph 1 of this Article or carried out by a member adopted in accordance with paragraph 2 of Article 3 of this Agreement may be carried out by a currency or other bond issued by that member, denominated in ecus, US dollars or Japanese yen, drawn up in accordance with the needs of the Bank for payment of its operations. These notes or debits are non-transferable, interest-free and payable to the Bank at nominal value on demand. Payment requirements for notes and debits shall be made, for an appropriate period of time, in such a way that the value of the requirements in ecus at the time of the request to each member is proportional to the number of shares subscribed and held by each member imposing such notes or other debits.
3. Any payment obligations of a member relating to the subscription of shares in the initial capital shall be settled either in ecus, US dollars or Japanese yen on the basis of the average exchange rate of the relevant currency to ecus for the period 30 September 1989 to 31 March 1990.
4. The payment of the bank's subscribed usable capital shall be subject to a call, taking into account Articles 17 and 42 of this Agreement, only if required by the bank for the purpose of fulfilling its obligations.
5. In the event of a call referred to in paragraph 4 of this Article, payment shall be made by a Member in ecus, US dollars or Japanese yen. These calls are uniform in ecus for each applicable share of the value calculated at the time of the call.
6. The Bank shall designate a place for any payment under this Article within one month of the inaugural meeting of the Board of Governors, provided that the first instalment referred to in paragraph 1 of this Article is paid to the European Investment Bank, which is the trustee of the Bank, before such designation.
7. For subscription cases other than those described in paragraphs 1, 2 and 3 of this Article, payments made by a member relating to the subscription of paid-up shares in the capital shall be made by a member in ecus, US dollars or Japanese yen, by cash payment or currency or by other debits.
8. For the purposes of this Article, payment or value denominated in ecus shall include payment or value in any freely convertible currency which, at the date of payment or collection, is equivalent to the value of the obligation in ecus.
Current capital resources
The term "normal sources of capital 'means banks within the meaning of this Agreement:
(i) the capital of a bank comprising the shares paid-up (paid-up capital) and the applicable amount of capital subscribed under Article 5 of this Agreement;
(ii) the funds resulting from the Bank's borrowing on the basis of the authorisation referred to in point (i) of Article 20 of this Agreement which are subject to a call obligation under paragraph 4 of Article 6 of this Agreement;
(iii) funds resulting from repayments of loans or guarantees and income from investments in assets carried out by the resources referred to in points (i) and (ii) of this Article;
(iv) the proceeds resulting from loans and investments in property made from the resources referred to in points (i) and (ii) of this Article and the proceeds from guarantees and subscription which are not part of the Bank's special operations; and
(v) any other funds or income generated by a bank not belonging to the resources of the special funds referred to in Article 19 of this Agreement.
OPERATIONS
Receiving countries and use of resources
1. The resources and equipment of the Bank shall be used exclusively to achieve the objective and performance of the functions referred to in Articles 1 and 2 of this Agreement.
(2) The Bank may carry out its operations in the countries of Central and Eastern Europe, which continue to move towards a market-oriented economy and to promote a private and business initiative and which comply with the principles set out in Article 1 of this Agreement by concrete steps.
3. In the event of a Member State introducing a policy not complying with Article 1 of this Agreement, or in exceptional circumstances, the Board of Directors shall consider whether a member's access to the Bank's resources should be suspended or otherwise amended and may make appropriate recommendations to the Governing Council. Any decision on this matter shall be taken by the Governing Council by a decision of at least a two-thirds majority of the governors representing at least three quarters of all voting rights of the members.
4. (i) Any potential beneficiary country may request that the Bank provide it with access to its resources for limited purposes for a period of three (3) years from the entry into force of this Agreement. Any such request shall be attached as an integral part of this Agreement as soon as it is made.
(ii) During this period:
(a) the bank shall provide technical assistance and other types of assistance to such a country and to undertakings within its territory, upon request, aimed at financing the private sector, facilitating the transition of state-owned enterprises to private ownership and management, and at helping undertakings operating on a competitive basis and aiming at participating in a market-oriented economy. The scope of this assistance shall be subject to the provisions of paragraph 3 of Article 11 of this Agreement;
(b) the total amount of any such assistance shall not exceed the total amount of shares in that country paid up in cash or in exchange.
(iii) At the end of this period, the decision to allow access to that country beyond the limits set out in points (a) and (b) shall be adopted by the Governing Council by the approval of at least a three-quarters majority of the governors representing at least eighty-five (85) percent of the total number of voting members.
Current and special operations
The Bank's operations shall consist of ordinary operations financed from the normal capital resources of the Bank referred to in Article 7 of this Agreement and special operations financed from the special funds referred to in Article 19 of this Agreement. Both types of operations may be combined.
Breakdown of operations
1. Current capital and resources from the Bank's special funds are always held, used, pre-determined, invested or otherwise fully separate from each other in all aspects. The bank's financial balance shall be reported in the bank's reserves together with the current operations and separately the special operations.
2. Under no circumstances will the bank's normal capital resources be burdened or used to cover losses and liabilities arising from special operations or other activities for which the special funds were originally used or intended.
3. The costs directly linked to the normal operations will be borne by the bank's normal capital resources. Costs directly linked to specific operations shall be borne by the resources of the special funds. All other costs shall be reimbursed in accordance with paragraph 1 of Article 18 of this Agreement as decided by the Bank.
Methods of operations
1. The Bank shall carry out the operations to pursue the objective and functions set out in Articles 1 and 2 of this Agreement by any or all of the following:
(i) by granting loans or co-financing with multilateral institutions, commercial banks or other participating institutions, or by participating in loans to private sector undertakings, public undertakings operating on a competitive basis and aiming at participating in a market-oriented economy, and any State-owned undertaking to facilitate its transfer to private ownership and management; in particular to facilitate or promote the participation of private and / or foreign capital in such undertakings;
(ii) (a) investments in the capital of private sector undertakings;
(b) investments in capital of public undertakings operating in a competitive and market-oriented manner and investments in capital of public undertakings in order to enable them to move to private ownership and management; in particular to facilitate or promote the participation of private and / or foreign capital in such undertakings; and
(c) by subscription (taking-over of risk) to the issue of securities by both private and public companies referred to in point (b) of this paragraph for the purpose referred to in point (b) of this paragraph; where other means of financing are not appropriate;
(iii) facilitating access to domestic and international capital markets to private companies and other companies referred to in point (i) of this paragraph for the objectives referred to in point (i) of this paragraph by providing guarantees in cases where other forms of financing are not appropriate and by providing financial advice and other forms of assistance;
(iv) the use of resources from special funds in accordance with agreements determining their application; and
(v) providing or participating in loans and providing technical assistance for the reconstruction and development of infrastructure, including environmental programmes, needed for private sector development and transition to a market-oriented economy.
For the purposes of this paragraph, a State firm shall not be considered to be competitive unless it operates autonomously in a competitive market environment and is subject to bankruptcy laws.
2. (i) The Board of Directors shall, at least once a year, examine the Bank's operations and lending strategy in each beneficiary country to ensure full compliance with the Bank's objectives and functions set out in Articles 1 and 2 of this Agreement. Any decision based on such review shall be taken by at least a two-thirds majority of directors representing at least three quarters of the total voting rights of members.
(ii) That review includes, inter alia, an assessment of the progress made by each beneficiary country in decentralisation, demonopolisation and privatisation and the relative share of bank loans to private undertakings, state-owned enterprises in the process of moving towards participation in a market-oriented economy or privatisation, and for infrastructure, technical assistance and other purposes.
3. (i) No more than 40 (40) percent of the total amount of loans, guarantees and capital investments provided by the Bank, irrespective of other operations referred to in this Article, shall be granted to the State sector. This percentage limitation will initially be applied for a two-year period starting from the date of the start of the Bank's operations, cumulatively for both years, and thereafter in each subsequent financial year.
(ii) In each country, no more than 40 (40) percent of the total amount of loans, guarantees and capital investments granted by the Bank over a period of five (5) years, irrespective of other operations of the Bank referred to in this Article, shall be granted to the State sector.
(iii) For the purposes of this paragraph,
(a) the State sector includes national and local governments, their institutions and companies owned or controlled by any of those institutions;
(b) the loan, guarantee or capital injection into a public undertaking participating in a private ownership and management programme shall not be considered to be granted to the State sector;
(c) loans to the financial intermediary for subsequent lending to the private sector shall not be considered as loans to the state sector.
Restrictions on current operations
1. The total amount of outstanding loans, holdings and guarantees provided by the Bank in its current operations shall not be increased in any period if this increase would exceed the total amount of unimpaired subscribed capital, reserves and gains included in its current capital.
2. The volume of investment in assets shall not exceed the percentage of the core capital of the company concerned, set at an appropriate level as a general rule by the Board of Directors. The Bank does not seek to obtain a decisive share of shares in the company through such an investment and does not carry out such a procedure or assume direct responsibility for the management of any company in which it has invested, except in cases of actual or imminent non-compliance with obligations relating to any investment, the actual or imminent insolvency of the company in which it has invested, or in other cases where the Bank considers that the investment is at risk. In such cases, the Bank may take such measures and exercise such rights as it considers necessary to protect its interests.
3. The amount of capital participations issued by the Bank in any period shall not exceed the amount corresponding to its total outstanding subscribed capital, profits and general reserve.
4. The Bank shall not be liable for export credits or for any insurance activity.
Principles of action
The Bank shall carry out its activities in accordance with the following principles:
(i) the bank's business is based on sound banking principles;
(ii) the Bank's activities are provided by financing specific projects, whether individual or included in specific investment programmes, and technical assistance intended to fulfil the objectives and tasks set out in Articles 1 and 2 of this Agreement;
(iii) the bank does not finance any action within the territory of the member if the member objects to such financing;
(iv) the bank will not allow a disproportionate amount of its resources to be used for any member;
(v) the bank seeks to comply with a reasonable modification of its investments;
(vi) before granting a loan, guarantee or equity participation, the applicant shall submit the relevant proposal and the President of the Bank shall submit a written report to the Board of Directors on the proposal and a recommendation based on an analysis prepared by the apparatus;
(vii) the bank will not provide any financing or material options if the applicant is able to obtain sufficient funding or material options from other sources under conditions which the bank considers reasonable;
(viii) when providing financing or guarantees, the bank pays due attention to whether the debtor and his guarantor, if any, will be able to meet their obligations under the contract;
(ix) in the case of a direct loan, the bank will allow the debtor to draw funds only to cover the actual incurred costs;
(x) the Bank shall seek the turnover of its funds by selling its investments to private investors whenever this can be reasonably and under satisfactory conditions;
(xi) in its investments in individual undertakings, the bank carries out financing under the conditions it deems appropriate, taking into account the company's requirements, the risks to be taken into account by the bank and the conditions under which similar financing is made by private investors;
(xii) the bank shall not apply any restrictions on the supply of goods and services from any country by means of any loan, investment or other financing under the bank's ordinary or special operations and shall, where appropriate, make the provision of its loans and other operations subject to an international tender; and
(xiii) The bank will take the necessary measures to ensure that the funds from any loan granted by the bank to which it has granted a guarantee or in which it has taken part, or from any equity participation, are used only for the purposes for which the loan or capital participation has been intended, with due regard to economic and efficiency issues.
Conditions for loans and guarantees
1. In the case of loans granted by the Bank, in which it has participated or guaranteed, the contract shall determine the terms of the loan or guarantee, including those relating to repayment of the principal, interest and other charges and costs, maturity and repayment dates of the loan or guarantee. In setting these conditions, the Bank will fully respect the need to secure its revenue.
2. If the beneficiary of loans or loan guarantees is not a member but a State firm, the Bank may, where appropriate, with regard to the different approaches to public undertakings and public undertakings in the transition to private ownership and management, require the member or members in whose territory the project is to be carried out, or the public agency or any institution of that member or members that is acceptable to the Bank, to provide a guarantee for the repayment of the principal and repayment of interest and other charges and charges associated with the loan in accordance with its terms. The Board of Directors shall examine annually the Bank's practice in this matter with due regard for its creditworthiness.
3. The loan or guarantee contract shall explicitly indicate the currency or currencies or ecus in which all payments to the bank resulting from the contract are to be made.
Commissions and fees
(1) In addition, the Bank shall charge a commission on interest on loans which it grants or participates in as part of its normal operations. The terms of this commission shall be determined by the Board of Directors.
2. In the case of a guarantee for a loan as part of its current operations or in the case of a subscription on the sale of securities, the bank shall charge the fees due under the terms (rates, time limits) set by the Board of Directors in order to obtain sufficient compensation for its risks.
3. The Board of Directors may fix any other payment charged for the bank's current operations and any other commission, fees or other burdensome payments for its special operations.
Special reserve
1. The amount obtained by the Bank from commissions and fees pursuant to Article 15 of this Agreement shall be deposited as a special reserve maintained to cover the losses of the Bank in accordance with Article 17 of this Agreement. The special reserve must be kept in liquid form as decided by the Bank.
2. If the Board of Directors determines that the scope of the special reserve is adequate, it may decide that all or part of the relevant commissions or fees will continue to form part of the bank's income.
Methods for covering bank losses
1. In normal operations of the Bank, in cases where loans granted by the Bank, loans on which the Bank participates or guaranteed loans are repaid late or not repaid at all, and in cases of loss of subscription and asset investment, the Bank shall take such measures as it considers appropriate. The Bank maintains a reasonable margin for expected losses.
2. The losses arising from the bank's normal operations shall be charged to:
(i) the reserves referred to in paragraph 1 of this Article,
(ii) net income,
(iii) the special reserves referred to in Article 16 of this Agreement,
(iv) general reserves and surpluses,
(v) paid-up capital at original (non-reduced) value,
(vi) the relevant amounts of the outstanding subscribed usable amount of capital to be paid in accordance with the provisions of paragraphs 4 and 5 of Article 6 of this Agreement.
Special Funds
(1) The Bank may adopt the management of the special funds designated to serve the purpose and functions of the Bank. The full management costs of any specific fund shall be charged to that special fund.
2. The special funds adopted by the Bank may be used in any way and under any conditions consistent with the purpose and functions of the Bank and consistent with the other relevant provisions of this Agreement and with the agreement or agreements relating to those Funds.
The Bank shall adopt such rules as may be required for the establishment, management and use of each special fund. Such rules shall comply with the provisions of this Agreement, except for those provisions which are clearly applicable only to the bank's normal operations.
Resources of special funds
The term "resources of special funds' refers to resources of any specific fund and includes:
(i) funds adopted by the Bank for inclusion in any specific fund;
(ii) funds paid up in respect of loans or guarantees and the proceeds of investments in securities financed from the resources of any special fund which, under the rules governing that special fund, receives such a special fund; and
(iii) the return on investments of the resources of the special funds.
ENTERTAINMENT AND OTHERS
General authorisation
(1) The Bank shall be empowered, in addition to any additional powers specified in other parts of this Agreement:
(i) to borrow funds in the Member States or at all times, provided that:
(a) obtain its consent before selling its bonds in the territory of the country concerned; and
(b) if the bank's debits are to be denominated in the national currency of a Member State, the bank shall obtain its consent;
(ii) invest or depose funds which are not necessary for the execution of their operations;
(iii) purchase and sell on the secondary market securities issued by the bank, guaranteed or invested in;
(iv) to guarantee the securities in which it has invested in order to enable them to be sold;
(v) subscribe or participate in the subscription of securities issued by any company with a view to the same purpose and functions as the Bank;
(vi) to provide technical advice and assistance serving its objectives and falling within its activities;
(vii) to exercise additional powers and to approve further regulations and restrictions where necessary or appropriate to support the objective and functions which comply with the provisions of this Agreement; and
(viii) conclude cooperation agreements with any public or private entity or entity.
2. Any security issued or guaranteed by a bank shall bear on its face a notable statement in the sense that it is not a government or a member's debt paper, unless it is a government or a member's debt paper, in which case it must be stated.
MONETARY
Determination and use of currencies
1. Whenever it is necessary under this Agreement to determine whether any currency is freely convertible for the purposes of this Agreement, this decision is made by a bank which takes into account the decisive requirement, namely the safeguarding of its own financial benefits. If necessary, the Bank shall take a decision after consulting the International Monetary Fund.
2. Members shall not impose any restrictions on direct debits, holdings, use or transfer by the Bank to:
(i) the currency or ecus received by the bank by the repayment of the shares in the capital in accordance with Article 6 of this Agreement;
(ii) currencies borrowed by the bank;
(iii) currencies and other resources managed by the Bank in the form of contributions to special funds; and
(iv) currencies acquired by the Bank by the payment of principal, interest, dividends or other charges relating to loans or investments; or as income from the investment of the funds referred to in points (i) to (iii) of this paragraph or in currencies obtained by payment of commission and other charges.
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Regulation Information
| Citation | Communication from the Ministry of Foreign Affairs No. 309 / 1997 Coll., on the negotiation of the Agreement on the Establishment of the European Bank for Reconstruction and Development |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 18.12.1997 |
|---|---|
| Effective from | 28.03.1991 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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