Dear colleagues and visitors, welcome to the website of the Economic Court of the Commonwealth of Independent States!
Here you can find detailed legal information on the activity of the CIS Economic Court – the first judicial institution of its kind in the post-Soviet area.
The CIS Economic Court holds a special place in the Commonwealth of Independent States. Being a statutory body of the authoritative international organization, it is also an interstate court aimed to provide the fulfillment of economic commitments within the framework of the Commonwealth.
The Member States pledged to create the Economic Court of the CIS in the Agreement on the measures to provide for improvement of payments between economic entities of the CIS countries (May 15, 1992) and set up it by the Agreement on the status of the Economic Court of the Commonwealth of Independent States (July 6, 1992) and by the Charter of the Commonwealth of Independent States (January 22, 1993).
The establishment of the CIS Economic Court and its subsequent reforming has always been in the forefront of the development of the Commonwealth of Independent States. Nowadays, the Court has held to its credit a range of decisions on various issues of international cooperation, being fully consistent with high expectations of the Member States as a statutory body of an international organization.
The importance of the CIS Economic Court’s activity is emphasized by the CIS Council of the Heads of States, the highest body of the Commonwealth, in the Concept of further development of the CIS (October 5, 2007): “a necessary element of the modern framework of international economic relations is a judicial mechanism of dispute settlement”.
This website provides you a unique opportunity to acquire all the necessary information on the history of the CIS Economic Court, its structure and activity. I hope this information will be useful for practicing lawyers as well as for amateurs who are fascinated with law.
The President of the CIS Economic Court,
The President of the Plenum of the CIS Economic Court