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Agreement between the Government of the Republic Moldova and the Russian Joint-Stock Society “Gazprom” on the Principles for the Regulation of Indebtedness of the Republic Moldova for the Delivery of Russian Natural Gas in 1994 to 1996 - Russia and the Republics Legal Materials - Second Series
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22353
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Originally from Russia and the Republics Legal Materials - Second Series
Preview Page The Government of the Republic Moldova and the Russian Joint-Stock Society “Gazprom” (RAO “Gazprom”), hereinafter the Parties, for the purposes of regulating the indebtedness of the Republic Moldova (without the Dnistr Districts) for natural gas delivered in 1994 to 1996, have agreed on the following:
Article 1
The Government of the Republic Moldova shall assume the obligation for part payment of the natural gas delivered to the Republic Moldova by RAO “Gazprom” in 1994 to 1996 under contracts with the State Concern “Moldovagaz” in the amount of 140 million US dollars.
The Parties shall effectuate the restructuring of the aforesaid indebtedness of the Republic Moldova for the delivery of Russian natural gas in 1994 to 1996 in the amount of 140 million US dollars by means of the issuance of State securities (bonds) of the Republic Moldova with installment repayment thereof for a period of 7 years, including a two-year privileged period during which only the revenue shall be paid in the form of 7.5% on the par value of the securities (bonds).
William E. Butler, Emeritus Professor of Comparative Law in the University of London, attached to University College London, is the John Edward Fowler Distinguished Professor of Law at the Dickinson School of Law, Pennsylvania State University, and Founder and Director of The Vinogradoff Institute.
An authority on the legal systems of Russia and former Soviet nations, he is the author, co-author, editor or translator of more than 3,500 books and articles on Russian, Soviet, Kazakhstan, Ukrainian, Uzbekistan, and other Commonwealth of Independent States legal systems. He has acted as Counsel to the EBRD, European Union, World Bank, United Nations, and Department for International Development of the United Kingdom on individual law reform projects.
The recipient of numerous honors for his service to Russian and international law, Professor Butler is Academician of the National Academy of Sciences of Ukraine and the Russian Academy of Natural Sciences, Associate of the International Academy of Comparative Law, and Member of the Russian Academy of Legal Sciences. He has been elected to his fourth term as a member of the Russian International Court of Commercial Arbitration. In 2003 Professor Butler was awarded the G. I. Tunkin Medal by the Russian International Law Association.
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