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Law on Chambers of Commerce and Industry in the Russian Federation - Russia and the Republics Legal Materials - Second Series
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22337
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Originally from Russia and the Republics Legal Materials - Second Series
Preview Page The present Law shall determine the general legal, economic, and social foundations of the creation of chambers of commerce and industry in the Russian Federation, establish the organizational-legal forms and orientations of their activity, and determine the principles of their mutual relations with the State.
Chapter I. General Provisions
Article 1. Concept of Chamber of Commerce and Industry
1. A chamber of commerce and industry is a non-State noncommercial organization combining Russian enterprises and Russian entrepreneurs [as amended by Federal Law of 19 May 1995].
2. A chamber of commerce and industry may engage in entrepreneurial activity only insofar as this is necessary in order to fulfill its charter tasks. The profit received by it shall not be distributed among members of the chamber of commerce and industry.
3. A chamber of commerce and industry shall not be a juridical person.
4. A chamber of commerce and industry shall be liable for its obligations with all of the property belonging to it.
5. A chamber of commerce and industry shall not be liable for obligations of its members, just as members of a chamber of commerce and industry shall not be liable for its obligations.
6. A chamber of commerce and industry shall not be liable for obligations of enterprises created by it, just as these enterprises shall not be liable for obligations of the chamber of commerce and industry.
7. A chamber of commerce and industry in fulfilling the functions provided by its charter shall operate within the framework of the Constitution and laws of the Russian Federation.
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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