Adopts a procedure for early settlement of investment disputes

On 14 February 2012, the Council of Ministers adopted Resolution No.146 which sets out the procedure for early pre-court settlement of disputes between Belarus and investors arising out of investment contracts with the Republic of Belarus as well as out of bilateral investment treaties concluded by Belarus. The Resolution nominates agencies authorized to deal with investor complaints. The procedure prescribes an initial 15-day period for dealing with the complaint (subject to prolongation that cannot exceed three months) and a 7-day time-limit for production of information requested by the authorized body from other state organs. Every year the Ministry of Economy shall produce a report analyzing investor complaints and making proposals for elimination of the causes for investment disputes.

• Type:

  • Treatment and operation (Dispute settlement)

• Industry:

  • Not industry specific

• Sources:

  • Government of Belarus, Council of Ministers of the Republic Belarus, Resolution of 14 February 2012 No.146 “On adoption of Regulation on pre-trial settlement of disputes (controversies) connected with investments”, http://www.economy.gov.by/ru/invpolicy/pravovie-usloviya-invest-deyatelnocty/norm-akty, 14 Feb 2012