Page:United States Statutes at Large Volume 105 Part 3.djvu/768

From Wikisource
Jump to navigation Jump to search
This page needs to be proofread.

105 STAT. 2652 PROCLAMATION 6320—AUG. 2, 1991 the Recognition and Enforcement of Foreign Arbitral Awards, signed in New York, June 10, 1958. 5. Nothing in this Article shall be construed to prevent, and the Parties shall not prohibit, the parties from agreeing upon any other form of arbitration or dispute settlement which they mutually prefer and agree best suits their particular needs. 6. Each Party shall ensure that an effective means exists within its territory for the recognition and enforcement of arbitral awards. Article XIII.—National Security The provisions of this Agreement shall not limit the right of either Party to take any action for the protection of its security interests. Article XIV.—Consultations 1. The Parties agree to consult periodically within the framework of the Joint US-USSR Commercial Commission to review the operation of this Agreement. 2. The Parties agree to consult promptly through appropriate channels at the request of either Party to discuss any matter concerning the interpretation or implementation of this Agreement and other relevant aspects of the relations between the Parties. Article XV. —Definitions 1. As used in this Agreement, the terms set forth below shall have the following meaning: (a) "company," means any kind of corporation, company, association, sole proprietorship or other organization legally constituted under the laws and regulations of a Party or an internal subdivision thereof, whether or not organized for pecuniary gain or privately or governmentally owned; provided that, either Party reserves the right to deny any company the advantages of this Agreement if nationals of any third country control such a company and, in the case of a company of the other Party, that company has no substantial business activities in the territory of the other Party or is controlled by nationals of a third country with which the denying country does not maintain normal economic relations. (b) "commercial representation," means a representation of a company or organization of a Party. (c) "national," means a natural person who is a national of a Party under its applicable law. (d) "organization," means, with respect to the United States, a company of the United States and, with respect to the Soviet Union, any economic entity or enterprise (including a company) engaging in foreign