On The Amendment Of The Agreement Between Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway And Sweden On Nordic Investment Bank Attached To Existing Nordic Investment Bank Statute

Original Language Title: Par grozījumiem Līguma starp Dāniju, Igauniju, Somiju, Īslandi, Latviju, Lietuvu, Norvēģiju un Zviedriju par Ziemeļu Investīciju banku pielikumā esošajos Ziemeļu Investīciju bankas Statūtos

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Read the untranslated law here: https://www.vestnesis.lv/ta/id/228375

The Saeima has adopted and the President promulgated the following laws: on amendments to the agreement between Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden on Nordic investment bank attached to existing Nordic investment bank statute, article 1. Amendments to the agreement between Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden on Nordic investment bank (hereinafter referred to as the Treaty) in the annex to the existing Northern investment bank (hereinafter referred to as the amendments) with this law is adopted and approved.
2. article. Amendments shall enter into force in article 2 of the Treaty within the time and in order, and the Ministry of Foreign Affairs shall notify the newspaper "journal".
3. article. The law shall enter into force on the day following its promulgation. With the law put amendments in English and their translation into Latvian language.
The law in the Parliament adopted 24 March 2011.
The President of the Parliament instead of the President s. Āboltiņ in Riga in 2011. on 8 April, the amendment OF the ANNEX OF the agreement BETWEEN DENMARK, Estonia, FINLAND, ICELAND, Latvia, Lithuania, NORWAY AND SWEDEN CONCERNING the NORDIC investment BANK (STATUTE OF the NORDIC investment BANK), the Decision of the Board of Governors on the capital increase of the Nordic Investment Bank (Section 3). The authorised capital stock of the Bank shall be EUR 6,141,903,086 subscribed by the Member countries as follows: Denmark Estonia Finland EUR 1,293,922,083 EUR 56,254,434 EUR 1,088,148,207 EUR 58,075,722 EUR 82,072,738 Iceland Latvia Lithuania Norway Sweden EUR 1,320,805,204 EUR 119,795,914 EUR 2,122,828,784 Any increase or decrease in the authorised capital stock shall be decided upon by the Board of Governors, after a proposal by the Board of Directors of the Bank. Any such increase or decrease in the authorised capital stock shall be allocated among the Member countries based upon their gross National income at market prices as determined from time to time by the Board of Governors.
(Section 4) The Member countries have made available to the Bank 6.815502352081970 per cent of the subscribed the authorised capital stock. The payments have been made upon a request from the Bank.
The remainder of the subscribed capital stock shall be subject to call to the exten to the Board of Directors of the Bank it not deemas cessary for the fulfilmen by the Bank of its debt obligation.
 
Amendments to the agreement between Denmark, ESTONIA, Finland, Iceland, Latvia, Lithuania, Norway and Sweden on Nordic Investment BANK attached to existing Nordic Investment BANK statutes Nordic investment bank manager Council decision (3) the Bank's share capital is EUR 6 141 903 086, contributions by the Member States as follows: Denmark Estonia Finland EUR 1,293,922,083 EUR 56,254,434 EUR 1,088,148,207 EUR 58,075,722 EUR 82,072,738 Iceland Latvia Lithuania Norway Sweden EUR 119,795,914 EUR 1,320,805,204 EUR 2,122,828,784 on any share capital increases or reductions decided by the Manager of the Council, the Board of Directors of the Bank proposal. Any increase or reduction of share capital is divided between Member States, on the basis of Member States ' gross national income at market prices, as defined by the Manager at that particular moment.
(article 4) The Member States have transferred the Bank signed in 6.815502352081970 percent of the share capital. Payments are made at the Bank's request.
The rest of the subscribed share capital is available after the first request, to the extent that the Bank Manager, the Council considers it necessary for the Bank to meet its debt obligations.