WORLD TRADE ORGANIZATION RESTRICTED
ORGANISATION MONDIALE DUCOMMERCEWT/ACC/ALB/22
21May1997
ORGANIZACI ÓNMUNDIAL DEL COMERCIO(97-2118)
Original: English/
anglais/
inglés
ACCESSION OFALBANIA
Communication from Albania
Thefollowing unofficial translation oftheLawonStateEnterprises1,reproduced hereunder,
hasbeenreceived from theMinistry ofIndustry, Transport andTrade oftheRepublic ofAlbania.
ACCESSION DEL'ALBANIE
Communication del'Albanie
LeMinistère del'industrie, destransports etducommerce delaRépublique d'Albanie afait
parvenir auSecrétariat latraduction nonofficielle reproduite ci-après delaLoisurlesentreprises d'Etat.1
ADHESI ÓNDEALBANIA
Comunicación deAlbania
Seharecibido delMinisterio deIndustria, Transporte yComercio delaRepública deAlbania
lasiguiente traducción nooficial delaLeydeEmpresas delEstado.1
1English only/anglais seulement/inglés solamente.WT/ACC/ALB/22
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LAW ONSTATE ENTERPRISES
(Non official translation)
OnthebaseofArticle 16oftheLawNumber 7491dated 29April 1991"Onmainconstitutional
provisions", withproposal oftheCouncil ofMinisters
PEOPLES ASSEMBLY OFTHE REPUBLIC OFALBANIA DECIDED:
CHAPTER 1
GENERAL PROVISIONS
Article 1
Thislawdetermines thejuridical regime oftheState enterprises which, inconformity with
theobject foreseen intheirestablishment act;exercise theactivity ofproduction, commercial orservice
having asanaimtherealization oftheprofit andincrease ofthewealth.
Article 2
State enterprises areeconomic bodies andhavejuridical personality. TheState istheonly
owner ofthecapitals ofthese enterprises andconsequently exercises itsownrights asowner in
accordance withthelegislation inforce andtheprovisions ofthepresent law.
Article 3
1. Stateenterprises areestablished bythedecision ofStateadministrative organs, central orlocal.
2. Stateenterprises profit juridical personality afterregistration intheCourt (commercial register)
andinfinancial entity ofthejurisdiction where theyhavetheirheadquarters, according togeneral rules.
Article 4
State enterprises cancreate branches which havejuridical personality andexercise outtheir
activity under theenterprise control.
Article 5
Stateenterprises, except thecases when byspecial provisions isforeseen inadifferent way,
exercise their activity under thesame conditions astheother enterprises, inaccordance withthe
legislation andtheprovisions ofthislaw.
They actunder theconditions offreeandlegalcompetition way, andtheydonotenjoy any
privileges orrights which demolish thecondition ofthiscompetition.
Article 6
1. Stateenterprises determine themselves theeconomic andfinancial program andtakedecisions
foritsfulfilment respecting thelegislation inforce.
2. Stateenterprises determine freely theprices ofgoods orservices, onthebaseoftheofferand
demand, withexception ofsuchcases which aredetermined byspecial provisions.WT/ACC/ALB/22
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3. State enterprises through theiractivity provide thefinancial balance byselling productions,
goods orservices inthelocalorforeign market.
Article 7
Stateenterprises which putintoexploitation national wealths ofaspecial importance intheir
economic andfinancial programs takeintoconsideration alsothetasks which come from thegeneral
programs oftheState forthedevelopment oftheeconomy oritsspecial branches. TheCouncil of
Ministersmayforeseefortheseenterprisesotherformsoforganization,includingeconomiccommunities,
aswellasspecial status, without deteriorating thegeneral terms ofthislaw.
Article 8
State enterprises keeptheirbalance sheet, prepare andpresent annual accounts andreport
periodically thefigures andstatistical data, according tojuridical provisions inforce.
Article 9
1. Annual accounts ofState enterprises areverified andapproved byoneorseveral external
accountants, theprofessional andpersonal conditions ofwhom areforeseen byspecial provisions.
Suchacheck isindependent ofthechecks foreseen byother juridical provisions anddoesnotsubstitute
them.
2. Accountants oftheaccounts arenominated foraperiod offouryears bytheorgan oftheState
administration, which alsonominates theManaging Board oftheenterprise.
Article 10
1. Director oftheenterprise represents periodically andobligatory attheendofeachyear, report
fortheeconomic anfinancial activity oftheenterprise.
2. Annual report oftheactivity aftertheapproval bytheManaging Board oftheenterprise, is
senttotherespective organ ofStateadministration together withannual accounts certified according
tothecriteria stipulated inArticle 9ofthepresent law.
3. Annual report oftheeconomic andfinancial activity oftheenterprise, through representatives
ossyndicates, ismade known alsototheemployees oftheenterprise.
Article 11
1. State enterprises usetheamount ofannual profit realized, aftersubstraction oftax,forthe
aimsandinthefollowing sequence:
- forcreation ofreserve ofcapital;
- forcreation ofreserve fordevelopment;
- forcreation ofreserve forsocial assistance;
- forcreation ofreserve foradditional remuneration oftheemployees;
- forcreation ofother reserves.
2. TheStatedoesnottakefromtheStateenterprise partsoftheprofit, except theobligations which
comes from thetaxation legislation.
Article 12
Thereserve ofthecapital intheStateenterprises iscreated every yearuntilitsamount achieves
notlessthanonetenth oftheamount ofthecapital. Itiscalculated notlessthanfivepercentoftheWT/ACC/ALB/22
Page4
amount ofannual profit, which remains aftersubstraction ofthelosses forwarded from theyearor
previous years, ifthere aresuchlosses.
Article 13
1. Thereserve foradditional remuneration oftheemployees iscalculated onthesame amount
oftheprofits asinArticle 12andisnotmore than15percent.
2. Stateenterprises maydistribute additional remunerations foremployees onlywhen theypossess
respective reserve andnotmore thantwomonthly salaries inayearforeachemployee.
Article 14
1. Theenterprises afford theoccurred losses during theexercise ofannual activity bymeans of
thereserve ofthecapital. Ifsuchareserve ismissing orisinsufficient theamount ofuncovered loss
iscarried forward inthesuccessor year.
2. TheStatedoesnotfinance thelosses oftheStateenterprises, except bylaw,withtheexception
ofspecial cases when ithastodowiththesubsidies ofthecontrolled prices according theapproval
oftheCouncil ofMinisters.
Article 15
1. AStateenterpriseguaranteesandisresponsiblewithitsownwealthforallitsobligationstowards
thirdparties.
2. TheStateisnotresponsible fortheobligations oftheState enterprises towards thirdparties.
Article 16
Stateenterprises aresubject totheprocedures ofbankruptcy incases andinthewayforeseen
bytherespective legislation.
CHAPTER II
ORGANIZATION AND FUNCTIONING
Article 17
AStateenterprise isorganized andfunctions inconformity withtheprovisions ofthepresent
law.
Article 18
1. Themanaging body oftheState enterprise istheManaging Board.
2. TheManaging Board isacollegial body which realizes themanagement oftheactivity ofthe
State enterprise.
Article 19
1. TheManaging Board iscomposed ofnotlessthanfivemembers andnotmore thanseven
members.
2. TheManaging Board Members, andamong them thedirector, arenominated forafouryear
period bytheminister, thedirector ofanother central institution orfrom thelocalauthority organ
whohavetherighttodismiss byamotivated decision. They canberenominated.WT/ACC/ALB/22
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3. TheManaging Board Members asarulealsoexercise themanaging technical functions ofthe
enterprise.
4. Thewages andmodalities fortheadditional remuneration oftheManaging Board Members
arestipulated bytheprovisions oftheCouncil ofMinisters.
Article 20
TheManaging Board hasallattributes toactonbehalf ofandfortheaccount oftheenterprise.
Itexercises hisrights respecting legalprovisions inforce.
Article 21
1. TheManaging Board gathers atanytimetheinterest oftheenterprise needs, butasarulenot
lessthanonceinamonth.
2. Therighttoaskforameeting oftheManaging Board isheldbyitsdirector, orisbytherequest
ofthemajority ofthemembers oftheboard.
3. ThewaysofcallingoftheManagingBoard,aswellastheproceduresofthemeetingareincluded
intheregulation oftheState enterprise.
Article 22
TheManaging Board examines different matters onlyincases when notlessthanhalfofits
members arepresent.
Ittakes decisions bymajority ofvotes ofitsmembers.
Ifthevotes aredivided inequal parts, thevoteofdirector isdetermining. TheManaging Board
keeps thebook ofdecisions andproces-verbal which areundersigned byallitsmembers.
Article 23
TheManaging Board oftheStateenterprise takescollective decisions inconformity withlegal
provisions inforce forthefollowing important matters:
1. fortheestablishment, dismissal, joining ordivision ofthebranches;
2. fortheparticipation oftheStateenterprise inthecapital ofotherenterprises andothercompanies
localorforeign;
3. forstipulation ofthework salaries, theincrease ofsalaries andadditional remuneration ofthe
workers;
4. forthestipulation ofgeneral criteria ofemployment anddismissal fromthejobofemployees;
5. forthedischarge fromtechnical functions ofonemember oftheManaging Board byproposal
ofonlyofthedirector oftheenterprise;
6. forthesaleandrenting ofthemain means oftheenterprise;
7. fortheconclusion ofleasing contracts;
8. fortheconclusion ofleasing contracts inlocalorinternational markets;
9. forinternal regulation ofthefunctioning oftheenterprise andsocial matters which areconnected
withgeneral conditions ofthework;
10. fortheapproval ofyearly accounts andannual report oftheeconomic andfinancial activity
oftheenterprise.WT/ACC/ALB/22
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Article 24
1. TheDirector oftheStateenterprise represents theenterprise inallitslegalandadministrative
relationship. Healsosigns under hisresponsibility, among others, thecontracts which areconcluded
bytheenterprise.
2. TheDirector oftheenterprise hastherighttogiveorders andinstructions andtoputsanctions
inconformity withlegislation inforce.
3. TheDirector oftheenterprise mayauthorize therightofthesignature tooneofthemembers
oftheManaging Board. Thisrightcanberevoked anytime.
Article 25
Anycontract oragreement between theenterprise inonepartandthemembers oftheManaging
Board orother employees oftheenterprise, ontheother part,isprohibited, withtheexception ofthe
cases foreseen bylaw.
Article 26
TheDirector oftheenterprise andother themembers oftheManaging Board, according to
thecase, areindividually orjointly responsible toward theState, toward theenterprise andtoward
anyother thirdperson foranyinfringement thattheycarry outtolegislation inforce, toprovisions
ofthislaw,aswellasforthedamages which theymaycause totheenterprise asaconsequence of
themanagement bytheirpart.
Article 27
Theemployees oftheenterprise arerepresented intheManaging Board byadelegate who
ischosen bythetrade union which hasthebiggest number ofthemembers oftheenterprise. He
participates during theexamination ofthematters bytheManaging Board. Hedoesnothavetheright
tovote.
Article 28
TheManaging Board oftheState enterprise cannot takeadecision without firstconsulting
withtherepresentatives ofthetrade union intheenterprise, formatters foreseen inpoints 3,4and9
ofArticle 23ofthepresent law.
CHAPTER III
MERGER, DIVISION AND LIQUIDATION OFTHE ENTERPRISE
Article 29
Thetransformation oftheState enterprises inashareholder company orinother forms of
companies iscarried outinconformity withlegislation andregulations inforce.
Article 30
TheStateentity which nominates theManaging Board oftheenterprise maydecide, withthe
proposal oftheManaging Board orafterconsultation withit,thedivision oftheenterprise oritspartial
ortotalliquidation, merging itwithoneorseveral other State enterprises.WT/ACC/ALB/22
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Article 31
Incaseofbankruptcy, theliquidation oftheStateenterprise iscarried outinconformity with
thelegislation andregulations inforce. After theliquidation, theremaining partisreturned tothe
State.
CHAPTER IV
FINAL PROVISIONS
Article 32
Thislawisapplied forallStateenterprises which havetheirseatintheterritory oftheRepublic
ofAlbania, whether theyhavebeenestablished before orafterentering intoforce ofthislaw.
Article 33
TheCouncil ofMinisters stipulates detailed regulations forimplementation ofthislaw.
Article 34
Thelawnumber 7523dated 6November 1991"OnStateEnterprises" andnumber 7565dated
20May1992"Forsomechangesinthelawnumber7523dated6November991"OnStateEnterprises"
aswellasanyactwhich isincontradiction withthislaw,areabrogated.
Article 35
Thislawenters intoforce onemonth afteritsdeclaration.
Tirana, 13July1992
Number ofthelaw: 7582
Promulgated bydecree number 252,dated 17July1992 ofthePresident oftheRepublic ofAlbania,
SaliBerisha.