PROBLEMS OF LEGAL STATUS OF THE ECONOMIC COURT OF THE CIS (REFORM OF THE COURT)

Abstract

The article deals with the legal status of the Economic Court of the Commonwealth of Independent States in the light of the reform of this body. The author draws attention to the historical aspects of the co-building of the Economic Court of the CIS, the current legal status of this organization, as well as the crisis in its activities. The question of reforming the Economic Court of the Commonwealth was posed by the very practice of its functioning, and the essence of the reform of the Court is to bring its status in line with the prevailing realities. The author comes to the conclusion that the current reform of the Economic Court of the CIS is unlikely to breathe life into it and will be able to drastically increase its activity, however, there remains a chance for the Court to continue to exist, albeit in a new format, but with the same content. In the event of a significant increase in the activity of the free trade zone within the CIS, the participating states still may need an instrument such as the CIS Economic Court. In this regard, this body is still present among the main organs of the Commonwealth.