vlad.tribnet.com / Issue #152 / Business / Reading article...

The krai will create a commission to protect the rights of foreign investors because officials are counting on overseas funds to restore prosperity in Primorye, Gov. Yevgeny Nazdratenko announced Oct. 7.

The commission’s first task will be to make proposals about pursuing unsettled investigations into investors’ rights violations. This will include proposals on seizing assets from guilty parties and redistributing those recovered funds to affected investors, depositors and stockholders.

Its next step will be to attract and protect investments into the krai economy, giving priority to foreign investments that exceed $5 million or are spent on one of Primorye’s one hundred largest enterprises, Nazdratenko said.

Nazdratenko said the commission will help coordinate krai executive organs and local federal branches that regulate financial and stock markets in Primorye on the rights and interests of investors. It will investigate future violations of investors’ rights, and pursue institutions failing to meet liabilities to investors.