Article 11. Resolutions of the Center

The resolutions of the Center are documents adopted by its bodies and aimed at establishing, amending or repealing legal norms binding upon all persons within the territory of the Center.

The resolutions of the Center are based on the provisions of this Constitutional Law, on elements of the common law of England and Wales, and/or on the standards of leading international financial centers.

All resolutions of the Center shall be subject to mandatory publication in the English language in the official sources of the Center. In this connection, unless a later date is specified in the resolution of the Center itself, it shall enter into force on the day of its official publication. A resolution of the Center that has not been officially published shall have no legal force or effect and shall not be binding on the subjects of the Center.

The procedure for the development, coordination with competent authorities, registration, publication, enactment, amendment and supplementation, suspension, invalidation, and termination of resolutions of the Center, as well as the correlation of resolutions of the Center, shall be determined by the Governing Council.

Resolutions of the Governing Council shall be adopted collegially by a simple majority of votes. In the event of an equality of votes, the vote of the Chairperson of the Governing Council shall be decisive.

Resolutions of the Governing Council concerning the activity of the Center shall be developed by the Administration of the Center on the basis of leading international experience and standards.

Resolutions of the Governing Council may undergo legal examination with the involvement of international legal organisations.