Legal Framework
NIB is governed by its constituent documents, namely the Agreement among its member countries and the Statutes, as well as the Headquarters Agreement concluded between NIB and the Government of Finland. These establish that NIB is the member countries' common international financial institution, having the same status as other legal persons conducting similar operations within and outside the member countries. Furthermore, the constituent documents stipulate that NIB has the status of an international legal person with full legal capacity, define the immunities and privileges of the Bank and its personnel and set out the structure for the governance of the Bank.
Constituent documents
Agreement and Statutes (68 kB)
Headquarters Agreement (34 kB)
Read more about this topic: Nordic Investment Bank
Famous quotes containing the words legal and/or framework:
“No oppression is so heavy or lasting as that which is inflicted by the perversion and exorbitance of legal authority.”
—Joseph Addison (1672–1719)
“Seeing our common-sense conceptual framework for mental phenomena as a theory brings a simple and unifying organization to most of the major topics in the philosophy of mind.”
—Paul M. Churchland (b. 1942)