Decision 20/5

October 1996
General policies

With regard to the issue of transnational corporations owned by enterprises in Article 5 countries, the Executive Committee noted the recommendations of the Sub-Committee on Project Review (UNEP/OzL.Pro/ExCom/20/5, para. 14) and decided that:

(a) The decision taken by the Executive Committee at its Seventh Meeting (UNEP/OzL.Pro/ExCom/7/30, paragraph 88) should not apply to corporations owned by enterprises in countries that had always operated under Article 5;

(b) Projects involving transnationals owned by enterprises in countries that had been reclassified as Article 5 countries should be considered on a case by case basis, taking into account paragraph (e) of decision VI/5 adopted by the Sixth Meeting of the Parties.