The Council shall, however, act unanimously in respect of:

a. participation by the Community in the financing of the Joint Undertaking;
b. participation by a third State, an international organization or a national of a  third State in the financing or management of the Joint Undertaking.

Article 48

The Council may, acting unanimously on a proposal from the Commission, make  applicable to each Joint Undertaking any or all of the advantages listed in Annex III  to this Treaty; each Member State shall for its part ensure that these advantages are  conferred.

The Council may, in accordance with the same procedure, lay down the conditions  governing the conferment of these advantages.

Article 49

Joint Undertakings shall be established by Council decision.

Each Joint Undertaking shall have legal personality.

In each of the Member States, it shall enjoy the most extensive legal capacity  accorded to legal persons under their respective national laws; it may, in particular,  acquire or dispose of movable and immovable property and may be a party to legal  proceedings.

Save as otherwise provided in this Treaty or in its own statutes, each Joint  Undertaking shall be governed by the rules applying to industrial or commercial  undertakings; its statutes may make subsidiary reference to the national laws of the  Member States.

Save where jurisdiction is conferred upon the Court of Justice by this Treaty,  disputes in which Joint Undertakings are concerned shall be determined by the  appropriate national courts or tribunals.

Article 50

The statutes of Joint Undertakings shall be amended, where necessary, in accordance  with the special provisions which they contain for this purpose.

Such amendments shall not, however, enter into force until they have been approved  by the Council, acting in accordance with the procedure laid down in Article 47 on a  proposal from the Commission.

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