February 01 2011
On December 23 2010 Parliament passed legislation that amended the protection of concessionaires' rights.
The Law on Concessions has been supplemented by a new section whereby the state guarantees protection of concessionaires' legitimate rights and interests. The new provisions also commit the government to observing the conditions for concession activities.
Specifically, the law provides as follows:
Leases must comply with the Land Code and the Law on Land Leases.
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