Law No. 534-XIII on concessions.

https://www.fao.org/faolex/results/details/en/c/LEX-FAOC075130

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Russian

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LEX-FAOC075130

Pages

9

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This La establishes that objects of concession can be land and other natural resources, exploration, prospecting, extraction and management thereof. All categories of land except for protected areas and forest fund can be allotted in concession. Concession shall be regulated by concession contract. The Act consists of six Sections divided into 27 articles: (1) general provisions; (2) provision of concession; (3) concession contract and compensation; (4) rights and duties of the parties; (5) guarantees and liability; and (6) conclusive provisions. Expropriation of land and other resources allotted in concession shall be authorized only in exclusive cases by decision of the Parliament. In case of concession of land and other natural resources concession contract must contain issue regarding land reclamation, compensation for expropriation of land, maximum authorized environmental impact and terms and conditions of industrial waste storage.

Legislation