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21 February, Tuesday

Ufa   °

Amendments are made to the law concerning concession agreements

Business

The President of Russia Dmitry Medvedev has made amendments to two Federal Laws. The first concerns concession agreements.

According to these amendments, it is understood now as the object of concession agreements not only the real property, but also a complex of movable and real property technologically connected among themselves.

It is provided a possibility to transfer the property, which is economically managed by state and municipal unitary enterprises to a concessioner.

As Research-and-Production Enterprise "Guarant-Ufa" informs the Federal law establishes that the rights to realize the activity provided by the concession agreement can serve as way of securing obligations of the concessioner.

Tags: legislation
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