LAW OF THE KYRGYZ REPUBLIC

of March 6, 1992 No. 850-XII

About concessions and the overseas concessionary enterprises in the Kyrgyz Republic

This Law regulates economic, organizational and legal conditions of provision for the benefit of development of economy of the Kyrgyz Republic of concessions, and also activities of the concessionary companies in the territory of the republic.

1. General provisions

Article 1. Concept of concession

Concession represents the government authorization of the Kyrgyz Republic to the investor on implementation of certain type of the business activity connected with representation to it in temporary use of property, the earth and its subsoil.

Article 2. Legislative regulation of concessionary activities

General terms of the concession treaty are regulated by this Law, and also the Civil code of the Kyrgyz Republic, the laws of the Kyrgyz Republic" About investments in the Kyrgyz Republic", "About the general beginnings of privatization, privatization and entrepreneurship" and other legal acts regulating investing and business activity in the territory of the Kyrgyz Republic.

If the international treaty establishes other rules, than those which, contain in the legislation of the Kyrgyz Republic are applied provisions of the international treaty.

Article 3. Basic principles of concessionary activities

The basic principles of concessionary activities are:

- contractual long-term nature of activities;

- competitive approach to the choice of concessionaries;

- observance of the regulations and industrial safety rules operating in the Kyrgyz Republic, environmental management and environmental protection;

- complex use of subject of the concession treaty.

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