The legislative act, adopted on 19 October 2010, supplements the Law "On Concession" with a new clause 214 concerning the rights of concession holders. Thus, "the terms of the concession agreements concluded under the applicable law are valid during the period of validity of the agreement in case the legislation (except of tax, customs and monetary legislation, and the laws on licensing of several types of economic activity) sets new terms that worsen the conditions of the concession holders or restrict their rights, unless the parties agreed to amend the terms."
The President of Ukraine believes that it contravenes clauses 58 and 94 of the Constitution of Ukraine. Under Clause 94 of the Constitution of Ukraine, the Law comes into force in ten days since it official promulgation, but not earlier than the day of its publication.
The draft was registered under Reg. No. 4674.