The bill (Reg. No.7402) supplements clause 27 of the Law "On Production Distribution Agreement" with a new part.
Thus, under the bill, "the state guarantees that rights and obligations of the investors defined by the production distribution agreement, are subject to the legislation efficient in the moment the agreement was concluded, except for legislation that reduces the rates of taxes or charges or cancels them, simplifies regulation of economic activity regarding investigation and extraction of mineral resources, alleviates state supervision (control) in the economic sector or modifies responsibility of the investor, which is applicable since the moment of enforcement.
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