The Verkhovna Rada of Ukraine adopted the Law “On amendments to the Law of Ukraine “On Agreements on Production Sharing” (re state regulation of conclusion and implementation of agreements)

Information Department of the Verkhovna Rada of Ukraine Secretariat
18 June 2013, 13:00

 

The Law establishes that the parties to the production sharing agreement are the investor (investors) and the state in the person of the Cabinet of Ministers. To settle organizational issue of conclusion and fulfillment of production sharing agreements the Cabinet of Ministers establishes a temporary inter-departmental commission involving representatives of state bodies, bodies of local self-government and people’s deputies of Ukraine. Informational, organizational, material and other support of the Inter-departmental Commission is carried out by the central body of executive power, determined by the Cabinet of Ministers. The provision on the Inter-departmental Commission is approved by the Cabinet of Ministers.

The respective bill was registered under No. 2291.