ITP-Law

Information Technology Parks Law

Law regarding the information technology parks


In force since 2017-01-01, valid until before 2020-08-07

Art.

19

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In force since 2020-08-07

Art.

19

- Revocation of the Park's resident status

(1) the status of a Park resident is revoked by terminating the agreement concluded with the Park administration in the following cases:


a) at the initiative of the Park resident, if the Park administration does not comply with the provisions of the agreement on the implementation of activities in the Park and does not eliminate violations within 30 days after receiving a written notification from the Park resident;


b) at the initiative of the Park administration, if the Park resident does not comply with the provisions of the agreement on the implementation of activities in the Park and does not eliminate violations within 30 days after receiving a written notification from the Park administration;


c) on the basis of a court decision that has entered into force in connection with a violation of the provisions of this law, the legislation on preventing and combating money laundering, and other regulations;


d) in other cases stipulated by the agreement on the implementation of activities in the Park;


e) at the initiative of the Park administration if, as a result of an annual audit carried out by an audit company, it is established that the resident no longer meets the qualification requirements applicable to residents of the information technology Park provided for by this law.


(2) in the cases provided for in paragraph (1) (a), (b) and (e), the status of a Park resident is revoked by the decision of the Park administration.


(3) Revocation of the status of a Park resident shall result in deprivation of the right to use the benefits provided to Park residents in accordance with this law.


(4) Park residents may appeal the decision to revoke their resident status to a court.