BPO-LAW (draft)

Law on International Business Services (draft)

Law on International Business Services Park (draft)


Inkraft seit 2022-12-31

Artikel 16
Withdrawal of park resident title

(1) A Park resident's title shall be withdrawn by termination of the contract with the Park Authority in the following circumstances:


a) at the initiative of the Park Resident, if the Park Administration fails to comply with the provisions of the contract for the conduct of business in the Park and does not remove the violations within 30 days of receipt of written notice from the Park Resident;


b) at the initiative of the Park Administration, if the resident of the Park does not comply with the provisions of the contract for the operation of the Park and does not remove the violations within 30 days of receipt of written notification from the Park Administration;


c) in case of violation of the provisions of this Law, of the legislation on prevention and combating money laundering, of other normative acts, on the basis of an irrevocable court decision in this regard;


d) in other cases stipulated in the contract for the activity in the park;


e) at the initiative of the Park Administration, if, following the annual verification by the auditing entity, it is found that the resident no longer meets the conditions for qualification as a resident of the Park for international business services, provided for by this Law.


(2) In the cases referred to in paragraph (1) (a), (b) and (e), the title of a Park resident shall be withdrawn by a decision of the Park Administration.


(3) Withdrawal of the park resident title shall entail deprivation of the resident of the facilities granted under this Act.


(4) Park residents may appeal against decisions on the withdrawal of their resident's title in court.