BPO-LAW (draft)

Law on International Business Services (draft)

Law on International Business Services Park (draft)


Stand:
Chapter VI
EVALUATION AND CONTROL OF PARK ACTIVITY

Art.

  14 Evaluation of the work of the international business services park and its residents

The results of the activity of the park and its residents are evaluated by the Ministry of Economy.

Original 

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See the original = Romanian


Art.

  15 Verification of main activities

(1) The activities of the park residents are subject to mandatory annual verification of the fulfilment of the indicators required to acquire and maintain the status of park resident for international business services.

(2) The indicators subject to verification shall be established by the Park Administration and the verification shall be carried out by audit entities.

(3) The results of the verification shall be published on the official website of the International Business Services Park.

Original 

This is a translation. No guarantees!

See the original = Romanian


Art.

  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(1) A Park resident's title shall be withdrawn by termination of the contract with the Park Authority in the following circumstances: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(2) In the cases referred to in paragraph (1) (a), (b) and (e), the title of a Park resident shall be withdrawn by a decision of the Park Administration.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.

Original 

This is a translation. No guarantees!

See the original = Romanian


Art.

  17 Dismantling the international business services park

(1) The Park may be abolished by a Government decision, on the proposal of the Ministry of Economy, if the Park does not achieve the objectives stipulated by this Law and by its own organization and functioning regulations. The Government Decision on the park's dissolution shall enter into force 6 months after the date of its publication.

(2) The termination of the park shall entail the loss of the title of resident of the park and the termination of the regime of facilities granted to the residents of the park under this Law.

Original 

This is a translation. No guarantees!

See the original = Romanian