ITP-Law

Information Technology Parks Law

Law regarding the information technology parks


Stand:
Chapter VI
EVALUATION AND CONTROL OF THE PARKS ACTIVITIES

Art.

  17 - Assessment of the activities of the information technology Park and its residents

The performance of the Park and its residents is evaluated in accordance with the regulations approved by the Government and developed by the Ministry of economy.

This is a translation. No guarantees!

See the original = Romanian


Art.

  18 - Examination of the main types of activities

(1) the activities of Park residents are subject to annual mandatory verification of the performance of indicators necessary for obtaining and maintaining the status of an information technology Park resident.

(2) the indicators specified in the law and Subject to verification are established by the Park administration, and verification is carried out by audit companies.

(3) the Results of the audit are published on the official web pages of the Ministry of economy and the information technology Park.

This is a translation. No guarantees!

See the original = Romanian


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.

This is a translation. No guarantees!

See the original = Romanian


Art.

  20 - Disbandment of information technology parks

(1) If the Park does not fulfill the tasks provided for by this law and the regulations on the organization and operation of the Park, the Park may be disbanded by a Government decree on the proposal of the Ministry of economy. The government decree on the disbandment of the Park comes into force six months from the date of its publication.

(2) The disbanding of a Park entails the loss of the status of a resident of the relevant Park, as well as the cancellation of the regime of benefits granted to Park residents in accordance with this law.

This is a translation. No guarantees!

See the original = Romanian