On Oct. 24, LTH PRL published law amending the Investment Law.
LTH PRL published Law XIV-3041 of Oct. 17, 2024, amending Articles 2, 4, 13, 15-6, 15-8 and Section Four-1 of the Investment Law VIII-1312 of Jul. 1999, as amended.
Main Points
Amendments re public-private partnership-concession and government-private partnership-contracts; provisions applying to companies in free economic zones.
Concept, methods and application principles of public and private sector partnerships.
Partnerships between government and private entities; assets' creation, transfer, management, return under the agreement between government and private entities.
Assessment of application to conclude a large-scale project investment contract.
Effectiveness
The law enters into force on Dec. 1, 2024; part 2 of art 8 applies on Oct. 25, 2024.
Regulators
LTH PRL
Entity Types
Corp; Fiduciary
Reference
OG 2024-18465, 10/24/2024; Law XIV-3041, 10/17/2024; Law VIII-1312, 7/7/1999
