Some Legislative Acts Regarding The Concessionaires' Rights Have Been Amended

On 18 January 2011, the new Law of Ukraine on guaranteeing of the rights of the concessionaires came into force.

In general, the Law is aimed at strengthening concessionaires' rights to own and use the property related to the implementation of the concession projects; the new Law, undoubtedly, purports to create a more attractive and favourable legal climate for concessionaires and international investors in Ukraine. 

In particular, the new Law amends the Land Code of Ukraine allowing concessionaires to acquire leasehold or freehold rights to state or communal land plots to be used for concession activity without undergoing land auction. This should reduce the concessionaires' costs during the implementation phase of the concession.