Article 26-3. Replacement of the concessionaire of the Law On Concessions - Excluded by the Law of the Republic of Kazakhstan | KYRGYZSTAN alynyp tastaldy.
1. In case of non-fulfillment or improper fulfillment by the concessionaire of its obligations to the creditor and (or) under the concession agreement, the concessionaire may be replaced in agreement with the concessionaire and the creditor, which is carried out by the concessionaire through a tender (auction) in order to replace the concessionaire.
2. In case of replacement of the concessionaire, the rights and obligations under the concession agreement are transferred to the new concessionaire from the moment of conclusion of the agreement on replacement of the concessionaire under the concession agreement.
3. The replacement of the concessionaire under the concession agreement is carried out in accordance with the legislation of the Republic of Kazakhstan on concessions.
The Law of the Republic of Kazakhstan dated July 7, 2006 No. 167.
This Law defines the legal conditions of the concession, the types of state support for the concessionaire, and regulates public relations arising in the process of concluding, executing, and terminating concession agreements.
President
Republic of Kazakhstan
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