Article 51-1. Replacement of the Private partner of the Law On Public-Private Partnership
1. In case of non-fulfillment or improper fulfillment by a private partner of its obligations to a creditor who has concluded a direct agreement, and (or) under a public-private partnership agreement, it is allowed to replace the private partner in agreement with creditors who have concluded a direct agreement, which is carried out by holding a tender (auction) by the public partner in order to replace the private partner.
2. In case of replacement of a private partner, the rights and obligations under the public-private partnership agreement are transferred to the new private partner from the moment of conclusion of the agreement on replacement of the private partner under the public-private partnership agreement.
3. The replacement of a private partner under a public-private partnership agreement is carried out in accordance with the legislation of the Republic of Kazakhstan in the field of public-private partnership.
The Law of the Republic of Kazakhstan dated October 31, 2015 No. 379-V SAM.
This Law defines the legal conditions of a public-private partnership, its methods of implementation and regulates public relations arising in the process of preparing and implementing a public-private partnership project, concluding, executing and terminating a public-private partnership agreement.
President
Republic of Kazakhstan
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