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Non-compliance in the provision of public service, beneath the contractually agreed phrases. Moreover, a severe breach of contract, which affects the goals and purposes of the project, might lead to termination of the contract. The PPP Law foresees the payment of an award or subscription bonus that should be between zero.5 per cent and 5 per cent of the worth of the concession property. The concession contract can foresee the phrases beneath which the reversion and switch of property will take place. The powers to examine port operations are established in the common legislation and in the concession contract. Concession contracts for greenfield initiatives could additionally be extended for a maximum period of 10 years in case of large projects and the place the project life cycle and technological or biological necessities of their implementation or means of their implementation so require.
The information contained in this website just isn’t meant to create, and receipt of it does not constitute, a lawyer-client relationship nor is it intended to substitute for the recommendation of an attorney. This web site and its publications usually are not designed to provide authorized or other advice and you shouldn’t take, or refrain law firm istanbul türkiye firm from taking, motion based on its content. Dentons is a worldwide legal apply providing client services worldwide by way of its member companies and affiliates.
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