Law "On concessions". Country/Territory Latvia Document type Legislation Date 2000 (2003) Source FAO, FAOLEX Subject Energy, Fisheries, Forestry, Land & soil, Mineral resources, Sea Keyword Concession Contract/agreement Business/industry/corporations Financing Geographical area Europe, Europe and Central Asia, European Union Countries, Northern Europe Entry into force notes This Law enters into force on the date of its official publication. Abstract This Law establishes that concession shall be intended transfer of rights for rendering services or of exclusive rights to management of concession resources that are transferred for a certain period of time through conclusion of concession contract. The scope of this Law shall be determination of the modalities of granting concessions and also the basic principles of conclusion of concession contracts. Terms and conditions of concession contracts shall contain the following information: (a) concession resources and place of location thereof; (b) actions that concession holder is authorized to perform; (c) period of validity and expiry date of concession contract; (d) minimum amount of investment; (e) payments to state and local budget; and (f) guarantees against financial and commercial risks. Full text Russian Website latvia.news-city.info