Procedures for issuance of Certificate of investment registration
Author: Admin Test Updated: 27/03/2017 Views: 62

A project shall be terminated in the following cases:

- The investor decides to terminate the project (Details);

- The project has to be terminated in accordance with the regulations of the contract or company’s charter (Details);

- The project duration is over (Details);

- The investor fails to overcome the difficulties that lead to project suspension in the cases mentioned in Clause 2 and Clause 3 Article 47 of Law on Investment 2014;

- The land of the project is withdrawn by the State, or the investor is  not permitted to keep using the premises and fails to complete procedures for change of project location within 06 months from the day on which the decision on land/premises withdrawal is issued;

- The registry office cannot contact the investor or the investor’s legal representative after 12 months from the date of suspension of the project (Details);

- The investor fails to execute or is not able to execute the project according to the schedule registered with the registry office and is not permitted to extend the project execution schedule as prescribed in Article 46 of Law on Investment

- The project is terminated under a decision of the Court or arbitral tribunal.

In case of concurrent shutdown of a project and a business organization, the project shall be shutdown as set out in this Article and the investor shall follow procedures for shutting down the business organization according to relevant regulations of law

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