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Law of the Republic of Crimea “On peculiarities of buying-out of property in the Republic of Crimea” of 8 August 2014 №47-ZRK

Law of the Republic of Crimea “On peculiarities of buying-out of property in the Republic of Crimea” of 8 August 2014 №47-ZRK  

The law came into force on 12 August 2014. It sets out the grounds (prevention of danger to life and health of the population in the Republic of Crimea; maintenance of the life-sustaining facilities; evacuation of people in emergency circumstances with the need to use this property as an object having a particular social, cultural and historical value) for the buying-out of property for the needs of the Republic of Crimea subject to prior and fair compensation for the value of property (Art. 1). The list of such objects shall be approved by the Council of Ministers of the Republic of Crimea (Art. 3) on the basis of an offer to buy out the property submitted by executive authorities of the Republic of Crimea and local authorities (Art. 4). The amount of compensation is set by the Council of Ministers of the Republic of Crimea on the basis of the evaluation report conducted by an organization with accreditation/license for the territory of the Russian Federation. (link)

Full content of the pact you can read by clicking on this link.

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