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"expropriate" - 1 õppematerjal

Business peciliarities in Ukraine and Bealrus
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Business peciliarities in Ukraine and Bealrus

Domestic legal safeguards available to foreign investors include: "grandfather clause" against adverse changes in the basic legal treatment of investments (as set out in the law of Ukraine "On Foreign Investment Treatment"); prohibition of nationalization; prohibition of expropriation not justified by evacuation / rescue measures taken in connection with disasters, accidents or epidemics, as well as judicial redress against a decision to expropriate the investment; expedient, adequate, and effective compensation for damages (including lost profits and non-pecuniary damages) incurred as a result of actions or omissions of the state authorities and their officials, as well as compensation for the value of the expropriated investment; time limitation (6 months) for return of the investment (including profits gained), etc. In practice, though, it might be difficult to challenge actions or omission committed by the

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