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Zelensky signs law on simplification of state property leasing

Source : 112 Ukraine

The law defines clear stages and terms of the procedure for leasing property that is not used by the state
21:19, 25 December 2019
Zelensky at Normandy summit
Reuters
 
President of Ukraine Volodymyr Zelensky signed Law No. 157-IX on the lease of state and communal property, the press service of the President’s Office informs.
 
This law introduces a simple and transparent procedure for leasing state and municipal property on terms of the free competition.
 
The document sets out in a new edition of the law of Ukraine "On the lease of state and communal property", and also makes changes to the Commercial and Civil Codes, the Bankruptcy Code of Ukraine and a number of laws, defining legal, economic and organizational relations related to the transfer of property for rent.

According to the law, leasing of state and municipal property will be carried out by selling the right to lease property at an electronic auction in an electronic trading system.

The law defines clear stages and terms of the procedure for leasing municipal property that is not used by the state.
 
Related: Zelensky approves restart of State Bureau of Investigation


The auction is held in accordance with the contract concluded between the lessor and the operator of the electronic site.

According to the law, a protocol on the results of the auction is generated and published in the electronic trading system automatically on the day the auction ends. At the same time, information about the bidders is not subject to disclosure until the end of the auction.
 
 
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