Will The Draft Law Be Taken On The Payment Of Compensation To Investors In The Second Reading

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January 6, 2022
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Information about the state duma’s website appeared that on december 18 in the legislative body of the country in the second reading the draft federal law will be considered, regulating the rules for payment of compensation to investors in the event of closing gambling zones.

Will The Draft Law Be Taken On The Payment of Compensation to Investors in the Second Reading

The bill involves paying compensation when closing the gambling zone or adjusting its borders within 10 years from the moment of its creation.

The amount of compensation will be approved by the government of the russian federation. In the event that the gambling zone will be eliminated later than 10 years after its creation, the compensation of investors is not relying.

The purpose of the draft law is to streamline economic activity for operators and investors, as well as to make legal certainty to form an acceptable investment climate. Indition, the adoption of the draft law will be a guarantee of damages and reduce the degree of risks that investors carry.

The law will not apply to the gambling zone «azov city», which is eliminated soon. In relation to current gambling zones – in case of adoption of the law – norms will be applied 10 years after their entry into force.

Recall that the draft law on payment of compensation to investors of liquidated gambling zones was held first reading in the state duma of the russian federation.

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