* A project shall be terminated in the following cases:
+ The investor decides to terminate the project;
+ The project has to be terminated according to the regulations of the contract or company’s charter;
+ The project duration is over;
+ 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 this Law;
+ The land of the project is withdrawn by the State, or the investor is not permitted to keep using the premises and fails to complete procedures for change of project location within 06 months from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;
+ The investor fails to execute or is not able to execute the project after 12 months 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 this Law;
+ The project is terminated under a decision of the Court or arbitral tribunal.
Any question please contact NVCS for detail case-by-case legal advices.