Presidential Decree No. 2721 of 1995 on privatization.
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LEX-FAOC050128
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1
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This Decree consists of 5 Sections that contain 28 articles. Section 1 (arts. 1-4) lays down general provisions. Section 2 (arts. 5-11) specifies the objects of privatization. Section 3 (arts. 12-16) classifies the types of privatization. Section 4 (arts. 17-26) establishes the modalities and terms of privatization. Section 5 (arts. 27 and 28) lays down final and transitional provisions. Privatization means sale of state property to physical persons, non-public legal persons and foreign legal persons, carried out by decision of the state as owner within the framework of special procedures established by the present Presidential Decree or in accordance with the modalities established thereof.
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