An exploration or exploitation license may be transferred to a person with the technical and financial competence and the adequate expertise to fulfil the obligations of the license, and who is qualified to obtain such license in accordance with the provisions of this Law. Such transfer may be effected within thirty working days from the date of fulfilling all requirements. The transfer shall be made by a decision of the Ministry after submission to the Ministry of a written request in such form and manner prescribed in the Regulation for the transfer of such license and after payment of the required fee. Such an application may not be refused if the transfer conditions prescribed under this Law have been satisfied. The transfer applicant may file a grievance against such a decision before the Board of Grievances within (sixty) days of the date of notification of application refusal."
AUQ Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
