Law on the Rights of Landowners to Compensation for Restrictions on Economic Activities in Specially Protected Nature Territories and Microreserves.

This Law provides conditions by which compensation for restrictions on economic activities in protected territories established by the State or local governments shall be granted and the procedures for granting such compensation. Compensation granted for restrictions on economic activities in protected territories shall be divided as follows: (a) reimbursement; and (b) exchange of a land parcel situated in a protected territory to an equivalent land parcel owned by the State or local government. A landowner in the cases specified in this Law shall have the rights to compensation from: (a) the State — for restrictions on economic activities in the protected territories established by the State; or (b) local government — for restrictions on economic activities in the protected territories established by the relevant local government. The landowner, whose property rights to the parcels of land have been registered in the Land Register, shall have the rights to request compensation. If a land property is owned by several owners, compensation shall be requested only by all joint landowners upon their mutual agreement. Only one type of compensation specified in this Law may be granted to a landowner in respect of a specific land parcel, for which restrictions on economic activities have been determined — reimbursement or land exchange. Compensation shall not be granted to direct or indirect administration authorities and the State or local government capital companies.