What if a state official causes my business a loss?

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The state compensates on a court decision, from the body’s own funds — then recovers from the official. Compensated Losses from an unlawful administrative act are made good by the state — on a court decision. From where First out of the relevant body’s own off-budget funds — then recovered from the official at fault by way of recourse. Also Losses from decisions that restrict investors’ rights, and from unlawful interference in business, are compensated. Good faith An investor who relied on an administrative act later annulled is compensated for the resulting loss. Court first Cancelling an act that affects a good-faith investor’s interests is a matter for a court — unless keeping it threatens the public interest. In full Harm from unlawful decisions or inaction is compensated in full from targeted compensation funds. Two acts answer this and they fit together. The Investment Law provides that losses caused to a person carrying on investment activity by an unlawful administrative act of a state body or official are subject to compensation by the state on a court decision, met in the first place out of the relevant body’s off-budget funds and then recovered from the official responsible by way of recourse. Decisions that restrict investors’ rights, and unlawful interference in their business, are compensable on the same footing. The 2018 decree adds the good-faith case, which is the more common one. An investor who relied on the legal force of an administrative act — used property, made a transaction, took the benefits it offered — and then saw that act annulled is compensated for the resulting loss; and the question of cancelling or altering an act that affects a good-faith investor’s lawful interests is one for a court, unless leaving it in place would threaten the public interest. Harm from unlawful decisions, acts or inaction is compensated in full from targeted funds established for the purpose.

What if a state official causes my business a loss?

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