New Sochi law passed

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Russian President Dmitry Medvedev has signed a law introducing amendments which will regulate preparation for and hosting of the 2014 Sochi Winter Olympic Games.

According to Russian news agency Itar–Tass, the new law stipulates some " special features" for ownership rights on land and other real estate objects, e. g. a procedure to issue easement certificates to build and/or operate Olympic sites. The law also regulates how to keep a state land cadastral register, the state registration procedure of land ownership rights and real estate deals, the transfer of a plot of land from one category to another, real estate appraisal, and the role of notary services and courts. The new law particularly focuses on urban planning. It specifies what procedure the state would have to undertake to design the documentation of Olympic sites and " describes special features of technical conditions and payments" to connect an Olympic site to the engineering infrastructure. The law comes a few weeks after Sochi 2014's Organising Committee released the first categories of products and services which are now open to top tier domestic sponsors. A number of companies representing selected categories will have an opportunity to take part in a public tender process to compete for all the rights and privileges of 'XXII Olympic and Paralympic Winter Games 2014 General Partner' status. The following product and service categories have been released: Metallurgy, Oil, Gas, Banking Services, Telecommunication Services, Sportswear and Apparel. After a thorough selection and evaluation process, one company in each of the released categories will be given the status of Sochi 2014 General Partner. The exclusive rights and privileges gained by the selected Partners will be valid throughout Russia over the course of the next eight years. Invitations to tender have already been sent out to industry leaders in each of the categories, published on the Sochi 2014 official website www. sochi2014. com in the PARTNERS section and announced in the media. Sochi 2014's preparations for the event have gathered momentum throughout 2008 with several key milestones/objectives having already been reached. These include:• The creation of an effective management system for the 7, 000 projects involved in the preparation of the Games;• The implementation of intellectual property protection that has come into force in Russia due to the Civil Code. Together with the Olympic law, enacted in late 2007, it will provide full legal protection to the Olympic and Paralympic symbols;• The experience of the Beijing Olympic and Paralympic Games were analysed in order to integrate solutions developed by the Beijing 2008 Organising Committee to the functional areas of Sochi 2014;• The plan of Sochi 2014 sports venues–including all training facilities–were approved by the IOC. This included the approval of more than 100 technical specifications and requirements for most venues and infrastructure;• The IOC agreed with the basic parameters of the Olympic transport infrastructure. During Sochi 2014, the Organising Committee will ensure the smooth transportation of approximately 250, 000 people per day to the competition venues, and the effective management of more than 7, 000 units of transport;• Currently, the introduction of corporate planning and management is being implemented within the Organising Committee. The introduction of ERP solutions (Enterprise Resource Planning), which supports the Organising Committee's functions (accounting, budget control, procurement management, personnel management and many more areas), is playing an important role in the process. Moreover, for the first time in Olympic history, Sochi 2014 plans to transfer its solutions to the IOC for use by future Organising Committees;• Sochi 2014 introduced a system of financial reporting, which fully meets the requirements of both the IOC and Russian law.

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