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Home»Law and Cases»Legislation»Decree No. 1800 of 2004 relative to changes in ownership of companies that posses a permit for the breeding salmon or trout for consumption purposes.
Decree No. 1800 of 2004 relative to changes in ownership of companies that posses a permit for the breeding salmon or trout for consumption purposes.
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This Decree aims at controlling changes in ownership of establishments that hold a licence in accordance with Act No. 68 of 1985 for purposes of reaching the national objectives in the sea-based industries. The Decree prescribes changes that require approval by the Directorate of Fisheries, introduces a duty of notification and places restrictions on ownership: nobody may own more than fifty percent of the total concession volume in a given Fisheries Directorate region.
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Decree No. 1800 of 2004 relative to changes in ownership of companies that posses a permit for the breeding salmon or trout for consumption purposes.