Stanovaya O. CONCESSION INSTITUTE: WORLD PRACTICE AND WAYS TO IMPROVE LEGAL REGULATION IN THE REPUBLIC OF BELARUS
The article provides a comparative legal analysis of the concession agreement and the lease agreement according to the legislation of the Republic of Belarus. The author highlights the main distinctive features of the concession agreement which allow to clearly separate this institution from the lease agreement. It is stated that it is impossible to replace the concession agreement with the lease contract because of its functional insufficiency for the effective implementation of the concession mechanism. The author concludes that it is necessary to consolidate the concession agreement as an independent institution of civil law of the Republic of Belarus.