On valuation activities (statements of the Mejlis of Turkmenistan, 2011, no. 3, art. 53) (with changes and additions made by the Turkmenistan law dated 31.03.2012. No. 296-IV) this Act establishes the legal, economic and organizational basis of valuation activity, regulates the relations arising in the implementation of the assessment activities.
 
Chapter 1. GENERAL PROVISIONS Article 1. The basic concepts used in this law are used in this law the following concepts: 1) − possible market definition or another, different from the market value of the property evaluation;
2) appraisal activities − entrepreneurial activities in order to establish in respect of valuation of market or otherwise different from the market price;
3) − evaluation of objects objects of civil law rights established by this law in respect of which it may be exercised;
4) appraiser − physical person possessing special qualifications, ability and experience to determine the cost of evaluation objects, authorized under this Act to carry out evaluation;
5) approach to assessment − how to determine possible market or otherwise different from the market value of evaluation objects using one or more methods of assessment;
6) method of evaluating method for determining value of − estimates used in the framework of the evaluation approaches;
7) report on the assessment document conforming to the requirements of − this Act containing guidance on the tasks, goals and other evaluation criteria, as well as the results of the analysis leading to the conclusion of the evaluator on the market or otherwise different from the market value of the property evaluation;
8) date − assessment day or period of time that is determined by the potential market or other required from the market, the cost of the valuation;
9) − evaluation standards normative document setting out the requirements for performing the assessment;
10) market value − calculated amount by which object evaluation could be otčuždën on the basis of the deal in the face of competition, when the parties to a transaction would act with all the available information about this object, and on the contract price does not reflect the following situations, when: (a)) one of the parties to the transaction is not obliged to dispose of the object of evaluation, and the other party shall be obliged to acquire it;
b) submitted evaluation object on the open market through a public offer, typical of similar objects of evaluation;
Parties to the transaction) knowledgeable about the subject of the transaction and act in their best interests;
g) transaction price is equivalent to the remuneration for the object of evaluation, and coercion from any party to commit the transaction in respect of the parties to the transaction;
d) payment for the evaluation object expressed in monetary form;
11) other than market rate − cost valuation for all purposes other than evaluation, except for the purposes of the assessment of financial reporting;
12) contracting authority − the natural or legal person who is a consumer evaluation services, concluded a contract for the provision of evaluation services;
13) − re-evaluation of market definition or another, different from the market value of the object assessment in case of disagreement, the evaluation between subjects of valuation activity, either by voluntary expression of the customer;
14) false score − score, performed on an object that does not exist or assessment in compliance with the requirements of the normative legal acts of Turkmenistan and standards for evaluation in the field of evaluation, using the report on the evaluation of inaccurate information, leading to a distortion of the market or otherwise different from the market value of the property evaluation;
15) authorized body − authorized by the Cabinet of Ministers of Turkmenistan State body carrying out government regulation, control and other functions in the field of evaluation activity.
 
Article 2. Turkmen legislation on appraisal activity 1. Turkmen legislation on appraisal activity is based on the Constitution and consists of this law, other regulatory legal acts of Turkmenistan in the area of assessment activities.
2. If an international treaty to which Turkmenistan stipulates other rules than those provided for in this Act, the rules of the international treaty shall apply.
 
Article 3. The scope of this law this law shall apply to relationships arising in the implementation of the assessment assessment objects located on the territory of Turkmenistan, as well as outside Turkmenistan and Turkmenistan fully or partially owned.
 
Article 4. Basic principles of evaluation activities evaluation activities basic principles are independence, objectivity, reliability, confidentiality.
 
Article 5. The subjects of evaluation activity subjects of valuation activity are appraisers, legal entities of Turkmenistan regardless of the organizational-legal form, engaged in assessment activities (hereinafter referred to as "the artist of the evaluation), customers.
 
Article 6. Evaluation evaluation objects objects are movable and immovable property, including the following: 1) intangible assets and intellectual property;
2) law demands, liabilities (debts);
3) enterprises as property complexes;

4) other civil rights, in respect of which the legislation of Turkmenistan provides for the possibility of their participation in the civil circulation.
 
Article 7. Right for realization of estimated activity 1. The assessor is entitled to evaluate if it has received in accordance with this Act certificate of evaluator and is staff Executive Director evaluation (except as provided by paragraph 3 of this article).
As stated in the first paragraph of this part does not apply to credit institutions the relations associated with the evaluation of collateral.
2. the contractor evaluation competent to assessment activities only on the basis of received licenses for realization of estimated activity. While in the State Executive Director evaluation must be at least two evaluators, with certificate of evaluator.
3. in particular cases, to assess the evaluation object belonging to the State, as well as its deregulation and/or privatization to attract foreign direct investment or compiling financial reports according to international standards: 1) the Cabinet of Ministers of Turkmenistan may permit the customer to enter into a contract on rendering of services on foreign assessment valuation company;
2) artist evaluation may, with the permission of the authorized body and in the manner prescribed by the legislation of Turkmenistan, attract the necessary highly qualified foreign Appraisers.
4. In cases stipulated by normative legal acts of Turkmenistan, not related to the field of evaluation activities, evaluation is carried out by the State property appraisers (staff) of the State bodies (organizations) within the limits of their competence.
 
Article 8. Types of evaluation 1. Score may be mandatory and proactive.
2. evaluation of object of an estimation is mandatory if: 1) valuation assessment object, fully or partially State-owned, with a view to its privatization and (or) privatization (except for the privatization of residential houses and apartments), and in the cases stipulated by the legislation of Turkmenistan, in asset management or concession;
2) sale or other alienation of object of an estimation, except for the State-owned Mena State property with property in private ownership;
3) introduction of object of an estimation as a non-monetary contribution to the authorized capital (Fund) of a legal entity;
4) assignment of the debt associated with the assessment, owned by the State;
5) a dispute arises concerning the definition of value evaluation in the treatment of one of the parties;
6) redemption or other special evaluation object owners have seized for public use in cases stipulated by the legislation of Turkmenistan;
7) other cases stipulated by the legislation of Turkmenistan.
3. the requirement to conduct an assessment of the established part two of this article shall not apply to: 1) relations arising in the disposal of State-owned enterprises, organizations and institutions assigned to them (except when in accordance with the legislation of Turkmenistan, disposition of property is carried out with the consent of the owner of the property);
2) an estimate of the cost of new construction objects, buildings, houses, flats, which was carried out at the expense of the State, including apartments in houses of superior comfort and improved planning, which is done on the value determined in the manner prescribed by the legislation of Turkmenistan, not within the scope of evaluation activities;
3) new vehicles purchased in specialized showrooms, shopping centres or other dealers engaged in realization of the value determined in accordance with the contracts, registered at the State commodity exchange of Turkmenistan;
4) valuation of historical and cultural monuments, Antiquities and other movable property culture, precious metals, precious stones and articles made of them carried out in the manner prescribed by the legislation of Turkmenistan, not within the scope of assessment activities.
4. The initiative evaluation is carried out at the request of the customer to evaluate any object belonging to him for evaluation in the order established by this law.
 
Article 9. The right of the customer to evaluate the object of evaluation 1. The customer has the right to assess any objects belonging to assess on the basis and terms established by the present law.
2. the right to assess is unconditional and does not depend on the established legislation of Turkmenistan of arrangements for indexation of fixed assets, including for the implementation of the State Statistical accounting, accounting and preparation of financial statements.
This right extends to the re-evaluation of object of an estimation.
3. the results of the evaluation can be used to adjust data accounting and preparation of financial statements in accordance with the legislation of Turkmenistan.
 
Article 10. Assumption about determining the market value of object of an estimation
 

1. If the normative legal acts of Turkmenistan contains the requirement of mandatory evaluation of object of an estimation, either in the contract on rendering of services on the evaluation of specific value is not defined, the object of evaluation, it is anticipated that the establishment is subject to the market value of this object.
2. rule specified in paragraph 1 of this article shall apply also in cases of the use of normative legal acts of Turkmenistan, not related to the field of evaluation activity, or in an international treaty to which Turkmenistan terms determines the appearance of the value of the object of evaluation, such as the "real cost", "real value", "equivalent value", "relevant price" and other.
 
Article 11. Approaches to assessment 1. For evaluation are: 1) the cost approach-a set of methods for assessing the value of object of an estimation, based on the definition of the cost required to restore or replace the object of evaluation, taking into account its wear;
2) comparative approach-a set of methods for assessing the value of object of an estimation, based on a comparison of object of an estimation with those in respect of whom there is information about the prices of transactions at the date of their evaluation;
3) the income approach-a set of methods for assessing the value of object of an estimation, based on the identification of anticipated income and expenses from the object of evaluation;
4) different approaches to assessment.
2. To evaluate the different approaches might be taken and methods established valuation standards and (or) normative legal acts of Turkmenistan in the area of assessment activities.
3. The conditions and procedure for applying the approaches and methods for evaluating establishes standards of evaluation.
 
Chapter 2. State regulation of VALUATION ACTIVITY, article 12. Authorities exercising State regulation of valuation activity state regulation of valuation activity in Turkmenistan is exercised by the Cabinet of Ministers of Turkmenistan and the notified body.
 
Article 13. Competence of the Cabinet of Ministers of Turkmenistan Cabinet of Ministers of Turkmenistan: 1) defines the State policy in the sphere of evaluation activities;
2) adopts a programme of development of valuation activity in Turkmenistan;
3) defines the authorized body;
4) approves the regulatory legal acts of Turkmenistan in the field of evaluation activities;
5) sets the size of the State duty for notarial certification of deals with objects of evaluation;
6) exercise other functions in the field of evaluation activities in accordance with the legislation of Turkmenistan.
 
Article 14. Competence of the authorized body Empowered body: 1) implements government policies and exercises control in the area of assessment activities;
2) develops and ensures implementation of the program of development of valuation activity in Turkmenistan;
3) together with professional associations of valuers develops projects of national valuation standards and normative-legal acts of Turkmenistan in the field of evaluation activities;
4) is responsible for licensing evaluation activities;
5) develops and approves training programs of evaluators, establishes the procedure for conducting certification of evaluators, holds their certification;
6) submits the form report on evaluation;
7) provides subjects of valuation activity advice on assessment activities;
8) promotes competition in a market evaluation services by creating equal conditions for all subjects of valuation activity;
9) leads a State registry of appraisers;
10) exercise other functions in the field of evaluation activities in accordance with the legislation of Turkmenistan.
 
Article 15. Standards for evaluation 1. National valuation standards-regulations, laying down rules, principles, procedures, and other order requirements assessment and implementation of assessment activities.
Development of national standards for evaluation is based on international valuation standards.
Paragraph three of article 15 repealed the law of Turkmenistan on 31.03.2012 No. 296-IV.
National valuation standards are required to use all appraisers, regardless of the purpose and object of an estimation.
2. International valuation standards can be used by appraisers only, pending the approval of national standards of evaluation.
3. Normative-legal acts of Turkmenistan in the area of assessment activities should not contradict the national appraisal standards.
 
Article 16. Licensing Licensing evaluation activities evaluation activities carried out in the manner prescribed by the Turkmenistan law "about licensing separate kinds of activity".
 
Article 17. Training and certification of valuers 1. Training of evaluators is based on institutions of higher professional education of Turkmenistan or their training centres, with the right to carry out such training in accordance with the legislation of Turkmenistan.
 
2. training of evaluators is required for admission to the certification of individuals seeking to obtain qualification evaluator.
3. To qualify for a diploma can evaluator individuals having higher professional education in the field of: 1) assessment evaluation;

2) management, economics, finance, law, construction or other engineering education and additional training on the assessment evaluation.
Qualify for a qualification estimator is also entitled to individuals having recognized in Turkmenistan, documents of foreign States on higher vocational education and further vocational retraining in accordance with the requirements of the first paragraph of this part.
4. Are not permitted for certification, individuals with a criminal record: a), not pogašennuû or not removed in the manner prescribed by the legislation of Turkmenistan;
b) in respect of which no less than three years ago, it was decided to annul the results of the evaluation.
5. physical person whose certification as an evaluator, is entered in the State Register of valuers with giving him the qualification of appraiser.
Certificate of evaluator is issued for a period of three years and shall be valid throughout the territory of Turkmenistan.
6. Legal acts of Turkmenistan in the area of licensure assessment activities may stipulate other qualification requirements for individuals seeking to obtain qualification evaluator.
 
Chapter 3. The PROFESSIONAL ASSOCIATION of APPRAISERS of Article 18. The Professional Association of appraisers of 1. The Professional Association of appraisers established in the form of social organization on the initiative of their founders, the number of which is not less than five persons, operate independently from the number of members and perform the functions of the public regulation of valuation activity in Turkmenistan.
2. Professional associations of valuers: 1) represent the interests of their members in the bodies of State power and administration;
2) protect the rights and legitimate interests of their members in the event of disputes relating to the assessment of evaluation objects;
3) are involved in the drafting of national valuation standards and normative-legal acts of Turkmenistan in the field of evaluation activities;
4) participate in the training of assessors;
5) supervise the evaluation standards, quality evaluation services provided by its members;
6) conduct an examination (review) reports on the assessment of assessments based on the treatment of court or written request law enforcement and other State regulatory bodies or other legal grounds;
7) argue the rules for business and professional ethics, exercise control over their observance, as well as establish its members other implementation requirements assessment evaluation;
8) cooperate with international and foreign non-governmental associations of valuers on the development of valuation activity in Uzbekistan;
9) carry out other activities in accordance with the legislation of Turkmenistan.
3. The appraiser must be a member of only one Professional Association of Appraisers.
4. Evaluator may not be denied admission to membership in the Professional Association of evaluators in case of fulfilment of the conditions of membership in this Association.
5. Professional Association of appraisers shall have the right to decide on the exclusion of the valuer from among its members for violation of the requirements of this law and other normative legal acts of Turkmenistan, evaluation standards, rules of business and professional ethics and bylaws of the Association.
 
Chapter 4. Grounds and conditions for IMPLEMENTATION of EVALUATION ACTIVITIES Article 19. The basis for the evaluation of object of an estimation 1. The basis for assessment of the object of the evaluation is to assess the Treaty to be concluded between the Executive assessment and the customer (hereinafter referred to as the contract) in accordance with the legislation of Turkmenistan. The Treaty does not require notarization.
2. evaluation of Executive Treaty shall provide facilities for the establishment of project cost estimates, and the customer agrees to pay these services.
The contract between the provider and the customer evaluation: 1) establishes the purpose of the evaluation, the evaluation scope, procedures that are to be applied, the assumptions that have been made, as well as the restrictions and conditions that will be applied to evaluation and (or) the finalization of the assessment report;
2) may be provided to assess the specific object of evaluation, evaluation of a number of facilities or long-term customer service on his statements.
3. Fee assessment may not be depending on the value of object of an estimation.
4. Evaluation shall be applicable, as well as be used only for the intended purpose.
5. In cases stipulated by normative legal acts of Turkmenistan in the field of evaluation activities, evaluation of object of an estimation, including repeated, can be carried out on the basis of the decision of the (Appeals) Court of Justice, as well as by the decision of the authorized body.
6. the Court and authorized body shall be independent in the selection of the Executive Director of evaluation.
7. Costs related to the evaluation and cost evaluation services reimbursable by the employer in accordance with the agreed tariffs in accordance with the established procedure, in the absence of such tariffs-for a bargain price.
 
Article 20. Mandatory requirements to the Treaty 1. The contract shall be in writing and should contain: 1) name of object of an estimation, his whereabouts;
2) timing or valuation date;
3) type of evaluation;

4) views defined value (values) of the evaluation;
5) conditions, procedure and fees for provision of evaluation services;
6) information about liability insurance Executive Director evaluation;
7) privacy assessment and limitation of responsibilities of the appraiser;
8) the rights, obligations and liability of the parties for nonperformance or improper performance of the contract;
9) information about the document confirming the property right of the customer to object or on other grounds, provide to the customer the right to conclude a contract on evaluation;
10) information about the Executive evaluation license available for realization of estimated activity;
11) details of the parties (full name, legal address, bank details and individual tax number of the legal entity or name, surname, place of residence, passport data of a natural person).
The contract must also specify other information and conditions not covered by this part.
2. agreement on the assessment of the object (s) evaluation must contain an exact indication of the object of evaluation (evaluation objects), as well as its description.
3. When assessing the objects belonging to the State, the contract is with the balansoderžatelem of these objects.
 
Article 21. Assessment report and its content requirements 1. The Executive evaluation after evaluation is writing a report on the evaluation and passes it to the customer.
2. the content of the report on the assessment depends on its intended use, the type of the object assessment and job evaluation.
3. the assessment report shall contain the information necessary for the understanding of the evaluation. The report should be clearly, unambiguously set out the opinion of the appraiser about the value of object of an estimation. The report is not allowed or ambiguous introduction customer astray, it also should be a clear understanding of customer assessment, based on clear analysis, applied approaches and methods of evaluation, as well as the reasons on which the analysis, opinion and was drafted an opinion on the value of the object of evaluation (hereinafter referred to as the conclusion of the evaluation).
4. In the report on the assessment shall contain the following: 1) the date of the evaluation, as well as the date of the report;
2) the purpose of the evaluation;
3) the basis for the evaluation of object of an estimation;
4) details (name, location (legal address), bank details, individual tax identification number) Executive Director evaluation and the customer;
5) details of a licence issued by the Executive Director for realization of estimated activity evaluation;
6) surname, name, patronymic, number and date of issuance of the qualification certificate of evaluator who performed the evaluation;
7) exact description (identification and screening) assessment object, its carrying value;
8) list of standards for evaluation, evaluation approaches and methods (application, as well as the non-use of which is subject to argument), the original data (with indication of the source of their receipt) adopted in conducting the assessment, as well as assumptions and assumptions on the basis of which the evaluator run score;
9) view and definition of the cost estimated by explaining its contents;
10) and grounds evaluation stages determine the recommended value of the object of evaluation, restrictions and scope estimated cost;
11) list of documents used by the appraiser, establishing quantitative and qualitative characteristics of object of an estimation;
12) Act survey of object of an estimation.
5. If the evaluation of object of an estimation is determined by other than the market value, the report specifies the criteria for determining the costs and causes of deviations from a possible market value of object of an estimation.
6. In the report on the assessment should be disclosed in detail any assumptions and limiting conditions on which the assessment is based.
In a report on the assessment may also include other information that, in the opinion of the assessor, had a significant impact on the value of the ocenënnogo object.
7. report on the evaluation should be signed by the appraiser that evaluated, numbered page-by-page, stapled and skreplën a seal and Director's signature performer assessment.
If assessment is carried out by several valuers to assess different objects belonging to the object under valuation assessment, a report shall be signed by each appraiser indicating the objects of evaluation, for which he conducted the evaluation.
8. the report on the evaluation also copies: 1) license Executive Director evaluation and qualification of appraiser who performed the evaluation;
2) documents used by the evaluator, based on that have been identified qualitative and quantitative characteristics of object of an estimation.
9. Deposit deal statement on evaluation Executive evaluation is stored for five years.
10. Together with the evaluation report is transmitted to the customer opinion on evaluation, summarizing the main provisions of the report on evaluation.
 
Article 22. Reliability assessment report 1. The total value of the market or otherwise different from the market value of the object specified in the evaluation report on the assessment on the grounds and in the manner provided by this Act, recognized reliable and recommendatory nature for the purpose of making a deal with the object of evaluation.
2. in the event of a dispute about the reliability of the market values or other different from market value assessment, set out in the report on evaluation, including in connection with another report on the evaluation of the same object, the parties may apply to the Court.

3. the Court may appoint an independent assessment and reassessment for the sides to make a deal at the price defined by its results.
4. report on the evaluation of object on the territory of Turkmenistan, executed foreign appraiser requires mandatory confirmation of appraiser acting in accordance with the present law and recommended by the notified body, except for the cases stipulated in part 3 of article 7 of this law.
 
Chapter 5. Rights and duties, the EXECUTIVE DIRECTOR of the evaluation and the CUSTOMER Article 23. The rights and duties of assessor 1. The appraiser has the right to: 1) schedule an assessment in accordance with this Act and the contract signed with the customer evaluation;
2) identify approaches to assessment and evaluation methods applied in accordance with the applicable assessment standards at the time of evaluation;
3) to gain access to the customer's documentation necessary for assessment with the exception of information that constitutes a State or business secret;
4) receive from the customer written explanations and additional information required for the evaluation;
5) request in writing or orally by persons other than those of the evaluators and customers with a certain attitude to valuing property, the appraiser and appraisal activity to the order of the customer (hereinafter referred to as the third person), the information necessary for evaluation, with the exception of information that constitutes a State or commercial secret. If denying such information significantly affects the reliability of the results of the evaluation, the evaluator indicates this in the report on evaluation;
6) to carry out an inspection of an object of evaluation;
7) in the case of having to go to the head of the Executive Director requested evaluation to assess other Appraisers.
2. The appraiser has the right to refuse to carry out an evaluation in cases where the customer: 1) violated the terms of the contract;
2) has not provided information and/or documents necessary to evaluate or submitted documents containing incomplete or inaccurate data;
3) failed to provide the possibility of carrying out a survey of object of an estimation;
4) intervenes in the activities of the appraiser.
3. An appraiser shall: 1) carry out an assessment in accordance with the requirements of this law and other normative legal acts of Turkmenistan in the field of evaluation activities, evaluation standards and conditions of the contract;
2) report to the employer about the impossibility of implementation of evaluation and (or) during the circumstances obstructing them objective assessment referred to in paragraph 2 of this article and the second part of article 22 of this law;
3) in assessing accurately identify and define the object of evaluation, establish the purpose and intended use of the results of the assessment, take into account all relevant factors affecting the amount of the estimated cost, be reasonable and objective report on evaluation;
4) ensure preservation of the documents received in the evaluation and presentation of the report on evaluation;
5) do not disclose confidential information received from the customer in conducting the assessment, except for the cases stipulated by the legislation of Turkmenistan;
6) be a member of the Professional Association of appraisers and take part in its work. This requirement is not applied in the period prior to the State registration of the first professional association of Appraisers.
 
Article 24. The rights and duties of Executive Director evaluation 1. The performer shall have the right to: 1 evaluation) involved in the assessment to assess any object comprised in its state of appraisers;
2) to appeal to the courts against the decision of the authorized body, other State bodies related to the implementation of the assessment activities.
2. the contractor shall: 1 assessment) to provide copies on request of the customer received a license, insurance policy, as well as qualifications of appraisers that are its staff;
2) to provide timely customer assessment report and opinion on evaluation;
3) store copies of the written reports of the findings on the evaluation, contracts and other documents related to the assessment of evaluation objects within five years;
4) provide copies of reports or information related to the assessment of evaluation objects, law enforcement, judicial and other State authorities in the manner prescribed by the legislation of Turkmenistan.
 
Article 25. Restrictions on activity and independence 1 evaluator. The evaluator may not determine the value of the object of evaluation, if it is: 1) the owner of the object of the assessment;
2) founder, shareholder or officer of a juridical person of Turkmenistan, which has proprietary rights to the object of the assessment;
3) by the customer;
4) one of the spouses or other close relative (compare to the heirs by law first and second line, established by the legislation of Turkmenistan) one of the persons referred to in paragraphs 1-3 of this part;
5) directly or indirectly personally interested in the assessment or there are other circumstances giving doubts about his impartiality.
2. There shall be no interference by the customer or third parties in the activities of appraiser if it could adversely affect the credibility of the result of the evaluation of object of an estimation, including limiting the issues to be clarified or definition of the evaluation of object of an estimation.
 
Article 26. Insurance of civil liability of Executive assessment
 

1. liability of the executor is an additional condition that protects the rights of customers, and is carried out in accordance with the legislation of Turkmenistan.
2. the existence of an insurance policy is a precondition for the conclusion of the contract on evaluation.
3. liability of the executor of the evaluation may be in the form of the insurance contract to a particular type of assessment activities (depending on the object of the evaluation) or on a specific contract on evaluation of object of an estimation.
 
Article 27. Customer's rights and obligations 1. The customer has the right to: 1) to receive from the appraiser information on requirements of normative legal acts of Turkmenistan in the field of evaluation activities, as well as the approaches and the methods of evaluation;
2) familiarize themselves with the legislation of Turkmenistan in the field of evaluation activities, which are based on the assessment report, the conclusion of the evaluation report and the conclusions of the evaluator;
3) abandon valuer in case of violation of the terms and conditions of this agreement.
2. The customer is obliged: 1) create the necessary conditions to appraiser for timely and quality evaluation in accordance with the concluded agreement;
2) provide the evaluator with the documents and information necessary for the evaluation, as well as guide on demand estimator written requests on its behalf to third parties;
3) not to interfere in the work of the evaluator.
 
Chapter 6. LIABILITY FOR VIOLATION OF THIS ACT. SETTLEMENT of DISPUTES Article 28. Liability for violation of this law 1. Subjects of valuation activity, officials guilty of violating this law bear responsibility, established by the legislation of Turkmenistan.
2. The evaluator for fraudulent misrepresentation of the results of the assessment, failure to comply with the principles of valuation activity bears the responsibility established by the legislation of Turkmenistan.
3. the contractor evaluation is responsible to the customer for causing injury (harm) due to the unreliability of the estimate (compiling a faulty assessment report evaluator), disclosing State or business secrets, as well as the failure to ensure the safety and integrity of documents provided by the customer to appraiser to conduct an assessment.
4. Damages, including lost profits, caused by customer as a result of defective or improper assessment, Executive assessment shall be reimbursed in accordance with the legislation of Turkmenistan and the terms of the contract.
5. executor bears no responsibility for assessment of damages caused by the customer, or for recognized Court incorrect value of the object specified in the evaluation report on evaluation and assessment in detention if they resulted from the submission by the customer or a third party assessment of false documents and information.
 
Article 29. Settlement of disputes disputes arising between the provider and the employer assessment when performing an assessment of the Treaty and (or) the veracity of the magnitude of the market or otherwise different from the market value of the assessment referred to in the report on evaluation, as well as other disputes arising from the evaluation shall be settled in the courts.
 
Chapter 7. FINAL PROVISIONS Article 30. State tax State duty for notarial certification of transactions with real evaluation established by the Cabinet of Ministers of Turkmenistan providing no significant influence on the market or otherwise different from the market value of object of an estimation.
 
Article 31. The entry into force of this law 1. This law enters in force from January 1, 2012 year.
2. Laws and other regulatory legal acts of Turkmenistan contrary to this law shall be subject to adjustment in accordance with the present law.
 
     Turkmen President Gurbanguly Berdimuhamedov mountains. Ashgabat August 4, 2011 year no. 209-IV.