Examples of LUR in a sentence
Once objections (if any) are resolved, the court renders a judgment that the rights on the L.U.R. are abandoned with the exception of those allowed as a result of a successful objection.
During the verification of sampled exporting producers, the Commission obtained some notices issued by relevant authorities concerning LUR available for transfer.
As a result the Commission was unable to verify the information concerning the LUR transactions of sampled exporting producers.
The situation concerning land in the PRC is also discussed in the IMF Working Paper which confirms that the provision of LUR to Chinese industries does not respect market conditions84.
During the verification the Commission requested from the GOC evidence to support its claims concerning the transfers of LUR in China is assigned through bidding, quotation or auction.
The information provided by the GOC in respect of LUR transactions as requested in the questionnaire was incomplete.
The above evidence contradicts the claims of the GOC that the prices paid for LUR in the PRC are representative of the market price which is determined by free market supply and demand and that LUR transfer shall not include restrictions in the announcement of transfer through tendering, auction and quotation that affect fair competition.
The Commission does not agree with this claim and in any event the GOC did not provide any information for the "non-favoured" industries LUR prices which could, in theory, be used for the benchmark construction.
The GOC also claimed that the LUR transfer shall not include restrictions inthe announcement of transfer through tendering, auction and quotation that affect fair competition.
The Commission found that out of the 13 LUR transactions only 6 were to be subject to bidding or auction process.