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The law will implement the 2010 Nagoya Protocol, which complements the international Convention on Biological Diversity and aims to guarantee a greater control of the states rich in biodiversity, and their indigenous populations, over how their biodiversity resources are used and an equitable sharing of the benefits.
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However, he worries about how the law will be implemented and enforced.
"Managed care stocks are valued as if the law will be implemented as written," McDonald wrote in a May 21 report for investors.
Virginia's Department of Agriculture and Consumer Services (VDACS), the state agency charged with enforcing S.B. 1381 when it becomes law in July, hasn't yet issued regulations to guide how the law will be implemented.
The main provisions of the law will not be implemented until 2014.
However the law will not be implemented until legal proceedings, brought by the Scotch Whisky Association, are complete.
The law will likely be implemented, as it only requires a parliamentary majority to pass.
Key stakeholders, who were interviewed, indicated that the Law will be difficult to implement as long as the coordination of central, regional and local structures is not clarified.
The IOC has already sought assurances from the Russian government over how the laws will be implemented during the Sochi Games, amid widespread concern.
The law will also be expensive to implement, with additional costs of training, detention, and prosecution.
The PREA has faced resistance from some corrections officials who say the law will be too expensive to implement.
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