Clifford Chance
Amendments to the Russian Civil Code: Lower Chamber of the Russian Parliament Adopts First Set of Amendments in the Final Reading (English)
20 December 2012
On 18 December 2012, the State Duma (the lower chamber of the Russian parliament) adopted in the final, third, reading the first set of amendments to the Civil Code of the Russian Federation.
The adopted amendments represent only a small part of the amendments initially envisaged by the presidential Bill and affect only a few of the Civil Code provisions. The amendments mainly concern some basic principles of civil law, the limits to the exercise of civil rights, principles of state registration of rights to certain types of property (including the principle of compensation for losses incurred as a result of wrongful acts of state authorities responsible for registration of property rights) and the status of individuals and private (peasant) farms.
The second set of amendments (to chapter 4 of the Civil Code which regulates the status of legal entities) is scheduled to have its second hearing in the State Duma at the beginning of 2013. The timetable for the rest of the amendments to the Civil Code to pass through the Russian Parliament is still unknown.
