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Clifford Chance

Clifford Chance

Briefings

Russian Civil Code Reform: Spring Rolls (Russian)

14 May 2013

On 7 May, another set of amendments to the Russian Civil Code was signed into law . These amendments affect, inter alia, the general rules on transactions, the grounds on which a transaction may be challenged, and the rules governing powers of attorney. The amendments will become effective on 1 September of this year.
The main ideas behind the amendments are reconciling the relevant provisions of the Civil Code (which have remained largely unchanged since the mid-1990s) with court practice that has developed over time, filling in gaps in the law and removing obsolete rules. At the same time, some of the amendments are quite novel. 
In this briefing we discuss the principal amendments.

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