Clifford Chance
Russian Civil Code Reform Continues: Episode 3 (English)
24 July 2013
On 3 July 2013 further amendments to the Russian Civil Code were officially published (the "Amendments"). This is the third set of amendments enacted under the current programme of ongoing reform of Russia's civil legislation. The Amendments primarily affect provisions of the Civil Code dealing with securities. Although substantial in number, many of the Amendments are not entirely novel, but codify case law and existing business practices or reconcile general provisions of the Civil Code with those of specialised laws. That said, some of the Amendments do change the current rules.
This briefing touches upon the Amendments that appear to be the most important from a practical perspective.
