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Our work is driven by enthusiasm, inspiration
and a personal touch in all we do.

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International standards with
local appliance

While aspiring to European standards
and innovative approaches to legal practice,
we are essentially a Russian law firm and know
how to apply the best international legal
practices in local conditions.

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Working with clients all
around the world

Our local expertise as a national law firm
and the global experience of our extensive
network of international partners mean we
are able to work with clients not only in Russia,
but also in Europe, North and South America,
Asia, Africa and Australia. This gives us
a unique opportunity to adopt the best Russian
and international practices in projects all over
the world.

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Identifying unique
characteristics in every
business

We devote a great deal of attention to the
distinctive characteristics and unique
features of each business and each project,
providing individually tailored and smart
solutions to meet all the client’s requirements
and expectations.

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civil standpoint

We feel responsible for those around
us and the world in which we live – we
provide charitable aid, work with
educational institutions and render pro bono
services. We maintain an active civil
standpoint and support the principles of
environmental and labor protection.

Law with a personal touch

Our work is driven by enthusiasm, inspiration
and a personal touch in all we do.

Old russian church between two modern skyscrapers. May be used as contrasts concept.

International standards with
local appliance

While aspiring to European standards
and innovative approaches to legal practice,
we are essentially a Russian law firm and know
how to apply the best international legal
practices in local conditions.

traffic sign standing on the skyline

Working with clients all
around the world

Our local expertise as a national law firm
and the global experience of our extensive
network of international partners mean we
are able to work with clients not only in Russia,
but also in Europe, North and South America,
Asia, Africa and Australia. This gives us
a unique opportunity to adopt the best Russian
and international practices in projects all over
the world.

Colorful shoal of fish over massive coral reef, Caribbean sea

Identifying unique
characteristics in every
business

We devote a great deal of attention to the
distinctive characteristics and unique
features of each business and each project,
providing individually tailored and smart
solutions to meet all the client’s requirements
and expectations.

Social responsibility and
civil standpoint

We feel responsible for those around
us and the world in which we live – we
provide charitable aid, work with
educational institutions and render pro bono
services. We maintain an active civil
standpoint and support the principles of
environmental and labor protection.

Konstantin Boytsov has explained to RBC+ recent legislative changes in the residential market

19.09.2019

|By maximapublisher

Konstantin Boytsov - Counsel

For RBC +, the Head of Real Estate and Construction practice at Maxima Legal, Konstantin Boytsov, explained key legislative changes regarding residential properties.

Only now in official documents a definition of apartments included in real estate. Previously, it was customary to call apartments non-residential premises, positioned as suitable for living. Legislative regulation went along with classifying apartments as types of hotels and defined them as “hotel rooms with a total area of at least 40m squared, consisting of two or more rooms with a kitchenette.” In addition, the document obliged the apartments to undergo mandatory classification with the assignment of a category – from “no stars” to “5 stars”. Leasing apartments without a certificate and advertising such activities can result in administrative liability, warns Konstantin Boytsov. Fines range from 30,000 roubles to 4% of annual revenue, in case of repeated violation, suspension of activity is also possible.

Another legislative amendment from 1 July 2019 included making apartments subject to rules on shared construction. Until July 1, developers could sell apartments without regard to the law. “Sales could be carried out before obtaining a building permit, the contract for the purchase of apartments was not subject to registration should not contain the mandatory conditions stipulated in federal law. As a result, there was no state control over the developer, and in the event of insolvency of the developer, the purchaser of non-residential premises became a lender with other ordinary creditors of the debtor”, Konstantin Boytsov explained. The rules for protecting equity holders and the use of escrow accounts now apply to the purchase of apartments. Developers need to conduct construction on credit funds in the framework of project financing.

To read the article in full (in Russian), please see RBC+ Petersburg issue No. 4 (18) September – November 2019 or RBC+’s website >>>