Sergei Bakeshin assessed for CRE the situation on the real estate market after the lifting of the moratorium on bankruptcy
CRE magazine asked experts to assess the impact of the end of the moratorium on bankruptcy on the commercial real estate, retail, e-commerce and logistics markets. As a reminder, this economic support measure was introduced in April of this year for a period of 6 months. According to Sergei Bakeshin, Senior Associate, Head of Dispute Resolution…
21.10.2022
Sergey Tarasevich has explained to EJ-Jurist Magazine the Bank of Russia's position on certain securities and real estate transactions with residents from unfriendly countries
Specially EJ-Jurist Magazine, Sergey Tarasevich, Associate of Tax & Administrative Law practice at Maxima Legal, has analyzed the letter of the Bank of Russia dated 30.08.2022 № 010 31 4/8237. The document confirms the absence of the need to obtain permission for some transactions with securities and real estate with residents of unfriendly…
08.09.2022
Konstantin Boytsov has explained to Delovoy Peterburg the specifics of disputes involving CEIFs
The Ministry of Property Relations of the Moscow Region initiated three proceedings in the Commercial Court of St Petersburg and the Leningrad Region against Svinin & Partners Management Company in order to recover payment for changing the type of permitted use of land plots. In all three cases the St Petersburg-based company acted in the…
07.09.2022
Konstantin Boytsov has commented for Pravo.ru on measures to simplify registration of unfinished real estate implemented by Rosreestr
A federal register of unfinished construction projects will appear in Russia in the near future. The register will include real estate that was built or reconstructed at the expense of the Russian Federation`s budget. It should be noted that the ability to maintain their own registers will also be available for regions of the country. In…
23.08.2022
Sergei Bakeshin has estimated for Novy Prospect the chances of invalidating the sale of a land plot on Krestovsky Island to Alexander Shestakov
Alfa Faberge, a construction company, which sold a land plot for the construction of a luxury house on Krestovsky Island to billionaire Alexander Shestakov, is seeking to have the deal ruled invalid. The developer cites the entrepreneur's breach of agreements, according to which Alfa Faberge was to remain in the project in the role of a…
11.08.2022
Natalia Demina commented for Forbes on the UK's introduction of a new Register of Overseas Entities
The UK has launched a Register of Overseas Entities, under which all foreign companies owning property in the country are required to disclose their real owners by 31 January 2023. The real beneficiaries are defined as those who own at least 25% of the shares in the legal entity that owns the property. The register was introduced under the new…
01.08.2022
Dmitriy Uryakin commented to Novy Prospect on the restriction of access to personal data of the property owner in the Unified State Register of Real Estate
The State Duma in its third and final hearing adopted amendments to the law "On State Registration of Real Estate" which introduce a ban on the release of data from the Unified State Register of Real Estate with the personal data of the owner. Now the data on the object and its owner is available to anyone, from March 1, 2023 this information can…
27.07.2022
Konstantin Boytsov told CRE about the challenges of terminating rental contracts
At the end of June 2022, Russian President Vladimir Putin signed a law giving owners of retail facilities the right to demand full rents from companies that have suspended operations or are withdrawing from the Russian market or to unilaterally terminate their contracts without penalties. In the autumn the Russian State Duma may also pass a law…
20.07.2022
Sergei Bakeshin has outlined to Delovoy Peterburg the prospects of challenging the results of the expert review of the increase in the cost of state contracts
Last year, the Russian government allowed the cost of state contracts already awarded to be increased by up to 30% of the original estimate due to the rising cost of construction materials. In addition, the possibility was separately established to recalculate the contract estimate for work completed and accepted by the customer in 2021. Thanks to…
18.07.2022
Sergei Bakeshin has assessed for Kommersant and RBC the impact of interim measures against the investor on the listed building
Commercial court of St Petersburg and Leningrad Region forbade the winning bidder for the Konyushennoye Vedomstvo building to reconstruct the building. Interim measures were imposed on an application by a company seeking a review of the results of the auction to lease the listed building to the investor. The plaintiff insists that starting…
18.07.2022