The mechanism of a personal fund as a form of asset management was introduced in Russia by law in 2022. The founder's property (real estate, securities, shares in organisations, etc.) with a total value of at least RUB 100 m is transferred to the personal fund by right of ownership. At the same time, the data on the founder, assets and…
Specially for the Legal Information Agency, Sergey Nikitenko, Associate of the Private Wealth practice at Maxima Legal, told whether a flat can be pledged as collateral for a loan between private individuals and how such an encumbrance is removed:
‘The legislation does not prohibit loans between individuals, including loans secured by real estate.…
23.12.2024
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