This is an update of our alert dated 5 December 2012. Since our prior alert, there have been certain legislation changes addressed below.
The public unified register of pledges of movable property (the Register) was...more
1. Concept of a security trustee (security manager).
Given that the English-law concept of a 'trust' is not recognized by the Russian legal system, currently, under Russian law, only a creditor can hold the security...more
This law alert relates to the changes made in the Russian securities law by Federal Law No. 210-FZ dated July 23, 2013 (On Amendments to the Federal Law on the Securities Market and to Certain Russian Laws and Regulations). ...more
In This Presentation:
1. Why were changes needed?
2. How are things changing?
3. The process of change
4. Amendments in place now
5. What is still to change?
- 2nd Draft Amendment
- 3rd Draft...more
Federal Law No. 166 dated 2 October 2012 (the “Law”) amends the existing Law on Pledge and laws on public notaries. On 10 January 2014 a Unified notary information system comes into effect that shall include a Register for...more