Ukraine - new procedure of registration of rights to immovable property is adopted

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On 22 June 2011, the Cabinet of Ministers of Ukraine adopted the long-awaited procedure to establish a new system of registration of rights to immovable property in Ukraine (Resolution No. 703 “On Approving the Procedure for State Registration of Rights to Real Estate and Their Encumbrances and The Procedure on Issuance of Extracts from the State Registry of Corporeal Rights to Real Estate” (the “Resolution”)). The Resolution comes into force on 01 January 2012 and was adopted as necessary subordinate legislation pursuant to Article 15 of the Law of

Ukraine “On State Registration of Corporeal Rights to Real Estate and Their Encumbrances”, passed on 01 July 2004 (the “Law”).

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Published In: Construction Updates, Commercial Real Estate Updates, Residential Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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