The last year was memorable in terms of construction law as on 16 November 2022, the Presidium of the Supreme Court approved the Case Law Overview Regarding Unauthorised Construction.
The Association of European Businesses (AEB) presents its latest edition of Real Estate Monitor, which is focused on the research of the Moscow and St. Petersburg real estate sectors in the segments of: retail, office, warehouse, hotel and residential real estate for the first half of 2022. This edition contains an article “Top 5 Real Estate Legislation Amendments” prepared by Anton Alekseev, Counsel, Real Estate And Construction Practice at EPAM and Deputy Chairman of the AEB Real Estate Committee.
Federal law No. 218-FL “On the State Registration of Real Estate” dated 13 July 2015 unifies the currently existing State Real Estate Cadaster (GKN) and Unified Register of Rights to Real Estate and Transactions Therewith (EGRP) into one Unified State Register of Real Estate (EGRN). The law entails the enactment of more than 30 regulations which will enter into force in 2017. Although Law No. 218-FL in many ways continues and combines the approaches of the previous legislation and judicial practice, both the authorities, courts, developers and holders of real estate will need some time to get used to the new provisions.
Construction 2017 published by the Getting the Deal Through provides expert local insight into the field of construction law in different jurisdictions worldwide, covering such areas as: joint ventures, foreign penetration of the local market and licensing procedures, labour requirements, local labour law and health and safety regulation, construction contracts, insurance, contracting with government entities, bribery and foreign corruption, force majeure and acts of God, dispute resolution mechanisms, international environmental law, international bilateral treaties and currency controls.
European and US investors may have a substantial advantage when buying apartments in the centre of St. Petersburg. The development comes as the result of favourable RUB/EUR/USD exchange rates and the benefits provided by the city administration for investors and people living in communal apartments.
Elena Gavrilina, Yuri Savvin and Anton Alekseev became the authors of Construction 2016 Russia chapter.
EPAM has made a number of promotions in its Moscow office. Real estate and construction lawyer Elena Gavrilina has been made partner, litigators Alexander Vaneev and Vera Rikhterman have become counsel and competition lawyer Elena Kazak is promoted to senior associate.
Anton Alekseev on the Supreme Arbitrazh Court’s position is that a foreign purchaser of Russian real estate will have to disclose information on beneficiaries in the case of court disputes to prove good faith and to prevent the seizure of property.
The authorities are developing new urban planning regulations within the Boulevard Ring, according to which the volume of construction will be limited. The "surgical cutting" may well reach 200,000 sq.m.
On weekends, holidays and the days of major cultural events, Moscow's center may be announced as a car- free zone. The authorities promise to account for all the consequences of the restrictions for thecapital's transport system and to organize additional parking spaces in locations where the blockages are set up. However, how will the new measure affect retailers located on the central streets?