Key takeaways

• This client update provides a brief overview of the most significant Russian legal and regulatory developments affecting the real estate, construction and infrastructure sectors in the first half of 2017.
• Among the legislative developments covered are reform of self-regulation in the construction sector, prohibition on offshore companies acquiring state-owned and municipal real estate, new rules for aerodrome environs and reinstatement of notarization of real estate transactions.
• The update also covers significant judicial developments, including cases addressing the possibility of terminating a lease due to economic sanctions, the right to recovery of payment for the use of property under a lease, and compensation of investor expenses incurred in a PPP project.