Reform Highlights, Trends and Developments in Real Estate and Construction in Russia
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Key takeaways:
- The international law firm Debevoise & Plimpton LLP presents a brief overview of the key recent changes and trends in the development of legislation and court practice in the real estate and construction sectors in Russia.
- There is a continuing trend of further development of regulation of real estate, public-private partnership and construction, including efforts to optimize and simplify various administrative procedures and actions, including registration formalities, connection to the utility networks, accessibility of information regarding infrastructure.
- The Russian Supreme Court recently considered several important disputes for the real estate market, e.g. relating to the superficies solo credit principle (the building shall belong to the titleholder of the land) within the sale of premises in a building; reliability of the register of immovable property, and other matters discussed in this update.