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Top 10 Legal Developments in the Real Estate Market in 2020
29 January 2021
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International law firm “Debevoise & Plimpton LLP” presents an overview of the most significant developments of 2020 in Russian real estate, construction and infrastructure sectors.
In 2020, a list of government support measures for investments was extended (Investment Protection and Promotion Agreements); it was determined, which types of works may be done before obtaining a construction permit; 30% of construction norms and regulations were declared non-mandatory; and rules for BIM modeling in construction were adopted.
Courts have issued decisions regarding important real estate problems, including failure of the tenant to move in the leased premises; transfer of guarantee obligations for work performed by initial contractor to a new contractor; and ownership of materials and equipment purchased by the contractor for performance of works under construction agreement.
Moreover, at the moment, changes in legislation on state registration of real estate and on aerodrome environs are being elaborated. A number of changes are also planned in line with implementation of the construction digitalization plan (BIM-modeling).
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