Amendments To The Russian Civil Code Come Into Effect Starting From 1 September 2013

03.09.2013

Legal Update No. 436, 3 September 2013

Please be reminded that part of the second package of amendments to the Russian Civil Code (Federal law No. 100-fz dated 7 May 2013) comes into effect starting from 1 September 2013.

The amendments affect the provisions on approval and invalidity of transactions, as well as on powers of attorney and statutes of limitations. New chapter 9.1 contains general provisions concerning decisions of meetings.

Most of the amendments come into effect on 1 September 2013.

Below, we offer for your perusal a short overview of the key changes.

Contents:

  • Transaction approval
  • Legally significant communications
  • Transaction invalidity
  • Decisions of meetings
  • Representation
  • Power of attorney
  • Statute of limitations

To download the issue please follow the link.

If you have any question or would like more detailed information, please contact: Anton Sitnikov, Partner, Head of Corporate / M&A Practice, Goltsblat BLP: +7 495 287 44 44, Anton.Sitnikov@gblplaw.com; or Nikolay Voznesenskiy, Partner, Head of Competition Practice, Goltsblat BLP: +7 495 287 44 44, Nikolay.Voznesenskiy@gblplaw.com; or Vladislav Vdovin, Senior Associate, Commercial Practice, Goltsblat BLP: +7 495 287 44 44, Vladislav.Vdovin@gblplaw.com; or Vera Gorbacheva, Senior Associate, Corporate / M&A Practice, Goltsblat BLP: +7 495 287 44 44, Vera.Gorbacheva@gblplaw.com.

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