Summary of Key Changes to the Russian Civil Code

September 25, 2013

The Russian Civil Code (the “Civil Code”), one of the fundamental laws underlying most Russian legislation, is now undergoing a number of important changes that will likely affect all companies doing business in Russia. Due to the number and complexity of the amendments, it was decided to introduce them gradually. The majority of changes introduced by the first set of amendments came into effect on 1 March 2013, the second set entered into force on 1 September 2013 and the third set will be effective from 1 October 2013.

The amendments will only apply to rights and obligations that arise after the amendments come into force.

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