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. Last Updated: 07/27/2016

RECENT LEGISLATION:




Amendments to the Constitution. Federal Law No. 33-FZ of March 4, 1998 "On the Procedure for Adoption and Coming into Force of the Amendments to the Constitution of the Russian Federation." The law is limited to changes to Chapters 3-8 of the Constitution of the Russian Federation (chapters establishing federal structure and structure of bodies of state power and local self-government). The law requires that a proposed amendment be made in the form of a draft law of the Russian Federation and be submitted to the State Duma of the Federal Assembly by a subject authorized by the constitution to do so. The committee of the State Duma that is authorized to deal with constitutional law questions reviews the draft. The draft must be either returned to the initiator or recommended for consideration by the State Duma. The State Duma considers the draft in three readings. The draft is considered to be approved if not less than two thirds of all deputies approve it at the third reading. Within five days from such approval the draft has to be send to the supreme chamber of the parliament -- the Federation Council. The draft is considered to be approved by the Federation Council if three-fourths of the deputies approve it. Within five days from such approval the draft has to be sent to the parliaments of the subjects of the Russian Federation, which have a one-year period to consider the draft. The results of such consideration may be appealed by the president to the Supreme Court of the Russian Federation. The law requires that the draft must be signed and officially published and the text of the amendment must be incorporated into the constitution.


Registering Property Sales. Resolution of the Russian Federation No. 219 of Feb. 18, 1998 "On the Approval of the Rules for Keeping of Uniform State Register of Real Estate Property Rights and Transactions" with attached rules. The rules require that the register must be kept by the respective state property rights registration office responsible for the area where the real estate is located. The purpose of the register is to establish a unified system for recording any activity related to real property rights and transactions including encumbrances. The rules establish the requirements for a "Certificate on the State Registration of Real Estate Rights." The Ministry of Justice of the Russian Federation is responsible for the implementation of the rules.


Registering Property Sales, Part II. Resolution of the Government of the Russian Federation No. 288 of March 6, 1998 "On the Approval of a Model Regulation on the Judicial Real Estate Titles Registry" with the attached regulation. This regulation requires that one judicial real estate titles registry be responsible for supervision of the registration of property rights (and encumbrances) and that regional offices be set-up to record such matters. The regulation further establishes the tasks and functions of the regional registries, their rights, duties and responsibilities. The regulation defines that the registration of real estate rights and transactions with it should be performed by duly authorized registration agents and establishes the parameters for qualifying such agents.


Source: White & Case