Amendments to Parts One and Three of the Civil Code of the Russian Federation. Newsletter
04.09.2013, Dmitri A. Lubomudrov, Anastasia G. Yakovleva
On May 7, 2013 the President of the Russian Federation signed the Federal Law “On Amendments to subsections 4 and 5, Section I of Part One and Article 1153 of Part Three of the Civil Code of the Russian Federation” (“Law”) adopted by the State Duma of the Federal Assembly on April 24, 2013 and approved by the Federation Council of the Federal Council on April 27, 2013. The Law amends the Civil Code provisions relating to consummation of transactions, invalidity of transactions, representation of parties to civil-law relations, and statutes of limitation. Most of the amendments are effective as of September 1, 2013. The newsletter discusses key changes to the Civil Code introduced by the Law.