Showing posts with label flat. Show all posts
Showing posts with label flat. Show all posts

Wednesday 8 March 2017

Common property in household communities

Couple of months ago, in November 2016, the Constitutional Court of Russia issued a decision on a controversial topic of legal regime of property which is due to serve to different households (such as roads or water pipelines) in ‘summer cottage’ communities (Russian text is availably here). Unfortunately, the Court skirted the main problem, answering the questions formally and avoiding delving into the essence of the relationships in question. So, what was it all about?

Wednesday 22 February 2017

Currency fall is not hardship is Russia

Several days ago the Supreme Court of Russia issues its first quarterly review of its most important decisions, which had been made recently (Russian text is available on the official web site). The eighth judgment was about whether a plummeting fall of Russian currency because of Crimea crisis could be considered as hardship and thus led to conversion of a loan contract. The Court unsurprisingly gave a negative answer, confirming general reluctance to use ‘rebus sic stantibus’ doctrine. However some remarks in the ruling seem to leave a door open to use this clause as a ground for contract modification…

Friday 27 January 2017

A landmark decision on real property

Few days ago The Supreme Court of Russia made a remarkable decision on real estate, concerning some issues of what is block of flats as an object and how the right on a plot of land beneath it depend on the right on a flat (Russian text is available here).