Garant. Daily monitoring of the Federal legislation от 17 июня 2024
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Dear colleagues, this Newsletter to be sent once a week on Fridays in order to keep you informed of the most significant legal developments in the Russian legislation and to assist you in navigating within the ever-increasing information traffic. Visit our website and enjoy some privileges:
News of the week The President instructed the RF Government to establish a special procedure for compensation for damage caused to the Russian Federation or the Central Bank of the Russian Federation in the event of unjustified deprivation of Russian property rightholders by decision of the US authorities. In accordance with this procedure, the Russian rightholder has the right to apply to court (in compliance with Russian rules of jurisdiction) with an application to establish the fact of unjustified deprivation of his/her rights to property and compensation for damage. The court shall request a list of American property that can be used to compensate for damages from the Government Commission for Control of Foreign Investments in the Russian Federation. This may be US persons' or the United States' movable and immovable property located in the territory of the Russian Federation, or securities owned by them, or shares in Russian companies, or property rights.
By court decision, rights to American property shall be terminated, and it shall be transferred to the Russian rightholder in order to compensate for damage. ! Documents' full texts are avaiable in the commercial version of the Garant database «Legislation of Russia in English» More helpful information In a new video, we would like to come across with some helpful information on the extraordinary features of the GARANT's Legislation of Russia in English, ensuring the most convenient document management. Video duration — one and a half minutes. Important documents of the week that you might have missed
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