This book is the first of its kind in Russian legal literature. Written by distinguished practitioners and providing an overview of Russian real estate law in the English language, this book examines the opportunities and challenges players encounter in Russia`s real estate market, which has been dramatically reshaped by the recent global financial turmoil. In 11 chapters the authors address all relevant legal aspects of transactions in the real estate arena, including property issues, development and construction, traditional financing structures and post-crisis trends, civil and corporate law aspects, tax and currency control regimes, merger control and insolvency procedures, as well as specific due diligence issues and the significant role of the state. Rather than summarizing applicable laws on a theoretical level, the book focuses on the aspects of greatest relevance in the current practice, particularly where transactions involve foreign financing, offshore holding structures or other cross-border elements.
The authors are four partners and counsel from the real estate, corporate, banking and tax practices of the Moscow office of Clifford Chance, a leading international law firm that in 2011 celebrates its 20th year of operations in Russia. In-house counsel, managers, businesspeople, lawyers in private practice and students will, we hope, find this book to be especially useful.