On 30 September 2013, the President signed Federal Law No. 260-FZ amending Part III of the Civil Code of the Russian Federation.
The Law is the sixth set of amendments to the Russian Civil Code within the civil law reform framework. According to the Concept of Evolution of Civil Legislation, the aim of the amendments is to remove the legislative uncertainties and legal gaps when it comes to regulating relations involving a foreign element regarding (i) the European experience of harmonizing private international law provisions; (ii) amendments made to other sections of the Russian Civil Code and (iii) prevalent court practice.
In this alert we cover main points of this Law.
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