Borenius Legal Alert: New regulation of registration of rights to real estate

In accordance with Federal Act No. 379-FZ dated 21 December 2013 a registration authority is not authorized to assess validity of real estate transactions certified by a notary public, “Attorneys at law Borenius Russia” say in a legal alert.

A notarized real estate transaction shall be registered with the Unified State Register of Rights within five business days. These provisions entered into force on 1 February 2014.

For more information, please contact: Andrei Gusev, Managing Partner Russia Maya Petrova, Specialist Partner.

Borenius Russia is a member of FIBA Murmansk (Foreign Investors Business Association). See also the website of Borenius.