Mortgage or transfer into the authorized capital, purchase or sale, transfer or acquisition of leasehold constitute an integral part of economic relations. Agreements relating to real property require a guaranteed check of documents proving the title or leasehold. The legislation has established special rules for deals with real property, and non-compliance with such rules may result in declaring an agreement void or invalid. Rules for documentation flow related to real property (mandatory certification of an agreement, registration of title and/or encumbrances) assume the availability of special knowledge and experience in organizing support for such agreements. All these circumstances make real property deals such as running increased risks and requiring legal support.
Our practice in lease of state and municipal property relates mainly to the period of work of firm’s partners in the State Property Fund. About 40,000 properties were sold to private buyers in the process of small privatization within just two years in the mid-90s. The work in the legal department of the Fund included not only direct involvement in privatization of particular property, but also required the development of regulations and recommendations for application of the legislation for regional privatization authorities.
A huge number of unfinished construction projects inherited after the collapse of the Soviet Union as well as the specificity of such projects associated with land and the need for investment in the construction required developing a special law on privatization adopted in 2000. Such experience on our lawyers allows us to support the respective processes for our clients with maximum efficiency and to consult them on all the related issues.