Amendments in civil legislation
On June 1, 2018 amendments in civil legislation enter into force. We would like to draw your attention to the overview of key amendments: A lot of innovations are related to assignments of rights in action. Now, it will be possible to prohibit assignment of right in action only for the non-monetary obligation. Besides, right in action assignment companies can now limit previous creditor’s liability for the claim invalidity before a new creditor. Big changes are also in loan agreements. It will be possible to transfer securities according to loan agreement. If loan agreement will not contain information about percent for loan use, it will be equal with Bank of Russia key rate. However, if an agreement contains too high percent, it can be downsized by the court. Besides, there are other amendments. For example, there will be a new type of bank accounts. It can be used by courts and notaries for money depositing.