Russia - October 31 2011 On 30 September 2011, the Government of the Russian Federation issued a decree on approving the rules on the temporary shutdown (konservatsiya) of capital construction projects.
Russia - August 31 2011 On 11 July 2011, the Supreme Arbitration Court of the Russian Federation (the "SAC") issued a decree on agreements concluded on real estate to be developed or acquired at a future date.
Russia - June 30 2011 On 26 May 2011, the Constitutional Court of the Russian Federation (the "Constitutional Court") ruled that provisions permitting arbitration tribunals to hear civil cases in respect of immovable property, including mortgage-related cases, do not contradict the Constitution of the Russian Federation.
Russia - March 31 2011 Draft Law No. 417505-4, intended to impose material liability on an owner or another legal possessor of a building for harm caused to a third party as a result of destruction or damage to a building, was introduced in the State Duma on 22 February 2011.