02.11.08

Article 169 of Russia's Civil Code gives the government the power to reverse "antisocial transactions" (defined as "transactions conducted with predetermined purposes contrary to the fundamental principles of the legal system or moral standards"). This presents many difficult questions for businesses and law enforcement. A recent case heard by the Supreme Arbitration Court, however, provides greater clarity to how this law will be applied.

Alinga presents a detailed review of the ruling on the Russian-language version of its site. Some of the issues covered include the definition of antisocial transactions, legal consequences and certain aspects of legal support in court cases related to antisocial transactions.

Read the full article in Russian

Email the Russian article to your accountants and legal council

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