INFRALEX Real Estate Practice Advisor, Anastasia Draskova commented on the Advocate Newspaper amendments to the Law on State Registration of Real Estate.
Anastasia Draskova, INFRALEX Real Estate Practice Advisor, considers the amendments to the Law on State Registration of Real Estate, approved by the Federation Council on July 26, as “very useful changes”. Bill No. 955220-6i significantly changes the rules on obtaining state compensation for loss by a bona fide purchaser of housing.
Despite the fact that, according to the expert, it is difficult to predict how the new mechanism will work, the amendments are "a big step towards citizens."
“At the moment, the courts have already set a very high standard of proof of good faith, and if the financial interest of the state is taken into account in this process, the situation may worsen”