Supreme Court clarifies key aspects of Russian contract law
The Plenum of the Supreme Court of the Russian Federation adopted the Resolution* “On some issues of the application of the general provisions of the Civil Code of the Russian Federation on the conclusion and interpretation of contracts”.
The Resolution deals with problematic issues related to the enforcement of representations and warranties, as well as the conclusion and interpretation of general and specific contracts (i.e. public, framework, preliminary and subscriber contracts).
Many of the legal positions expressed in the Resolution have already been stated in previous resolutions of the Supreme Court and the Supreme Commercial Court of the Russian Federation. The Resolution, however, is valuable because it categorises the most important explanations in the field of contract law. Addressed to commercial courts and courts of general jurisdiction, the Resolution should contribute to uniform court practice both in cases involving legal entities and individuals.
Quelle: CMS Russia