A draft new edition of the Civil Code has been submitted to the
project discussion portal. The new edition will come into force
from January 1, 2022.
The amendments of the Civil Code are aimed at improving the
investment climate and ensuring stable property relations in the
economy, creating a legislative basis for the use of information
and communication technologies in civil legal relations, the
creation of favourable conditions for self-employment and
entrepreneurial activity, the liberalization of contractual
relations and their compliance with international standards and the
strengthening of legal protection of individuals and entities.
In accordance with the new draft of the Civil Code, there will
be included concepts such as “option”, “corporate
contract”, “conditional deposit (escrow)”,
“distribution agreement”, “agency”,
“digital rights”, “development rights
(superficial)”, “rights of personal use and possession
(usufruct)” and others.
