2019 was full of events in the legislative and enforcement spheres. Novation has affected particularly the scope of international private law.
Ekaterina Pazemova
Ekaterina Pazemova
Master of International Private Law
Legal and Tax Advisor
Saint-Gobain Group
Redomiciliation, being relatively undeveloped on a global scale, at the same time represents an actual topic that has been developed under private international law practice and doctrine.
Under constant development of economics and modern business relations it became urgent to introduce new legal constructions into Russian legislature (which includes the constructions of option contract). Worldwide practice shows that this type of contracts has been constantly used both in business and private life.
Dynamic business development amid active globalization forces entrepreneurs and modern market players to pay attention to institutions of law used in international practice, including in common law systems. Trust institution is one of such institutions.