The Government of the Russian Federation has approved a draft law defining the limitation periods for disputes on the privatization of state and municipal property. This is reported on the website of the Ministry of Economic Development.
It is established that in disputes on privatization, the limitation periods established by the Civil Code and the rules for calculating them are subject to application: 3 years from the moment the violation is detected. In any case, the limitation period may not exceed 10 years from the date of disposal of the property.
At the same time, the provisions of the draft law do not affect the processes of seizure of property in anti-corruption and anti-extremist lawsuits.
Currently, judicial practice has developed in such a way that the statute of limitations does not apply to the seizure of property privatized 15-30 years ago. This puts significant pressure on the behavior of investors, as it creates uncertainty about the criteria for the legality of the acquired property, the Ministry of Economic Development emphasizes.
In the early 1990s, more than 110,000 state-owned enterprises were privatized, of which 80,000 were small and medium–sized companies operating in the field of trade, catering or services, the ministry cites statistics.
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