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10 December 2004 |
Private seminar on land issues was held for Sistema Finance CorporationIn December 2004, the Vegas-Lex law firm held a private seminar for the directors of the legal departments of companies that are subdivisions and partners of Sistema Finance Corporation. The topic of the seminar was "The Land Issue in Moscow and the Regions: Legal Technologies and Successful Experience". Attorneys from the Firm who specialize in this area made presentations on issues involving allocation of land for construction, proposed approaches to handling these issues, and discussed problems associated with the separation of title to the land and the buildings. There was a thorough discussion of the issue of whether it is better to lease or purchase the land. Various elements of the issue, including the complex process of leasing or purchasing land, protections against unilateral rent increases, and methods to fight denials of land purchases, were covered in great detail. |
