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Lawyers of the company, specializing in land law and real estate transactions, organized and carried out a transaction of the sale of agricultural land plots belonging to the property comprising a closed-end mutual fund (CEMF).
DATE: July 8, 2013 | AUTHOR: atlawyers
The specifics of the transaction was the fact that the transactions with property constituting mutual funds require the consent of a specialized depositary, whose role includes accounting of the fund property and check of all transactions therewith in order to protect the interests of investors.
Due to the fact that the land belonged to the category of agricultural land, the company’s lawyers organized obtaining of required by law consent of the subject of the Russian Federation to sell them to the client, as well as provided advice on how they can be used in compliance with their assigned legal restrictions.