Media & Resources
The RF Supreme Court Presidium has issued guidance on application of statutory provisions on contractual liability.
DATE: March 28, 2016 | AUTHOR: atlawyers
The RF Supreme Court Presidium has issued guidance on application of statutory provisions on contractual liability. The Ruling clarifies application of the RF Civil Code general provisions on contractual liability and reimbursement of damages, interest on arrears, penalty and their reduction by court. The Ruling also clarifies recently application of enacted statutory provisions allowing courts to set a discretionary fine for compliance with a specific performance judgement. The guidance also covers damages for breach of warranty and pre-contractual liability issues.