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18:50 Nov 10, 2010 |
Russian to English translations [PRO] Bus/Financial - Law: Contract(s) / construction | |||||||
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| Selected response from: Angela Greenfield United States Local time: 10:30 | ||||||
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Summary of answers provided | ||||
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3 +2 | Novation Agreement in Respect of the Shared Construction Contract |
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3 | Assignment of agreement to participate in construction |
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Discussion entries: 1 | |
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Assignment of agreement to participate in construction Explanation: Apparently Company A agreed to perform part of a construction project and, for whatever reason, they would now prefer not to. Hence, Company B is taking on the obligations under that contract and the piece of paper you have explains the nuts and bolts of how that happens. |
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Novation Agreement in Respect of the Shared Construction Contract Explanation: Где-то так. http://contracts.onecle.com/type/196.shtml http://contracts.onecle.com/melco/hard-rock-novation-2008-08... NOVATION AGREEMENT in respect of Hotel Trademark License Agreement Wells International RE II is party to a shared construction agreement with an unrelated third party for the development of a nine-story office tower in Moscow, Russia http://www.google.com/url?sa=t&source=web&cd=11&ved=0CBgQFjA... -------------------------------------------------- Note added at 1 hr (2010-11-10 20:05:31 GMT) -------------------------------------------------- 07.06.2010 Kommersant p. 12 Draft law on protecting the rights of participants in shared construction projects The RF State Duma has reportedly accepted the third reading of a draft law aimed at protecting the rights of participants in shared construction projects (see our report of 05/13/2010). According to the draft, developers may only sell dwellings in new buildings under shared construction contracts. In the event of violating these rules, legal entities will have to pay fines of RUB 500,000-1 million. Apart from the above, the law states that developers working on a shared construction contract will be exempt from paying VAT. http://www.deloitte.com/assets/Dcom-Russia/Local Assets/Docu... -------------------------------------------------- Note added at 5 days (2010-11-16 02:18:56 GMT) Post-grading -------------------------------------------------- Thank you! |
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