Today, Vladimir Putin signed amendments to the law on joint construction. The decree appeared on the website of the president. The main change concerns the cash transfer procedures from the actual interest holder to the developer. Directly receive the money will not last as long house It will not be put into operation. For each co-investors will form a special account, which the developer can dispose of only after the completion of the houses and its delivery.
In turn, the developer, so as not to be in a long time to open in the same bank line of credit, and when the transaction takes place, will be able to repay credit. Such a scheme will help eliminate the options of cash appropriation of shareholders, while maintaining safeguards on both sides.
Meanwhile, until now the jurisprudence has not often on the side of the deceived investors. Judges often at its discretion reduce the percentage of the penalty provided for by federal law FZ 214 hundred times. Thus, recourse to the courts has become meaningless. The new amendments will protect the shareholders at the stage of funds transfer.
