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The Russian Supreme Commercial Court Establishes New Rules for the Interpretation of the Contractual Terms

Written by Vladimir Komarov on .

 

 

Anastasiya Rusinova Partner, Head of PPP and Investments 

On March 14, 2014 the Supreme Commercial Court of the Russian Federation (the SCS) rendered a Resolution N16 "On the Freedom of Contract and Its Limits" (the Resolution) - a game-changing guideline for the lower courts, opening the door for a new unformalistic approach to the application and interpretation of the contract law provisions.