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ERIC Number: EJ1119064
Record Type: Journal
Publication Date: 2016
Pages: 12
Abstractor: As Provided
ISSN: EISSN-1306-3065
Unfair "Housing Regulation of Major Construction" in the Russian Federation
Goncharov, Alexander I.; Inshakova, Agnessa O.; Kazachenok, Olesya P.; Dikarev, Ilya S.
International Journal of Environmental and Science Education, v11 n17 p9741-9752 2016
This research analyzes the illegal and unreasonable practice of court rulings that aim to accelerate the major construction of problematic long-delayed apartment blocks in the Russian Federation. The authors express their critical attitude to the widespread wrongful approach that violates the laws in effect and allows courts to apply branch-specific legal regulation to public relations, which should be regulated by different laws. The authors support the supremacy of law over the administrative and economic expedience, which often prevails in modern Russia, and analyze the legal status of the victims of unscrupulous real estate developers, including that of persons who took mortgage loans and bore additional costs due to increased interest rates, and the financial losses of banks that were forced to create additional reserves for potential losses from bad debts with security in the form of apartments in buildings, the construction of which was delayed indefinitely.
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Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Russia
Grant or Contract Numbers: N/A