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    BATTLE FOR THE LAW OF REAL SECURITY:THE THIRD STEP IN REFORMING RUSSIAN

    PLEDGE LAW2

    R.S. BevZeNKO,

    Ph.D. in Law, Profssor of th Russian School of Priat Law,Partnr of Pepeliaev GroupLaw Firm

    1 - , . , ,

    .

    2 This article was developed in conjunction with the EBRD, which has been involved in the reform of

    Russian law of secured transactions. However, the opinions and interpretations expressed in thearticles remain the authors sole ones.

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    The paper is dealing with the last reform of the Russian pledge law that was enteredinto force on July 1, 2014. It contains the analysis of the routes and sources of thereform, particularly their liaison with the previous legislation and case law. The author

    examines the possible difficulties of interpretation and application of the new pledge lawwhich the economic actors may face with and offers the ways for their resolution.

    Keywords: real security; pledge; mortgage; hypothec; charge; lien; foreclosure.

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    -, , , - . -

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    1 . foating charge, : Btter M.Recognition of English Fixed andFloating Charges in German Insolvency Proceedings under the New European Regulation on Insolvency

    Proceedings // Journal of Corporate Law Studies. 2002. Vol. 2. P. 213; Ferran E.Floating Charges:The Nature of the Security // The Cambridge Law Journal. 1988. Vol. 47. Issue 2; Pennington R.R.The Genesis of the Floating Charge // The Modern Law Review. Vol. 23. Issue 6; Worthington S.Floating Charges: An Alternative Theory // The Cambridge Law Journal. 1994. Vol. 53. Issue 1.

    2 . .

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    nancial statement

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    Law. 2011. Vol. 19. Issue 5. P. 613614). , : -

    , , -

    (Montague W. Uniform Commercial Codes Article 9: When Filing isNot Required to Perfect a Security Interest // Kentucky Law Journal. 19631964. Vol. 52. P. 422).

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    (Draft Common Frame of Reference ( DCFR)).

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    (VlietL. van. The German Grundschuld// Edinburgh Law Review. 2012. Vol. 16. Issue 2. P. 150 ( - : http://papers.ssrn.com/abstract_id=2071814)).

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    INFORMATIONABOUTTHEAUTHOR

    Bevzenko R.S. (Moscow) Ph.D. in Law, Professor of the Russian School of