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The new law does not protect any equity holders or developers of the "double sales."

5 November, the Chairman of the Bar, "Legal Center LEX" (St. Petersburg) Leo Ostromuhov said that took effect in federal law 214-FZ "On Participation in the shared construction of apartment buildings and other real estate" is not protected.

Law on joint construction discussed at a round table held at the passing of these days in St. Petersburg Real Estate Fair.

"This Trishkin coat, which is now trying to patch up the amendments. But they still almost no one uses it" - says Leo Ostromuhov. According to him, the law does not protect the equity holders of the "double sale" of the bankruptcy risk of the construction company and other problems. "The fact that the company is working on this law, is no guarantee that construction will be completed in compliance with all requirements, - the expert believes.

Counsel pointed out that most people in college address is the problems associated with the purchase of housing in the primary market - it is double or triple sales, an increase in cost per square meter after the conclusion of the contract, poor quality construction.

present at the discussion, representatives of construction companies agreed that the new law complicated the lives of developers by making their activities more transparent to the equity holders.

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