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Basic Principles and Rules of Private Law

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Chapter Summary

The Civil Code is the fundamental legislation of Russian private law. The Civil Code applies to individuals as well as juridical persons. Individuals may invest in companies and become shareholders and participants, but if they are to perform business as an individual without forming a juridical person, then they must be registered. The Civil Code lists "things including money and securities as well as other property including property rights, works and services, information, results of intellectual activities including exclusive rights on them (intellectual property), and non-material values" as objects of civil law rights. Juristic acts are based upon the expression of will by the parties in civil law relations. Periods of time established by law and other legal acts, juristic acts, or designated by the court are determined by calendar date or by the flow of years, months, days or hours.

Keywords: civil code; civil law rights; commercial court; juristic acts; Russian private law



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