Simonyan, G. V. Problems of Exercising the Russian Federation Right of Ownership to Lost Property in Foreign States

Abstract: The article is devoted to historical and legal grounds for restoration of the Russian Federation right of ownership to lost state-owned assets. The author of the article analyzes legal grounds for acquisition of right of ownership, international regulation of succession, activities of competence authorities to seek for and registration of right of ownership to lost properties as well as assesses the efficiency of measures undertaken to seek for and register right of ownership to lost state assets (property). Special focus is made on the analysis of the Report of the Russian Federation Accounts Chamber about the results of financing searches for properties and assets that are outside of the Russian Federation now but used to belong to the Russian Empire or former Soviet Union, abolished authorities and organizations of the Russian Federation, in order to restore rights of the Russian Federation and to protect rights of ownership of the Russian Federation in foreign states. At the end of the article the author concludes that it is necessary to make improvements in the effective laws with reference to this issue.

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