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Journal of Foreign Legislation and Comparative Law
Reference:
Gravin D.I.
Warranties and Guarantees
in the English Law Facility Agreement
and Possibility of their Use in Russian Law
// Journal of Foreign Legislation and Comparative Law.
2012. ¹ 4.
P. 42-51.
URL: https://en.nbpublish.com/library_read_article.php?id=61470
Gravin D.I. Warranties and Guarantees in the English Law Facility Agreement and Possibility of their Use in Russian LawAbstract: This article deals with such English law concepts as warranties and representations, their brief comparison and legal nature, it sets out the most common warranties and representations used in a facility agreement governed by English law. Besides, the article deals in detail Russian legal concepts by their legal nature similar to English law warranties and representations, including information to be provided by an insured while entering into insurance agreement. This article also considers the consequences of breach of warranties and representations from a point of view of Russian law including termination of the agreement due to changes of certain circumstances. The author analyses possibility to apply Russian legal requirements of conditional transactions as specified in Article 157 of the Russian Civil Code as well as the rules of misrepresentation as a breach of warranties and representations, considers amendments to Russian law in terms of introduction of the new legal concept of “representation on circumstances”. Keywords: warranties and representations, facility agreement, English law, conditional transactions, misrepresentation, termination of agreement.
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