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2) The Federal Law of the Russian Federation "On Insolvency (Bankruptcy)" dated щт 26.10.2002 No. 127-Ф3; 3) The Federal Law of the Russian Federation "On Insolvency (Bankruptcy) of Credit Organisations"; 4) The Information Letter of the Presidium of the Arbitration Tribunal of the Russian Federation dated August 6, 1999 No. 43 "The Issues of the Application of the Federal Law "On Insolvency (Bankruptcy)" in the judicial practice"; 5) The Letter of the Supreme Arbitration Tribunal of the Russian Federation dated April 25, 1995 No. C1-7/OP-237 "Preview of the Practice of the Law On Insolvency (Bankruptcy) Application by the Arbitration Tribunals"; 6) The Information Letter of the Presidium of the Arbitration Tribunal of the Russian Federation dated August 7, 1997 No. 20 "Preview of the Practice of the Law On Insolvency (Bankruptcy) Application by the Arbitration Tribunals"; 7) The Letter of the Supreme Arbitration Tribunal of the Russian Federation dated July 14, 2000 No. C3-7/up-806 "On Coordination of the Intermediary Dissolution Statements and the Dissolution Statements of Credit Organisations Acknowledged an Insolvent (Bankruptcy) with the Local Russia's Bank Institutions"; 8) The Determination of the Plenary Session of the Supreme Arbitration Tribunal of the Russian Federation dated April 8, 2003 No. 4 "On Some of the Issues Regarding Enactment of the Federal Law "On Insolvency (Bankruptcy)"; 9) The Information Letter of the Presidium of the Arbitration Tribunal of the Russian Federation dated June 14, 2001 No. 64 "On Some of the Issues of the Application of the Federal Law "On Insolvency (Bankruptcy)" in the judicial practice".

3. BUSINESS RUNNING 3.1. Purchasing and Tenancy of Real Estate By closing of the tenancy transactions the owner of the real estate remains to be the same, because of that fact, that the right to use a thing, but not to the thing itself is the object of such agreements. The essential conditions should be determined in the tenancy contract; the absence of those could lead to the non-acceptance of this contract. The Buyer selects the realty object independently or with the help of a real estate agency. When selecting the realty object in St. Petersburg independently the buyers can use specialized periodicals, such as “Real Estate Bulletin”, “City Real Estate Catalogue”, “Bulletin of the Property Fund of St. Petersburg”, etc. The supply in the market of commercial property is traditionally divided into two segments: private and state. The state segment means the city of St. Petersburg represented in the market by the Committee for City Property Management (CCPM), “Property Fund of St. Petersburg” OJSC, a number of managing companies that were handed the right for asset management of the city realty, as well as some State Unitarian companies leasing part of their areas (on the agreement with the CCPM). According to the data provided by the Committee of management of the city property, by 1 January 2007 18 550 contracts on leasing of objects of the uninhabited fund of the city property with the total area of more than 3.4 million sq. m. had been signed. 48 % of these objects are the objects of trading real estate, 21 % of office one, 14 % of industrial and warehouse one, and 17 % are the other objects.

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Business.support.structure.in.St.Petersburg  
Business.support.structure.in.St.Petersburg  

1. STATE AND MUNICIPAL AUTHORITIES IN ST. PETERSBURG In St. Petersburg the system of state authorities was formed which has statutory object...

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