Yury Tuktarov and Anna Batueva held a workshop on preparation to mortgage securitization under Russian law.
28 February 2013 took place the third workshop in the series of the free workshops-consultations on securitization held by the law firm Legal Capital Partners.
Yury Tuktarov, Legal Capital Partners partner, and Anna Batueva, Legal Capital Partners Senior Associate, conducted the workshop.
Yury made a presentation on the effect of the reduction of net assets value of a mortgage agent in connection with the newly adopted Law №281-FZ which comes into effect on 1 January 2013, as well as their impact on the structure of the securitization transaction. Yury also marked out the conditions that ought to be included into the issuing documentation due to the previously covered subjects.
Anna made a report on «Preparation for the securitization: contractual documentation on mortgage loans». Anna covered the points that banks should take into account in the mortgage loans documentation within the framework of preparation for the he mortgage securitization transaction under Russian law.