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Federal Law No. 39 on the Defense of Interests of Natural Persons Having Deposits in Banks and Solitary Structural Subdivisions of Banks Registered and/or Operating on the Territory of the Republic Crimea and on the Territory of the City of Federal Significance, Sevastopol - Russia and the Republics Legal Materials - Second Series
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22292
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Originally from Russia and the Republics Legal Materials - Second Series
Preview Page Article 1. Purpose of Present Federal Law
The purpose of the present Federal Law shall be to ensure the interests of natural persons having deposits in banks and solitary structural subdivisions of banks registered and/or operating on the territory of the Republic Crimea and on the territory of the city of federal significance, Sevastopol, as of 16 March 2014. Article 2. Subject-Matter of Regulation of Present Federal Law The present Federal Law shall regulate relations connected with the creation of the autonomous noncommercial organization “Fund for the Defense of Depositors” (hereinafter – Agent) and the effectuation of contributory compensation payments to natural persons provided by the present Federal Law by means of the acquisition by the Agent of the rights (or demands) of natural persons with regard to deposits in credit institutions.
William E. Butler, Emeritus Professor of Comparative Law in the University of London, attached to University College London, is the John Edward Fowler Distinguished Professor of Law at the Dickinson School of Law, Pennsylvania State University, and Founder and Director of The Vinogradoff Institute.
An authority on the legal systems of Russia and former Soviet nations, he is the author, co-author, editor or translator of more than 3,500 books and articles on Russian, Soviet, Kazakhstan, Ukrainian, Uzbekistan, and other Commonwealth of Independent States legal systems. He has acted as Counsel to the EBRD, European Union, World Bank, United Nations, and Department for International Development of the United Kingdom on individual law reform projects.
The recipient of numerous honors for his service to Russian and international law, Professor Butler is Academician of the National Academy of Sciences of Ukraine and the Russian Academy of Natural Sciences, Associate of the International Academy of Comparative Law, and Member of the Russian Academy of Legal Sciences. He has been elected to his fourth term as a member of the Russian International Court of Commercial Arbitration. In 2003 Professor Butler was awarded the G. I. Tunkin Medal by the Russian International Law Association.
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