On Friday, June 17, 2016, a round table discussion on “Improving the business climate in Moscow – registration of title to property” took place at McKinsey’s office in Moscow. This event was held by McKinsey following the request of the Moscow Government to develop recommendations for improving the quality of services rendered by registration authorities in registration of title to property in Moscow. The legal community was represented by Principal Associate of Capital Legal Services Kirill Vodolazov and Partner of the Real Estate Practice at Baker and McKenzie Konstantin Kuzin, while McKinsey staff represented the business community. Within this meeting participants discussed and summarized not only issues included in the meeting agenda on delays in registration of title to property in Moscow, but also other relevant issues connected with registration of lease agreements for land plots in Moscow and non-residential premises, as well as gave comments on registration of real estate in the cadastral register. Moreover, participants noted certain substantial positive changes that occurred in regard to registration of title to property over the past few years, which helped Russia to rise in the Doing Business country rankings. The results of the round table discussion will be summarized within the scope of recommendations for improving the business climate and will be sent to the Moscow Government.

Кирилл Водолазов  Управляющий юрист                                Москва   kvodolazov@cls.ru    Тел.: +7 (495) 970 10 90