The Russian title registration system for realty and its effect on foreigninvestors

The recent privatization of real property is an important step in Russia's transition from a planned to market economy. This privatization creates opp ortunities for foreigners in the Russian realty market. However, foreigners are not likely to enter this market unless rights to immovable property ar e certain and secure. This Comment describes the new Russian immovable prop erty Registration Law and argues that, despite its drawbacks, it creates a workable system that will provide certainty and security in rights to Russi an immovable property. Furthermore, the Comment advises foreign investors o n how to avoid potential problems the new law creates.