New in regulation collateral relations

The author considers the most important innovations in the management of collateral relations, which came into force on 1 July 2014 in connection with the amendment to the Civil Code of the Russian Federation, as well as the abolition of the Law of the Russian Federation «On Pledge». In particular, it analyzes the changes made to the rules of seniority prior and subsequent mortgagees, innovations concerning the list of collateral objects, rules and procedures for the registration of notices of pledge. Concludes that the extension of the scope of collateral arrangements in entrepreneurship helps create a balance between the interests of the mortgagor and the mortgagee.