Theoretical provisions on certain methods of securing fulfilment of obligations in the private law of Russia and Germany
Konstantin Zakharenko (Master of Laws, lawyer at MAGENTA Legal) has published an article in the scientific-practical journal “Modern Law”, which has been published since 2000 and is included in the list of the Supreme Attestation Commission. The article is devoted to the problem of determining the role, functions, procedure of application and legal nature of methods of ensuring the fulfilment of obligations in Russian and German private law. In his article Konstantin provides a detailed analysis of the legal regulation of three common methods of securing the performance of obligations: contractual penalty, earnest money and suretyship. The chosen topic is of high practical relevance, as most entrepreneurs need a certain legal and financial “security” for a safe business, which covers their potential losses in case they have made a mistake in choosing their business partners and have to reckon with unfair behaviour on their part.
Konstantin is a lawyer at MAGENTA Legal. His professional interests lie in litigation before state and commercial courts and he has extensive experience in representing clients before various state authorities. Konstantin is fluent in English and German. Konstantin also advises on corporate, employment, contract and data protection issues.