“Valley Effect”: The Supreme Court will summarize the practice of challenging real estate transactions

The review of judicial practice will include the decision of the Supreme Court in the high-profile case involving the apartment of singer Larisa Dolina. Let us remind you that the Supreme Court of the Russian Federation considered the case and assigned ownership of the disputed apartment to Polina Lurie. Previously, lower courts declared the apartment sale transaction invalid, indicating that Larisa Dolina sold the property under the influence of swindlers. The apartment was returned to Dolina, but the singer was not obliged to return the money to Polina Lurie. The dispute reached the Supreme Court. According to the decision of the Supreme Court of the Russian Federation, ownership rights remain with Polina Lurie, who is a bona fide buyer. Larisa Dolina lives in the apartment illegally. The issue of her forced eviction will be considered by the Moscow City Court.

Against the backdrop of the high-profile story with the Dolina apartment, other cases were reported in which people who bought an apartment from sellers acting under the influence of scammers were left without money and without housing. When considering such cases, courts often took the side of the injured sellers, without taking into account the interests of bona fide buyers. There is even a special term for this phenomenon: the “Valley effect.” It is expected that the Supreme Court’s decision in the Dolina case will help protect the rights of bona fide buyers of secondary housing.

source: CYANOGEN