REFORM OF LIMITATION PERIOD INSTITUTE IN THE LEGISLATION OF THE RUSSIAN FEDERATION: ADVANTAGES AND MISTAKES

Abstract

In article the limitation period institute innovations entered during

reforming of the civil legislation of the Russian Federation are analyzed.

Advantages of new norms on definition of the beginning of limitation

period are noted. The author gives an assessment of such innovation as

the objective limitation period and also analyzes the prospects of its

application to different types of the civil relations. Influence of the

international acts in the field of private law on reforming of norms on

limitation period in Russia is reflected. The author touches also on issues

of influence of limitation period on the subjective substantive law which

is subject to protection.