• Legislative Basis
• CCG’s Code of Ethics

Legislative Basis for CCG

Credit Collection Group Ltd in its activity is guided by legislative rules of the Russian Federation:

    Civil Code of the Russian Federation, including:

• Chapter 24 «The Substitution of Responsible Persons»;
• Chapter 30 «Purchase and Sales»;
• Chapter 39 « Rendering of Commercial Services»;
• Chapter 42 «Loans and Credits»;
• Chapter 49 «Commission»;
• Chapter 52 «Agency Services».
1. The Code of Administrative Offences of the Russian Federation;
2. Criminal Code of the Russian Federation;
3. Federal Law "On Enforcement Proceedings";
4. The Federal Law " On Personal Data» dated 27.07.2006 № 152-FZ;
5. The Federal Law " On Credit Histories» dated 30.12.2004 № 218-FZ.

EXCERPTS FROM THE CIVIL CODE OF THE RUSSIAN FEDERATION:

Article 382. Grounds and procedure for transfer of authority to another person

1. Right (or claim) held by the Creditor on the basis of the obligation may be transferred to another person in the transaction (cession) or transferred to another person on the basis of the law.

The rules of transfer of authority of the Creditor to another person are not applied to the recourse.

2. For transfer of the Creditor’s rights to another person the consent of the Debtor is not required, unless otherwise provided by the law or the contract.

3. If the Debtor was not notified in writing of the transfer of the Creditor's rights to another person, the new Creditor bears the risk of the caused adverse consequences. In this case, discharge of the obligation to the original Creditor will be recognized as a fulfillment of obligation to a proper Creditor.

Article 384. The Scope of Creditor's Rights, Transferred to the Other Person

Unless otherwise stipulated by the law or by the contract, the right of the original Creditor shall be passed to the new Creditor in the amount and on the terms, which have existed at the moment of transfer of rights. In particular, to the new creditor shall pass the rights, guaranteeing the discharge of the obligations, and also the other rights, involved in the claim, including the right to the unpaid interest.

If for the non-discharge or an improper discharge of the obligation the forfeit has been ruled, the losses shall be recompensed in the part, which has not been covered by the forfeit.

Article 395. Responsibility for the Non-Discharge of the Pecuniary Obligation

For the use of the other person's money as a result of its illegal retention, of the avoidance of its return or of another kind of delay in its payment, or as a result of its groundless receipt or saving at the expense of the other person, the interest on the total amount of these means shall be due. The interest rate shall be defined by the discount rate of the bank interest, existing by the date of the discharge of the pecuniary obligation or of the corresponding part thereof at the place of the creditor's residence, and if the creditor is a legal entity - at the place of its location. If the debt is exacted through the court, the court may satisfy the creditor's claim, proceeding from the discount rate of the bank interest on the date of filing the claim or on the date of its adopting the decision. These rules shall be applied, unless the other interest rate has been fixed by the law or by the agreement.

Under an agency Agreement one party (the Agent) undertakes to perform on a commercial basis by order of another party (the Principal) legal and other actions on his behalf, but at the expense of the Principal or on behalf and at the expense of the Principal.