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Volkonitin A.S. Consideration of vehicle amortization in seeking compensation

Abstract: The object of this research is the scientific works, legislation, Russian and foreign judicial practice, and Resolution of the Plenum of the Supreme Court of the Russian Federation No. 25 from June 23, 2015 “On Court Application of Certain Positions of the Section 1 of Part 1 of the Civil Code of the Russian Federation” on the part of solving the issue of consideration of amortized value in seeking compensation. The subject of this research is the approaches of Russian and foreign legislation and judicial practice towards the issue of consideration of the amortization in compensation for damages to a vehicle. Based on the conducted research, the author concludes that the position of the Paragraph 2 of Subsection 13 of the Resolution of the Plenum of the Supreme Court of the Russian Federation No. 25 from June 23, 2015 is not scientifically substantiated and is not a result of the interpretation of the norms of civil legislation. Compensation of damages caused to the owner of a vehicle with consideration of amortization does not have convincing and sufficient grounds in civil legislation, and Russian and foreign judicial practice. The scientific novelty consists in the fact that this research is conducted based on the new case study, as well as a complex analysis of the approaches of the foreign judicial practice.


Keywords:

Fair market value, Actual value, Repair, Damages, Property damage, Insurance, Full compensation, Amortization, Vehicle, Depreciation


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References
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