Abstract
Introduction: the paper investigates the legal regime of corporate financial instruments in the context of the convergence of the world legal systems taking into account historically determined national differentiation. We study the legal regime of corporate financial instruments with respect to the status peculiarities of a corporation as a subject of legal relations and the regime characteristics of a financial instrument as a legal object. The purpose of the study is to analyze and generalize the legal experience of economically developed countries and to explain the modern legal content of the concept ‘corporate financial instrument’ against the related legal terms ‘securities’, ‘financial instrument’, ‘corporation’; to reveal major problems in the doctrine and positive legal regulation. Methods: comparative-legal, formal-logical, historical, analytical, empirical methods, and legal modeling. Results: the analysis of Russian and foreign experience made it possible for us to explain the specific nature of the legal status of corporation as the main component of modern economic systems, which determines special legal regimes of financial instruments that provide certain corporate rights. Conclusions: in terms of comparative analysis, of special interest is legal experience of such countries as Germany, France, Great Britain, and the USA since these countries show a higher level in the development of corporate legal forms and financial markets. Since early 1990s, Russia has been demonstrating high rates in the formation of the system of financial instruments circulation, which, with respect to the legal development of the corporate legal entity doctrine, brings Russian legal system closer to the world major legal systems. In the light of the focus on the sustainable economic development and defense of state interests with the use of modern digitalization methods, this also objectifies and makes currently relevant the development of the national legal regime of the corporate financial instrument based on the international legal experience.
Highlights
The starting point for this study is the assumption that one of the major trends in the development of civil law and economic legislation in Russia, as well as in other countries, is the search for new forms of business that, compared to already known ones, would provide a higher degree of economic efficiency and financial marginality.Forms of business themselves are rather related to the field of civil law, which is considered to provide basic branch-specific rule-making, since it is civil law that originally determines the legal status of entities, provides their sys tematization
The legal regime of corporate instruments is of a common origin with the regime of all financial instruments and has peculiarities linked with participation in a corporation
Global experience shows the convergence of national legal regimes, which is caused by the transboundary circulation of financial instruments
Summary
Forms of business themselves are rather related to the field of civil law, which is considered to provide basic branch-specific rule-making (obviously, more typical for the Roman-Germanic legal family), since it is civil law that originally determines the legal status of entities (participants in relations, or ‘persons of law’), provides their sys tematization. Ца, публичные образования; а также, в определенном смысле, производные от них субъекты: индивидуальные предприниматели, холдинговые и иные консолидированные хозяйственные группы, корпорации и т. П. Заметим, что базовые группы лиц характерны практически для любой современной правовой системы, тогда как производные субъекты по-разному определены в законодательстве отдельных стран, что объясняется историческими особенностями. Конкретно-правовое регулирование хозяйственной деятельности соответствующих субъектов – лиц гражданского права в большей степени относится к плоскости специального законодательства, которое можно именовать экономическим, хозяйственным, предпринимательским, торговым, коммерческим и т.
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
