REGULATORY SANDBOXES AND THEIR IMPACT ON THE BUSINESS LAW INDUSTRY OF THE RUSSIAN FEDERATION IN THE CONTEXT OF THEORETICAL AND PRACTICAL ASPECTS OF LEGAL EXPERIMENT

Abstract

This legal study is an attempt by the author to conduct a full analysis of the Federal Law «On experimental legal regimes in the field of digital innovation in the Russian Federation», which has not yet entered into force, as well as his satellite laws introducing into the legal system experimental legal regimes in the face of regulatory sandboxes, in order to determine their impact and significance on the development of the industry of domestic business law, and, in particular, on the legislation of the Russian Federation on entrepreneurship. As a conclusion, it is noted that the Federal Law "On Experimental Legal Regimes in the Field of Digital Innovations in the Russian Federation", as well as those acts that ensure the implementation of the objectives that it lays down (satellite laws and acts of state authorities, the creation of which is directly delegated by this federal law) are aimed not only at creating favorable conditions for the development of digital innovation in the Russian Federation, but also at developing the industry of domestic entrepreneurs. It is also noted that such development is also ensured by granting legal and regulatory powers, first of all, to the Government of the Russian Federation, as well as to a number of other federal executive bodies and executive bodies of the subjects of the Russian Federation, which in turn tells us about the increasing development of the concept of delegated lawmaking in our country, as well as localization and detailing of legal regulation in the spheres of economic activity depending on its specifics.