Preview

EURASIAN INTEGRATION: economics, law, politics

Advanced search

Russian Experience in Legal Regulation of BRICS Investment Platforms

https://doi.org/10.22394/2073-2929-2024-03-103-111

EDN: WMBOKB

Abstract

Aim. The article aims to formulate the problem of formation of such type of investment institutions as investment platform in BRICS.

Tasks. The objectives of the article are defined by the fact that the executive director of the Russian Direct Investment Fund proposed to create a joint investment platform of BRICS countries, allowing BRICS members to invest more actively in the economies of their partners. And as is known, BRICS countries currently play a significant and constantly growing role in world politics and international relations.

 Methods. In the process of research the set tasks were solved by the author usin g general scientific (historical, dialectical, systemic, logical, method of analysis) and legal (comparative legal, sociological, axiological) research methods.

Results. The result of the research is the proposal based on the Russian experience of regulation of platform services (financial platforms, investment platforms and information systems) on the formation on the basis of the Russian regulation model of the concept of building the corresponding institution within BRICS. At the same time, the article also draws attention to possible problems that may arise during the preparation of the relevant international act. In particular, the implementation of this initiative raises a wide range of technical, economic and legal issues that require detailed consideration.

Conclusions. When choosing specific investment methods that can be used on such a platform, it is necessary to take into account the needs of businesses and the population, both in the long-term and short-term attraction and placement of resources. In particular, legal regulation of the choice of the legal regime for investment should influence the choice of the legal status of entities that will be admitted to such a platform, highlighting, for example, qualified investors or retail investors.

About the Author

A. M. Lapteva
National Research University “Higher School of Economics” (NRU HSE)
Russian Federation

Anna M. Lapteva, Associate professor, Head of the Financial Law Department, PhD in Jurisprudence,
Associate professor

Saint Petersburg



References

1. Avdokushin E. F., Zharikov M. V. BRICS Countries in the Modern World Economy : monograph. Moscow : Master: INFRA-M, 2024. 480 p. ISBN: 978-5-9776-0255-6 (In Russ.)

2. Borisova O. V., Malykh N. I., Oveshnikova L. V. Investments : textbook and workshop for universities. 2nd ed., Revised and add. Moscow : Yurayt, 2024. 482 p. ISBN: 978-5-534-17337-6. (In Russ.)

3. Bukharin V. V. About BRICS [Electronic resource]. URL: https://spa.msu.ru/about/centers/nauchno-issledovatelskieczentry/mks_mgu_brics/about_brics/ (accessed: 27.09.2024). (In Russ.)

4. Buchenkov G. A. Legal Regulation of Activities of the New Development Bank BRICS // Banking Law [Bankovskoe pravo]. 2016. No. 1. P. 52–60. (In Russ.) EDN: VKUDKP

5. Danilova T. N. Investment Market and Its Place in the Structure of the Financial Market (Institutional Approach) // Finance and Credit [Finansy i kredit] 2002. No. 8 (98). P. 10–25. (In Russ.) EDN: HUXUZJ

6. Investments / ed. by V. V. Kovalev, V. V. Ivanov, V. A. Lyalin. Moscow : TK Velby, 2003. 440 p. ISBN: 5-98032-089-X. (In Russ.) EDN: TGYSMF

7. Investment Law : textbook / ed. by I. V. Ershova, A. Yu. Petrakov, M. A. Akhmadova [et al.]. Moscow : Prospect, 2021. 304 p. (authors of the head M. A. Akhmadova, K. M. Belikova) ISBN: 978-5-392-31454-6. (In Russ.) EDN: JLQKUY. DOI: 10.31085/9785392314546-2021-304

8. Kamalyan V. M. Legal Regulation of Cryptocurrencies and Blockchain Technologies in Germany and Italy // Actual Problems of Russian Law [Aktual’nye problemy rossiiskogo prava]. 2020. Vol. 15. No. 7 (116). P. 197–206. (In Russ.) EDN: XIHCXJ. DOI: 10.17803/1994-1471.2020.116.7.197-206

9. Kochergin D. A. Central Bank Digital Currencies: Experience of Introducing a Digital Yuan and Development of a Digital Ruble Conception // Russian Journal of Economics and Law. 2022. Vol. 16. No. 1. Р. 51–78. (In Russ.) EDN: BHOKOZ. DOI: 10.21202/2782-2923.2022.1.51-78

10. Kudelich E. A. International Investment Disputes Involving the State: Problems of Immunity // Statute [Zakon]. 2012. No. 6. P. 40–54. (In Russ.) EDN: OYYUJN

11. Polenchuk M. D. A New Approach to Solution of International Tax Disputes Involving Russia // Financial Law [Finansovoe pravo]. 2022. No. 8. P. 36–39. (In Russ.) EDN: IJMXPD. DOI: 10.18572/1813-1220-2022-8-36-39

12. Savinsky S. P. Digital Currency of China and Integration of Digital Currencies of the BRICS Countries // Banking [Bankovskoe delo]. 2022. No. 11. P. 31–37. (In Russ.) EDN: WVXITW

13. Skvortsov O. Yu. About BRICS Investment Arbitration // Eurasian Integration: Economics, Law, Politics [Evraziiskaya integratsiya: ekonomika, pravo, politika]. 2023. Vol. 17. No. 1. P. 89–97. (In Russ.) EDN: APYMXD. DOI: 10.22394/2073-2929-2023-01-89-97

14. Teplova T. V. Investments. Moscow : Yurayt, 2024. 274 p. (In Russ.)

15. Ebergardt S. A. Foreign Experience of Cryptocurrency Legal Regulation // Electronic supplement to the “Russian Juridical Journal” [Elektronnoe prilozhenie k «Rossiiskomu yuridicheskomu zhurnalu»]. 2023. No. 1. P. 27–34. (In Russ.) EDN: WSPCLF. DOI: 10.34076/22196838_2023_1_27


Review

For citations:


Lapteva A.M. Russian Experience in Legal Regulation of BRICS Investment Platforms. EURASIAN INTEGRATION: economics, law, politics. 2024;18(3):103-111. (In Russ.) https://doi.org/10.22394/2073-2929-2024-03-103-111. EDN: WMBOKB

Views: 554


ISSN 2073-2929 (Print)