Development of the Instruments for Direct Financing of Small and Medium-Sized Business: The Legal Aspect

Zakharkina, A. V.; Kuznetsova, Olga

doi:10.17072/1995-4190-2019-46-651-671

Cited by 2 publications

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“…In Russian realities, the entry into force of Law No. 354-FZ shifted the focus of scientific discussion from clarifying and better arguing the advantages of the legal structure of a convertible loan, justifying its greatest suitability for financing investment venture capital projects at the early stages of implementation and searching for options for legal support for the transformation of liability rights into corporate ones (ZAKHARKINA and KUZNETSOVA, 2019b) to the question of how well the rule-making solution has been worked out, which distinguishes the Russian analogue of the structure under consideration from what foreign investors are used to employ.…”

Section: Introductionmentioning

confidence: 99%

Russian analogue of the legal structure of a convertible loan

Mikryukov

2021

Laplage

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The research purpose is to give a civil-legal description and assess the prospects for the practical application of an element of the venture financing legal infrastructure that is new for Russian realities. The research methods are presented by special technical and legal tools, and by logical means of analysis and synthesis, induction and deduction, comparison and generalization, analogy and legal modeling, characteristic of civilist doctrinal research. The research results include the established civil nature of the Russian structure of a convertible loan, the identified principal conditions and the key stages of the conversion mechanism, the research also confirmed its convenience and efficiency. The research significance is manifested in its ability to strengthen the doctrinal basis of the legally permitted multivariate economic activity, promote accelerating the integration of convertible loans into the Russian legal field, help intensify domestic venture capital investment and increase the attractiveness of Russian jurisdiction for foreign investors.

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Section: Introductionmentioning

confidence: 99%

Russian analogue of the legal structure of a convertible loan

Mikryukov

2021

Laplage

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Russian startup legislation system

Быкова

2024

International Law Journal

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в настоящей статье рассматриваются законодательное регулирование предпринимательской деятельности в виде стартапов: соотношение с современными реалиями развития и распространения в Российской Федерации. Проанализированы основные определения этого явления, выявлены проблемы, связанные с отсутствием унифицированного законодательного определения понятия «стартап». До настоящего времени не сформировалось единого понимание, что же такое стартап – субъект или вид / тип предпринимательской деятельности. Это приводит к неоднозначным трактовкам, так как нет четких критериев, субъекты не определены, и отсутствуют единые меры поддержки для всех участников Кроме того, нет определенности какую именно деятельность следует относить к стартапам как к таковым, должна ли она содержать в себе элемент инновационности и относиться только к высокотехнологичным сферам. Такая разрозненность значительно снижает распространение стартапов в нашей стране, следовательно не дает ожидаемого эффекта от государственной политики по цифровизации экономики и поддержке высокотехнологичного предпринимательства. Целью написания данной статьи было как раз упорядочивания понятий стартапа, приведенных в отечественном законодательстве. this article considers the legal basis of entrepreneurial activity in the form of startups and their relationship with the modern realities of development and distribution in the Russian Federation. The main definitions of this phenomenon were analyzed; problems related to the lack of legislative consolidation of the startup concept were identified, in this regard, to the ambiguity of approaches to it. There is still no single understanding of what a startup is – a legal entity or kind/type of entrepreneurial activity (way of doing business) although this type of activity is already widely applicable in the business environment. Over the past decade, topics related to startups have increasingly been discussed in the media. A large number of government programs that provide financial support to small and medium-sized enterprises associated directly with their creation and implementation have appeared. However, no legislation gives an exhaustive answer what should be understood as a startup. This leads to many interpretations since there are no uniform criteria, the subject composition is not defined, and there are no uniform support measures for all participants. In addition, it is not certain which activity should be attributed to startups as such, whether it should contain an element of innovation and relate only to high-tech areas. All this significantly reduces the homogeneous distribution of startups in our country. Therefore, it does not give the expected effect of a state-owned company on the transition to a non-resource model of the economy. The purpose of writing this article was just to streamline the concepts of startup given in domestic legislation.

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Development of the Instruments for Direct Financing of Small and Medium-Sized Business: The Legal Aspect

Cited by 2 publications

References 0 publications

Russian analogue of the legal structure of a convertible loan

Russian analogue of the legal structure of a convertible loan

Russian startup legislation system

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