Yuriy S. Shpinyov
Institute of state and law of the Russian Academy of Sciences
On the definition of investment in legislation and science
Shpinyov Yu. S. On the question of defining the concept of investment in legislation and science. Vestnik of Kostroma State University, 2020, vol. 26, № 2, pp. 217-223 (In Russ.). DOI 10.34216/1998-0817-2020-26-2-217-223
DOI: 10.34216/1998-0817-2020-26-2-217-223
УДК: 351
Publish date: 2020-03-26
Annotation: The article deals with General theoretical and practical problems of defining the concept of investment in legislation and legal science. It is noted that despite the rapid development of investment relations, there are still regulations that require either cancellation or serious revision. One of the problems is the use of the concept of investment in different meanings in the three main laws regulating investment relations. In this regard, it is emphasised that the use of a single term that allows for different interpretations contradicts the legislative technique and negatively affects law enforcement practice. The authors identify the reasons why there is no single legal definition of investment to date, the main ones being the lack of demand for the laws in question in law enforcement practice, as well as the lack of a single doctoral approach to the concept of investment. As a result, it is concluded that the scientific understanding and development of this concept with subsequent amendments to legislative acts is one of the most important tasks of the science of business law at this stage.
Keywords: investment, investment law, concept of investment, definition of investment, definitions, legal technique, investment, investment relations, investment activity, investment legal relations.
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Author's info: Yuriy S. Shpinyov, ORCID 0000-0001-5573-0439, PhD in law, senior researcher of the business and corporate law sector of the Institute of state and law of the Russian Academy of Sciences, Moscow, Russia. E-mail: shpinev.iurii.sergrrvich@mail.ru