Legal nature and types of corporate securities of foreign issuers

A. N. Levushkin ()

RSUH/RGGU BULLETIN. Series Economics. Management. Law, 2024, issue 3

Abstract: It is necessary to recognize that today investments are an integral part of developed market economies and are implemented within the framework of investment legal relations. Especially relevant in the last decade is the issue of investing in foreign ï¬ nancial instruments in the form of securities. Russian investors are seeking to diversify their portfolio, increasingly preferring ï¬ nancial instruments of foreign issuers. The current legal regulation allows purchasing the securities on global ï¬ nancial markets, but servicing outside the Russian legal framework entails serious risks for potential investors.It should be noted that among the many varieties of securities, corporate securities play a special role, they “complement†the purpose and essence of securities with another aspect – managerial, in other words, the acquisition, possession and sale of corporate securities, for example, shares, are a mechanism for managing a legal entity as a corporate organization.It should also be noted that corporate securities of foreign issuers play an important role in the economic system, since their turnover acts as a means of involving free funds of citizens and organizations in ï¬ nancial life, prevents the “stagnation†of capital.The presented article deï¬ nes the legal nature and legal characteristics of certain types of corporate securities of foreign issuers, and formulates the author’s conclusions and individual proposals for reforming Russian legislation.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:aca:journl:y:2024:id:583

DOI: 10.28995/2073-6304-2024-3-132-147

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