Law In Transition Russian Bankruptcy Law Reform
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Law In Transition Russian Bankruptcy Law Reform
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Author :
language : en
Publisher:
Release Date : 1996
Law In Transition Russian Bankruptcy Law Reform written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with categories.
Russian Enterprise Reform
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Author : Harry G. Broadman
language : en
Publisher: World Bank Publications
Release Date : 1998-01-01
Russian Enterprise Reform written by Harry G. Broadman and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-01-01 with Political Science categories.
To enhance and sustain economic prosperity, Russian authorities must improve the business climate so that firms restructure and the private sector thrives within a market environment. Meeting this challenge requires actions on several fronts. The Russian government asked the World Bank to write policy papers to address this issue. This volume contains those policy papers which were then presented at a high-level workshop in Moscow. The topics include: removing impediments to robust interfirm competition, such as structural concentration, arbitrary regulatory practices, and entry barriers; strengthening corporate governance incentive systems; enhancing the nascent institutional framework for the exercise of creditor rights and implementation of enterprise bankruptcy procedures; reducing barter and other nonmonetary forms of business transactions; and fostering enterprise restructuring. The volume also contains formal comments on these papers presented by senior Russian officials at the workshop.
The Rule Of Law And Economic Reform In Russia
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Author : Jeffery Sachs
language : en
Publisher: Routledge
Release Date : 2019-05-20
The Rule Of Law And Economic Reform In Russia written by Jeffery Sachs and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-20 with History categories.
What impact has Russia's chosen path of reform had on the development of law after the collapse of the communist regime? This collection of essays examines how Russia's distinctive traditions of law-and lawlessness-are shaping the current struggle for economic reform in the country. Nine renowned scholars, chosen from specialties in history, politi
Developing Commercial Law In Transition Economies
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Author : Gray
language : en
Publisher:
Release Date : 1999
Developing Commercial Law In Transition Economies written by Gray and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Electronic books categories.
November 1995 Three things are essential to implement decentralized legal frameworks in any setting: reasonable laws, adequate institutions, and market-oriented incentives. The problem in transition economies is that all three must to a large extent be built from scratch. The question to ask at any point in time is not whether there is rule of law, but whether the country is moving in the right direction along all three dimensions. Implementing decentralized legal frameworks requires reasonable laws, adequate institutions, and market-oriented incentives. All three must exist together. Laws or institutions without each other or without a supportive framework of incentives are likely to lie dormant, while incentives by themselves will be frustrated without a reasonable legal framework and institutions to support and enforce them. Developing any of these elements is a major challenge, and progress along all three takes time. In transition economies, not only must new laws be drafted (a daunting task yet perhaps the easiest of the three) but they must be accompanied by the growth of supportive institutions (including formal judicial institutions and the watchdog institutions that we almost take for granted in advanced market economies). And they must be accompanied by economic reforms -- whether privatization (particularly with outside owners) or banking reforms -- that separate actors from the state and reinforce market-based incentives. Gray and Hendley use two case studies -- Hungarian bankruptcy law and Russian company law -- to illustrate the interaction of these three elements in practice. These cases illustrate their general view that Central Europe is somewhat further along on all three dimensions than Russia. Russia is not advanced in the development of either laws or institutions, among other reasons because it lacks Hungary's pre-war legacy of a legal tradition (Russia having never been a society or an economy ruled fundamentally by law) and because it launched economic reform much later. As for incentives, in both countries relevant actors exert weaker demand for proper implementation of the laws on the books -- weaker demand that there be stable rules of the game -- than one would expect in more mature market economies. The cases belie any simplistic notion that the rule of law can be mechanically dictated from above. Top-down reform of bankruptcy law in Hungary appears to have been at least marginally successful in changing expectations and behavior, partly because it stimulated the growth of new supporting institutions. It might have been more successful if other areas of government policy had created more complementary incentives, particularly in banks. Top-down reform of company law in Russia has had little impact to date on either institutional development or firm behavior. This paper -- a product of the Transition Economics Division, Policy Research Department -- was prepared for the John M. Olin Lecture Series at Harvard University.
Russia S Intractable Economic Problems And The Next Steps In Legal Reform
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Author : William P. Kratzke
language : en
Publisher:
Release Date : 2010
Russia S Intractable Economic Problems And The Next Steps In Legal Reform written by William P. Kratzke and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
In August 1998, the Russian government defaulted on its debt, ordered private borrowers to default on foreign loans, and abandoned its support of the ruble - thereby provoking a collapse of the country's banking system. The monetary crisis revealed the fundamental weakness of the Russian economy. The source of Russia's economic woes is its unique legacy of socialism. Soviet socialism was an incredibly inefficient system. It is unfortunate that the system survived so long because the Soviet Union's legacy is an economy that suffers from massive distortions that greatly inhibit efforts to move to a market economy. Economic distortions in Russia, as with economic distortions anywhere, occur because the distortions are rewarded outside of or irrespective of competitive market forces. Law reform in Russia proceeds on many fronts. This paper takes the position that the most important reforms for Russia are those that eliminate the reward system that encourages highly inefficient economic activity. These reforms are implementation of an effective bankruptcy law and the de-politicization of business. The two go hand-in-hand. The politicization of business renders Russia's bankruptcy laws ineffective by making non-viable business entities appear to be solvent. Only when the Russian government - and the Russian people - have removed this reward system can conditions affirmatively conducive economic to growth be fostered and a business environment competitively attractive to foreign investment established. This position is by now uncontroversial, but the paper examines such reform in the context of the obstacles to its achievement.
Developing Commercial Law In Transition Economies
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Author : Cheryl Williamson Gray
language : en
Publisher:
Release Date : 1995
Developing Commercial Law In Transition Economies written by Cheryl Williamson Gray and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Commercial law categories.
The Rule Of Law And Economic Reform In Russia
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Author : Jeffery Sachs
language : en
Publisher: Westview Press
Release Date : 1997-06-06
The Rule Of Law And Economic Reform In Russia written by Jeffery Sachs and has been published by Westview Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-06-06 with Business & Economics categories.
This collection of essays examines how Russia's distinctive traditions of law-and lawlessness-are shaping the current struggle for economic reform in the country.
Reforming Russian Bankruptcy Law
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Author : William J. Tompson
language : en
Publisher:
Release Date : 2004
Reforming Russian Bankruptcy Law written by William J. Tompson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Law categories.
Report
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Author : Joint Task Force on Business Insolvency Law Reform
language : en
Publisher:
Release Date : 2002
Report written by Joint Task Force on Business Insolvency Law Reform and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Bankruptcy categories.
Private And Civil Law In The Russian Federation
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Author : William Bradford Simons
language : en
Publisher: BRILL
Release Date : 2009
Private And Civil Law In The Russian Federation written by William Bradford Simons and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Law categories.
The chapters in this volume are from two Leiden conferences. There, distinguished scholars and practitioners from Russia and the Far Abroad measured the winds of change in the field of private law in post-Soviet Russia: enormous differences from the Soviet period, crucial in supporting post-Soviet changes toward freedom of choice in the marketplaces of goods, services, ideas and political institutions. This volume will enable the reader to further chart the progress made in Russia (and the region) in the revitalization of private and civil law and its impact upon practice and comparative legal studies and to appreciate the role which the distinction between the public and private sectors is seen as playing in the process.