Modernization of the concept of foreign economic transactions

Occupation: Associate Professor of Gubkin Russian state University of Oil and Gas
Affiliation: Gubkin Russian state University of Oil and Gas
Address: Russian Federation, Moscow

Victoria D. Gitsu

Occupation: Consultant at Broadridge Financial Solutions
Affiliation: Broadridge Financial Solutions
Address: New Jersey

Journal name

Gosudarstvo i pravo

Edition

Issue 1

Pages

123-138

Abstract

The article deals with theoretical and practical aspects of the concept of foreign trade transaction: doctrinal approaches to the definition of the concept of foreign trade transaction; qualifying attributes of a foreign trade transaction in the light of Russian legislation; overlaps between foreign trade transaction and international commercial contract (international commercial agreement, international commercial transaction). Contrary to the current trend to equate concepts of "foreign trade transaction" and "International commercial contract" the authors concluded wrongfulness of such an approach.

In fact, currently we can often see an identification of two different legal categories, one of which serves as the object of national state-power relations, and the second of which is included in the structure of international private law relations. According to the authors, in the Russian legal science unified qualifying attributes of both - a foreign trade transaction and an international commercial contract, - are absent. A widely accepted criterion of the location of a commercial enterprise in different states is considered by the authors in critical perspective. The definition of a foreign trade transaction in a public law aspect and the qualifying features of a commercial contract as a category of private international law are also provided in the article.

Keywords

foreign trade transaction, international commercial contract (agreement), international commercial transaction, foreign economic activity, State control, export-import operations, public law acts, qualifying elements, place of business

Received

25.06.2019

Publication date

02.02.2020

Number of characters

63724

Cite

GOST	Gitsu M., Gitsu V. Modernization of the concept of foreign economic transactions // Gosudarstvo i pravo – 2020. – Issue 1 C. 123-138 [Electronic resource]. URL: https://gospravo-journal.ru/S013207690008358-5-1 (circulation date: 19.04.2024). DOI: 10.31857/S013207690008358-5
MLA	Gitsu, Margarita A, Gitsu, Victoria D "Modernization of the concept of foreign economic transactions." Gosudarstvo i pravo 1 (2020):123-138. DOI: 10.31857/S013207690008358-5
APA	Gitsu M., Gitsu V. (2020). Modernization of the concept of foreign economic transactions. Gosudarstvo i pravo (1), pp.123-138 DOI: 10.31857/S013207690008358-5

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