In January 2015, the following amendments were introduced into the legislation: the procedure for employment in the Russian Federation of high skilled workers – foreign nationals was specifi ed; additional requirements to a leasing agreement concluded by state or municipal entities were set; the...

In the new version of the Military Doctrine, the topical issues of the Russian Military Doctrine remained unchanged in general, however, such objectives as optimization of defense expenditures, effi cient planning and allocation of fi nancial and material resources were excluded from its text,...

This article discusses the role of the law in the structures of corporate governance and in the development of financial markets. It puts in evidence the effects of legal rules in performances of financial systems in common law and civil law countries. Relation between protection of investors...

Injurers often purchase the property of potential victims to avoid liability or to comply with regulations. This paper shows that injurers subject to cost–benefit standards could profit from buying out victims even if they attach no value to the victims' property. Because buyouts allow...

On the basis of a liquidity management model, liquidity risks, defined as the probability of payment failures in a real-time gross settlement (RTGS) payment system, may either stem from liquidity management inefficiencies or insufficient cash balances. I will show that penalties charged on the...

In November, the following changes were introduced into the legislation: a limitation has been lifted for Crimean legal entities incorporated with state participation as regards reregistration of founding documents in compliance with the Russian legislation; a law on legal regulation of...

The U.S standard leverage ratio, which is not as stringent as the U.S Supplementary Leverage Ratio, did not include Off Balance Sheet exposures - unlike the Basel leverage ratio. Hence the 3% Supplementary Leverage Ratio was established as part of measures to facilitate the inclusion of Off...

The Business Indicator approach has been identified by the Basel Committee as the most suitable replacement for the Gross Income approach, since it addresses most of the Gross Income’s weaknesses, as well as possesses certain attributes which were highlighted to have been at the heart of the...

This empirical study investigates determinants of interstate real median home price differentials for the year 2005. While the literature on geographic cost-of-living differentials is well developed, the literature on geographic housing price differentials is much less so. Given the relatively...

In the past, the Hessian Cartel Authority issued orders against water suppliers because they were charging excessively high prices and abused their dominant position. Those decisions were based on an analysis of comparable markets. These orders were upheld by the Federal Surpreme Court (BGH) on...