Экономико-правовые условия деятельности иностранных компаний на рынке ЕС

Магистратура 2020/2021

Статус: Курс по выбору (Международная торговая политика)

Направление: 38.04.01. Экономика

Кто читает: Кафедра торговой политики

Где читается: Институт торговой политики

Когда читается: 2-й курс, 1, 2 модуль

Формат изучения: с онлайн-курсом

Преподаватели: Гальченко Евгений Александрович, Зуев Владимир Николаевич, Канаев Евгений Александрович

Прогр. обучения: Международная торговая политика

Язык: английский

Кредиты: 4

Контактные часы: 44

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Abstract

In recent decades leading Russian companies began to enter external markets using foreign direct investments and taking control of foreign enterprises. EU market is the most popular foreign market for Russian capital. However, nowadays relations between Russia and the EU are developing in new circumstances hence business operations will take place in absolutely new environment. Russian companies have to take into account new challenges of doing business in EU. These factors define logic of this course. It includes case studies of real cases of entry of Russian companies into market of EU as well as traditional methods.

Learning Objectives

The purpose of this course is to form students' ideas about, how in the best possible way defend the foreign economic interests of Russian companies, based on the knowledge of the economic and legal conditions of foreign companies activities in the EU market.

Expected Learning Outcomes

Know the description of economic environment for foreign companies on the EU market.
Be aware of the dynamic of EU economic indices comparing with other regions
Understand economic reasons to choose EU as a region where to invest
Know the description of legal environment for foreign companies on the EU market
Know the EU law doing business in the EU, including novelty of ecological legislation and rules of competition
Know peculiarities of EU competition law
Be aware of peculiarities of the EU monitoring of competition law compliance in comparison with national law in EU member-states
Be aware of the competences of the European Commission
Be aware of the combination of interests of small and big businesses in EU competition policy
Know about combination of domestic and external tasks in EU competition policy, also about cooperation with other countries
Be aware of the program for competitive growth of the EU: implications for EU policy towards foreign business
Know peculiarities of the EU policy against shadow economy
Be aware of the role of European offshore jurisdictions
Know banking procedures in the EU. Features of the law.
Be able to make сomparison of EU and Russian competition law
Understand the similarities and differences between Russian an EU economic legislature
Be aware of the prospects for harmonization of Russian and EU economic legislature
Know the issues of Russia-EU cooperation in competition policy according to PCA (some results, problems and prospects for cooperation)
Know the issues of development of EU-Russia cooperation in competition policy in new agreement: possible alternatives
Be aware of the size of punitive sanctions
Be aware of cases of applying sanctions and usage procedure of sanctions
Know real cases of EU procedures against competition law infringement
Know advantages of the EU market
Be aware of legislature and economic environment of the most prospective markets
Know cases of policy of Russian investors
Be aware of basic strategy of Russian companies entering the EU market
Know cases of Russian companies, which are entering the EU market
Know the most important aspects of operation within the European market, with a focus on peculiarities of EU law regarding regulation of activity of foreign business
Be aware of possible updating of Russian company’s strategy for entering EU market

Course Contents

Economic environment for foreign companies on the EU market
Description of economic environment for foreign companies on the EU market. Dynamic of EU economic indices comparing with other regions. Economic reasons to choose EU as a region where to invest.
Legal environment for foreign business on the EU market
Description of legal environment for foreign companies on the EU market. Necessity of knowledge of EU law doing business in the EU. Novelty of ecological legislation. Rules of competition. Basic issues.
Peculiarities of EU competition law
Competition law of the leading countries in the world. Differences and peculiarities. Peculiarities of EU competition law. Peculiarities of the EU monitoring of competition law compliance in comparison with national law in EU member-states. Competences of the European Commission. Punitive sanctions. Measures against cartel agreements. Suppression of abuse of a dominant position. Regulation of national subsidies. Mergers and acquisitions law in the EU.
Combination of interests of small and big businesses, of domestic and external tasks in EU competition policy
Combination of interests of small and big businesses in EU competition policy. Combination of domestic and external tasks in EU competition policy. Cooperation with other countries. Program for competitive growth of the EU: implications for EU policy towards foreign business. EU directive regarding minority shareholders.
EU policy against shadow economy. European offshore jurisdictions
Peculiarities of the EU policy against shadow economy. The role of European offshore jurisdictions. The law of European micro-states. Banking procedures in the EU. Features of the law.
Comparison of EU and Russian competition law.
New competitive law in Russia. Influence of the EU law and features. Comparison of EU and Russian competition law. The similarities and differences between Russian an EU economic legislature. Prospects for harmonization of Russian and EU economic legislature.
Russia-EU cooperation in competition policy: problems and prospects
Issues of Russia-EU cooperation in competition policy according to PCA. Some results, problems and prospects for cooperation. Issues of development of EU-Russia cooperation in competition policy in new agreement: possible alternatives.
EU against competition law infringement cases. Size of punitive sanctions
Size of punitive sanctions. Cases of applying sanctions. Usage procedure of sanctions. Real cases of EU procedures against competition law infringement.
Business environment of the European real estate market. Case study of several countries
Study of advantages of the EU market. Legislature and economic environment of the most prospective markets. Case study of policy of Russian investor.
Basic strategy of Russian companies entering the EU market
Detailed review of home assignments using case study of Russian companies, which are entering the EU market.
Updating Russian companies’ strategies for the EU market entry
The most important aspects of operation within the European market, with a focus on peculiarities of EU law regarding regulation of activity of foreign business. Possible updating of Russian company’s strategy for entering EU market.

Assessment Elements

Participation in the discussions and responses in the class
Power point presentation on the chosen topic
Essay
Exam
Participation in the discussions and responses in the class
Power point presentation on the chosen topic
Essay
Exam

Interim Assessment

Interim assessment (2 module)
0.3 * Essay + 0.4 * Exam + 0.15 * Participation in the discussions and responses in the class + 0.15 * Power point presentation on the chosen topic

Bibliography

Recommended Core Bibliography

Angeli, A., & Di Gregorio, A. (2017). The Eurasian Economic Union and the European Union - Moving Toward a Greater Understanding. [Place of publication not identified]: Eleven International Publishing. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=1479874
CRISTESCU, A., & TÎLVĂR, G. (2019). The main factors of economic growth in the European Union. Theoretical & Applied Economics, 26(3), 5–20. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bsu&AN=138993619
E. Tyagay. (2016). Russian Business Law. BRICS Law Journal, (2), 176. https://doi.org/10.21684/2412-2343-2016-3-2-176-179
Gaffney, J. (2017). Should the European Union regulate commercial arbitration? Arbitration International, 33(1), 81–98. https://doi.org/10.1093/arbint/aiw012
Lo Schiavo, G. (2019). The European Banking Union and the Role of Law. Cheltenham, UK: Edward Elgar Publishing. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=2109987
Whish, R., & Bailey, D. (2012). Competition Law (Vol. Seventh edition). Oxford: OUP Oxford. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=678105

Recommended Additional Bibliography

Caenegem, R. C. van. (2002). European Law in the Past and the Future : Unity and Diversity Over Two Millennia. Cambridge: Cambridge University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=73957

Course Syllabus