CEU eTD Collection (2013); Figurov, Pavel: INVESTMENT PROPERTY AS COLLATERAL: THE UNITED STATES VS RUSSIAN FEDERATION

CEU Electronic Theses and Dissertations, 2013
Author Figurov, Pavel
Title INVESTMENT PROPERTY AS COLLATERAL: THE UNITED STATES VS RUSSIAN FEDERATION
Summary This thesis aims to analyze the existing rules on using investment property as collateral in the United States and Russia, to find differences and similarities, and to make propositions, if necessary, on amendment of Russian secured transactions law concerning investment property on the base of UCC Articles 8 and 9.
This thesis discusses the definition of investment property under UCC Article 9, procedure of creation and perfection of a security interest in investment property, as well as priority and enforcement rules according to the UCC; and compares them with relevant provision of Russian secured transactions and securities law. Eventually, this thesis shows that not all categories and rules used by the UCC are can be and should be transplanted to Russian legislation.
As the result, this thesis takes the position, that, despite of substantial differences, regulation of using investment property as collateral in the United States and Russia has a lot in common. In some aspects UCC rules are more elaborated and should be borrowed by the Russian legislator (for example, in case of uncertificated securities and public notice requirement), nevertheless, in several cases Russian Law provides even better solutions.
Supervisor Tajti, Tibor, S.J.D.
Department Legal Studies LLM
Full texthttps://www.etd.ceu.edu/2013/figurov_pavel.pdf

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