IMPROVEMENT OF ECONOMIC LEGISLATION OF UKRAINE AT THE MODERN STAGE (EUROPEAN EXPERIENCE)

Анотація

Modernization, improvement (reform) of legal regulation of relations in the sphere of economy have acquired particular relevance in connection with such problems as the abolition of the Commercial Code of Ukraine, the expected renewal of Ukraine, as well as preparation for accession to the EU. The article substantiates the idea that the abolition of the code harmonizes Ukrainian legislation with European standards. It is illustrated that in many civilized countries such codes actually exist, are called commercial or entrepreneurial, as evidenced by the commercial codes of France, Turkey, Estonia, Latvia, the commercial company code of Portugal, the entrepreneurial codes of Austria, the Republic of Kazakhstan, etc. In Germany, the code regulating economic relations is really called commercial, the German Commercial Code. Emphasizing the further improvement of legal regulation in the economic sphere in Ukraine, in the direction aimed at harmonizing the relevant legal norms with the standards of the European Union, the authors cite, as an example, the Law “On Ensuring Transparency in the Extractive Industries”. It is substantiated that it is thanks to clear legal regulation of the most problematic issues, in particular, transparency, corruption, etc., that investors will have confidence in the longevity of projects, achieving political stability in Ukraine, control over corruption, and creating a transparent legal environment for investors.