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Enhancement of the Regional Business Legal Structure within the Eurasian Economic Union based on the Use of the European Union’s Experience

Affiliations

  • L. N. Gumilyov Eurasian National University, Astana, Kazakhstan
  • Department of political, Juridical Science and International Studies – University of Padova, Italy

Abstract


Background: The research explains why the regional legal structure is expected to stimulate the creation of new transnational corporations and to contribute to the global competitiveness increase of the Eurasian Economic Union. Methods: The following different methods were used to solve the tasks of the research: the literature research, the comparative legal analysis, the retrospective analysis and logical approach. Findings: The research resulted in the proposals and recommendations for the development of a new regional legal structure within the Eurasian Economic Union based on the most successful international experience. It is obvious that the competitive advantage of the EAEU depends on the productivity of the companies operating in it. The encouragement of the corporate productivity can be achieved by creating the regional business legal structure. This legal structure would facilitate cross-border mergers between strong national companies and encourage competitive governance, which would create favorable environment for the development of business. It eventually would stimulate the shift of the EAEU businesses to the global level. Improvements: The possible enhancement of a new regional business legal structure within the Eurasian Economic Union has never been studied before. Therefore, the research conducted in the frame of this paper is believed to become a theoretical basis for the future studies on transnational corporations within the newly created EAEU. From the practical standpoint, the results of this research might be used for the development of the EAEU corporate law and future amendments to the legislation of its Member States in order to facilitate corporate integration within the region.

Keywords

Cross-border Mergers, Eurasian Economic Union, European Union, National Competitive Advantage, Societas Europaea, Transnational Corporations.

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