The Legal Status and Responsibility of the State Corporations in the Russian Federation

Abstract

An important feature of the activities of corporations with government participation is a unique legal status that provides breakes and allows to pursue the dominant policy in a number of industries of strategic importance and of innovative nature for the country. The priority was the concept of special and not contractual nature of corporate relations. The result of decided difference was large-scale changes in the legislation of the Russian Federation on legal entities. The changes affected not only the Civil Code of the Russian Federation but also the Federal law of 08.02.1998 No. 14-FL “On limited liability companies" (The Federal law from 08.02.1998 No. 14-FL (edit. on 05.05.2014) "About societies with limited liability", 2014), the Federal law dated 26.12.1995 No. 208-FL "On joint stock companies" (Federal law dated 26.12.1995 No. 208-FL (edit. on 22.12.2014) "On joint stock companies", 2014). The article discusses some of the characteristic features of the organizational-legal form, powers and functions of the state Corporation, legal differences corporations and business entities. In addition, the form of ownership, as well as the issues of exclusion of civil liability of the state Corporation are considered.

DOI: 10.5901/mjss.2015.v6n3p200