NOTION OF THE SOVEREIGN WEALTH FUNDS: LEGAL ASPECTS
Subject / topic Social relations arising during the establishment and functioning of the sovereign wealth funds. Goals / objectives Analysis of the approaches towards the definition of sovereign wealth funds proposed in the Russian and international doctrine and practice. Identification of the legal nature of the sovereign wealth funds as a unique type of sovereign investors. Development of a definition of the sovereign wealth funds for the purposes of legal regulation. Methodology General scientific and special methods of scientific knowledge: analytical, comparative, systemic, logical, as well as methods of analysis, synthesis, analogy and others. Conclusion and Relevance Most of the definitions contained in the studies and documents of international organizations do not take into account the specifics of the legal nature of the sovereign wealth funds and are not sufficiently capacious and (or) accurate. The definition of the sovereign wealth funds must be formulated while recognizing the key goal of legal regulation of their activities - minimizing the sovereign risks of the host state when investing in strategically important companies by a foreign sovereign wealth fund. The definition proposed in this study will help build the foundations for the effective regulation of sovereign wealth funds and subsequent classification of the sovereign wealth funds.