Developing the institution of cross-border insolvency in terms of increasing the investment attractiveness of the Russian Federation
Importance An independent court system and stable and adequate legislation determine the national investment attractiveness. It gets especially relevant for regulating insolvency matters. Whereas foreign businesses operate in Russia, it requires considering international laws on insolvency of businesses. Thus unified laws and implementation of international laws will secure the investors’ rights and interests and increase the investment attractiveness of the Russian Federation. Objectives The research seeks for ways of improving the investment climate in the Russian Federation by amending the existing laws, regulating the insolvency procedure and considering the presence of foreign business. Methods The research applies methods of comparison, analysis and dialectics, focusing on regulation of cross-border insolvency procedures. Conclusions and Relevance Considering sanctions, relevant restrictions and negative phenomena in the Russian economy, a versatile model of cross-border solvency may become one of the tools to increase the investment attractiveness of the State. The model will help protect investors’ interests when they are involved in insolvency procedures.