On the Issue of Performance of Obligations by Parties to Special Investment Contracts

DOI: 10.33917/es-6.198.2024.64-71

Special investment contracts are bilaterally binding agreements that can be amended or terminated at the initiative of either party. Thus, about 10% of special investment contracts concluded with the par ticipation of the Russian Federation under the SPIC 1.0 and SPIC 2.0 models from 2017 to September 2024 were cancelled or terminated. Provisions of more than 25% of concluded special investment contracts were changed at the initiative of the private par ty to the contract, some of them were modified several times. The ar ticle examines the issues of parties’ liability to a special investment contract for non-fulfillment or improper fulfillment of contractual obligations, analyzes dynamics of changes and terminations of concluded SPICs and assesses such phenomena from the point of view of their impact on achieving the goals of public legal entities.

References:

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Special Investment Contract Instrument Reforming

DOI: 10.33917/es-1.167.2020.64-71

In July 2019 the Federal Law of December 31, 2014 N 488-FZ “On industrial policy in the Russian Federation” that determines legal and regulatory basis of the usage of special investment contract instrument (SPIC) was extensively revised. At this moment a package of new secondary legislation is being developed, regulatory framework in the sphere of SPIC is due to be reviewed locally. The article analyses key changes and distinctions between ‘SPIC 2.0’ and the previously used variant of the instrument. In the article there are given the results of SPIC’s application in the previous version during 4-year period. Taking into account that the reviewed changes of the instrument not only clarifies its content and masters its application but also changes subject focus of SPIC one can be talking about complex reforming of the instrument at present time