Kazachenok O.P. Syndicated Lending in List of Legal Mechanisms of Innovative Business Activity
- Olesya P. Kazachenok
- Candidate of Juridical Sciences, Associate Professor, Department of Civil and International Private Law
- Volgograd State University, Base Department of the Southern Scientific Center of the Russian Academy of Sciences
- Prosp. Universitetsky, 100, 400062 Volgograd, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. , This email address is being protected from spambots. You need JavaScript enabled to view it.
Introduction. The present article is intended to facilitate the creation of an adequate system of legal regulation of innovative banking activities in conditions of necessity to organize processes of formation of a new type of national economy.
It is proved that the loan is one of the essential means of promoting the favorable development of innovative entrepreneurship, and legal structure of syndicated lending in favor primary legal mechanism for financing innovative projects expensive. Methods are used in combination – the methods of scientific knowledge, including basic – methods of historicism, systematic analysis and comparative law. Results. In the context of legal research of innovative entrepreneurial activities of banks the author identified actions aimed at creating new or improved banking products, as well as the development and adaptation of different ways to improve the efficiency of the business activities of banks to achieve any economic or strategic effects in banking transactions and signing other transactions. The article examines the advantages and disadvantages of the syndicated loan, the demand for and the scope of applicability of this type of innovative banking products. Studying the legal nature of the syndicated loan is complicated by the multiplicity of persons in the obligation and concluded between the members of the syndicate agreement. The problem of slow development of syndicated lending business entities in Russia is revealed. It is noted that these financial overseas technology is used with respect to a long and successful, and in the Russian syndicated lending is considered innovative banking products. It is concluded that this is due to lack of detailed legal regulation of this area of business relations, as well as poor development of mutual credit partnerships between commercial banks. The author identifies the gaps of the existing legal regulation, the removal of which will contribute to the development of syndicated lending to domestic borrowers and, as a consequence, the growth of the real sector of the national economy as a whole.
Key words: innovative entrepreneurship, entities of innovative entrepreneurship, legal regulation of banking activities, syndicate, consortium, agreement, syndicated loan, innovative banking product.
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