Аңдатпа
Professor Mattei has observed that any legal observation is lacking in analytical value unless the researcher is conscious of the layer of the legal system’s structure at which he is conducting his studies. 1 Legal scholars who have undertaken a study specifically focused on the legislation on foreign investment in the former USSR expressed this succinctly: [i]t is crucial for western investors in the former Soviet Union to exercise caution and to maintain vigilance in undertaking business ventures purely on reliance on the texts of the new legislative acts governing their rights and obligations … The macroeconomic and socio-political dimension of western investment in Russia should be carefully examined in light of current historical trends. 2 In turn, in the course of an analysis of the process of development of commercial law in transitional states, Gray and Hendley stress that the transition in former socialist states is ‘most fundamentally a change in the role of the state’. 3 They argue that the role of the state in the post-Communist context is vital because parties will have stronger incentives to take advantage of legal rights and abide by legal responsibilities primarily to the extent that they depend on the market, rather than the state, for survival. 4 These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.