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Master 2021/2022

Economic and Regulatory Conditions for Foreign Companies Operating in the EU and Asia

Category 'Best Course for Career Development'
Category 'Best Course for Broadening Horizons and Diversity of Knowledge and Skills'
Category 'Best Course for New Knowledge and Skills'
Type: Elective course (International Trade Policy)
Area of studies: Economics
Delivered by: Department of Trade Policy
When: 2 year, 1, 2 module
Mode of studies: distance learning
Open to: students of all HSE University campuses
Master’s programme: International Trade Policy
Language: English
ECTS credits: 4

Course Syllabus

Abstract

In recent decades leading Russian companies began to enter external markets using foreign direct investments and taking control of foreign enterprises. EU market is the most popular foreign market for Russian capital. However, nowadays relations between Russia and the EU are developing in new circumstances hence business operations will take place in absolutely new environment. Russian companies have to take into account new challenges of doing business in EU. These factors define logic of this course. It includes case studies of real cases of entry of Russian companies into market of EU as well as traditional methods.
Learning Objectives

Learning Objectives

  • The purpose of this course is to form students' ideas about, how in the best possible way defend the foreign economic interests of Russian companies, based on the knowledge of the economic and legal conditions of foreign companies activities in the EU market.
Expected Learning Outcomes

Expected Learning Outcomes

  • Be able to make сomparison of EU and Russian competition law
  • Be aware of basic strategy of Russian companies entering the EU market
  • Be aware of cases of applying sanctions and usage procedure of sanctions
  • Be aware of legislature and economic environment of the most prospective markets
  • Be aware of peculiarities of the EU monitoring of competition law compliance in comparison with national law in EU member-states
  • Be aware of possible updating of Russian company’s strategy for entering EU market
  • Be aware of the combination of interests of small and big businesses in EU competition policy
  • Be aware of the competences of the European Commission
  • Be aware of the dynamic of EU economic indices comparing with other regions
  • Be aware of the program for competitive growth of the EU: implications for EU policy towards foreign business
  • Be aware of the prospects for harmonization of Russian and EU economic legislature
  • Be aware of the role of European offshore jurisdictions
  • Be aware of the size of punitive sanctions
  • Know about combination of domestic and external tasks in EU competition policy, also about cooperation with other countries
  • Know advantages of the EU market
  • Know banking procedures in the EU. Features of the law.
  • Know cases of policy of Russian investors
  • Know cases of Russian companies, which are entering the EU market
  • Know peculiarities of EU competition law
  • Know peculiarities of the EU policy against shadow economy
  • Know real cases of EU procedures against competition law infringement
  • Know the description of economic environment for foreign companies on the EU market.
  • Know the description of legal environment for foreign companies on the EU market
  • Know the EU law doing business in the EU, including novelty of ecological legislation and rules of competition
  • Know the issues of development of EU-Russia cooperation in competition policy in new agreement: possible alternatives
  • Know the issues of Russia-EU cooperation in competition policy according to PCA (some results, problems and prospects for cooperation)
  • Know the most important aspects of operation within the European market, with a focus on peculiarities of EU law regarding regulation of activity of foreign business
  • Understand economic reasons to choose EU as a region where to invest
  • Understand the similarities and differences between Russian an EU economic legislature
Course Contents

Course Contents

  • Economic environment for foreign companies on the EU market
  • Legal environment for foreign business on the EU market
  • Peculiarities of EU competition law
  • Combination of interests of small and big businesses, of domestic and external tasks in EU competition policy
  • EU policy against shadow economy. European offshore jurisdictions
  • Comparison of EU and Russian competition law.
  • Russia-EU cooperation in competition policy: problems and prospects
  • EU against competition law infringement cases. Size of punitive sanctions
  • Business environment of the European real estate market. Case study of several countries
  • Basic strategy of Russian companies entering the EU market
  • Updating Russian companies’ strategies for the EU market entry
Assessment Elements

Assessment Elements

  • non-blocking 1st module assessment
  • non-blocking 2nd module assessment
Interim Assessment

Interim Assessment

  • 2021/2022 1st module
  • 2021/2022 2nd module
    0.7 * 1st module assessment + 0.3 * 2nd module assessment
Bibliography

Bibliography

Recommended Core Bibliography

  • Angeli, A., & Di Gregorio, A. (2017). The Eurasian Economic Union and the European Union - Moving Toward a Greater Understanding. [Place of publication not identified]: Eleven International Publishing. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=1479874
  • CRISTESCU, A., & TÎLVĂR, G. (2019). The main factors of economic growth in the European Union. Theoretical & Applied Economics, 26(3), 5–20. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bsu&AN=138993619
  • E. Tyagay. (2016). Russian Business Law. BRICS Law Journal, (2), 176. https://doi.org/10.21684/2412-2343-2016-3-2-176-179
  • Gaffney, J. (2017). Should the European Union regulate commercial arbitration? Arbitration International, 33(1), 81–98. https://doi.org/10.1093/arbint/aiw012
  • Lo Schiavo, G. (2019). The European Banking Union and the Role of Law. Cheltenham, UK: Edward Elgar Publishing. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=2109987
  • Whish, R., & Bailey, D. (2012). Competition Law (Vol. Seventh edition). Oxford: OUP Oxford. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=678105

Recommended Additional Bibliography

  • Caenegem, R. C. van. (2002). European Law in the Past and the Future : Unity and Diversity Over Two Millennia. Cambridge: Cambridge University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=73957