Economic law

Economic law

In the legal system of the Soviet Union, economic law was the legal theory and system under which economic relations were a legal discipline independent of criminal law and civil law. Ferdinand Joseph Maria Feldbrugge, Gerard Pieter van den Berg, William B. Simons (1985) "Encyclopedia of Soviet Law", "BRILL", ISBN 9024730759] O. S. (Olimpiad Solomonovich) Ioffe, Mark W. Janis (1987) "Soviet Law and Economy", Martinus Nijhoff Publishers, ISBN 9024732654] In the Law of the United States and some other legal systems this approximately corresponds to the commercial law (business law).

Economic law in the Soviet Union

In the Soviet legal system, the purpose of the economic law is to regulate the relations arising from the economic activities. The theory of the independence of the economic law was pursued after the 21st Congress of the CPSU of 1959, with the principial proponent being V.V. Laptev. After debate, this position was codified by the decrees of the CPSU and the USSR Council of Ministers during 1970-1975 and finalized in the 1977 Soviet Constitution.

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