Abstract
The question in the title of this article is not necessarily rhetorical. Perhaps a more appropriate inquiry is, does Russia need its current securi- ties law?' The response to the titular question is, as I will argue, clearly yes. The answer to the second question is to a large extent negative. Given the prevailing economic conditions in Russia, the course of enterprise pri- vatization, and the principal institutions shaping Russian capital markets, there is good reason to think that rather than assisting the growth and en- trenchment of a market in securities, much of the current Russian securities legislation will be superfluous and possibly hinder such growth.
Recommended Citation
Greg Lumelsky,
Does Russia Need a Securities Law?,
18
Nw. J. Int'l L. & Bus.
111
(1997).
https://scholarlycommons.law.northwestern.edu/njilb/vol18/iss1/8
