Finance and Management - rubric Comments on legislation
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Finance and Management
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MAIN PAGE > Journal "Finance and Management" > Rubric "Comments on legislation"
Comments on legislation
Mamontova S., Parkina D., Kolpakova O., Kobanenko T. - pp. 45-54

DOI:
10.25136/2409-7802.2020.2.33317

Abstract:
Mel'nichenko S.V. - Subjects of legal relations emerging from bank guarantee in the contractual system pp. 81-90

DOI:
10.25136/2409-7802.2020.1.32208

Abstract: The object of this research is the parties of relations of bank guarantee within the contractual system. The subject of this research is the legal position of the parties of the relations pertaining to provision bank guarantee in the sphere of procurement. In the process of examining the status of the parties of relations in bank guarantee within the contractual system, the author examines the normative legal acts that establish requirements and boundaries for parties of the relations pertaining to guarantee commitment in the sphere of procurement. Throughout the process of studying the status of subjects of guarantee commitments in the sphere of procurement, special attention is given to the requirements imposed on the guarantor, beneficiary, and principal in the contractual system. The main conclusions consist in the requirements established by the Law on Contractual System and other normative legal acts restricting the list of persons authorized to act as a guarantor, beneficiary, and principal of bank guarantee in the sphere of procurement. It is determined that such requirements are characteristic to the guarantee commitment in the sphere of procurement.
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