Question: 6

Discuss with examples how countries like Russia or china; utilize the legal concepts of other

countries to develop their own legal systems and analyses how they might be applied.

Answer:

Business raiders:

Business raiders legitimately take over struggling or weak businesses in the West. In Russia,

robbers prey on thriving or healthy businesses and seize them primarily through unlawful ways.

In developed market economies, raiding or a hostile acquisition refers to the purchase of stock in

a publicly traded company to gain control over it in the future, regardless of the wishes or

intentions of the company's owners and managers. It typically occurs without the use of force,

the filing of criminal charges, the creation of false bankruptcies, the forging of documents, or the

corruption of public officials.

Company's shares:

After acquiring enough of a company's shares to establish control, a new shareholder can sell the

company's assets in small increments for much more than they paid for the shares. The modern

Russian raiders' actions have nothing to do with the definition of the word "hostile acquisition" at

all. Russian-style raiding denotes the unlawful taking of property from its rightful owners. After

exhausting all legal or ostensibly legal possibilities, a raider examines criminal options and, by

any means necessary, employs them to seize the assets of its target company (Russian style

raiding, pg 2).
Illegal methods are classified according to criminal law:

Here, illegal methods are classified according to criminal law, ranging from minor offenses to

serious ones. The minister claimed that robberies were frequent worldwide. "However, there are

various types of raiding. Raiders are legal because they assist capital work more efficiently by

clearing the market and redistributing ineffective goods. However, raiding is illegal here. In

Russia, raiding has an impact on useful property. Semi-criminal organizations grab valuable,

profitable property with the help of dishonest bureaucrats, the minister declared following a

Cabinet meeting, confirming the plan for the expansion of corporate legislation.

Thus, we can draw the conclusion that in Russia, a corporate raid first and foremost entails the

illegal seizure of property. This is the most accurate description of what the invading companies

do. The raiders are typically not armed with pistols or submachine guns (although this does

occasionally happen), but rather with documents or seals. Practice has shown that these limbs

can be just as effective as real ones.

The raiders' strategies and methods are evolving. We can use the following quote from a former

Russian intelligence officer from an interview with The Guardian as an extremely vivid example:

In the early 1990s, when someone opened a store, robbers would come by and offer protection in

exchange for cash, the man recalled. Those who didn't pay had their businesses shut down. "The

police and FSB have now taken the position of these outlaws. I'm not referring to regular guys

but those with solid connections. The methods and tactics of the raiders are changing. As an

awfully distinctive example, we can cite the words of a former Russian intelligence officer (IS

THERE THE RULE OF LAW IN RUSSIA? THE CASE OF CORPORATE, definition, pg 2)

"When somebody opened a shop within the beginning of the '90s, bandits would visit him to

offer security in exchange for cash," he said. Those who denied to pay misplaced their
businesses. "Presently, these bandits have been replaced by the police and FSB. I'm not talking

approximately ordinary guys, but individuals who have great links" (The Scope and Methods of

Corporate Raiding in Russia, pg 3)