title: Security transfer of title in the form of a sale and repurchase agreement (repo)
metadata.name: dc.contributor.author
metadata.value: Pravyashchy, Pavel A.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2023-02-07T16:49:26Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2023-02-07T16:49:26Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2022-06
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Pravyashchy, Pavel A. 2022. Security transfer of title in the form of a sale and repurchase agreement (repo). Pravovedenie 66 (2): 193–218. https://doi.org/10.21638/spbu25.2022.204 (In Russian)
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu25.2022.204
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/39027
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: In the article the sale and repurchase agreement (repo) and the purpose of its conclusion are
  examined. Among others, the credit and collateral purpose of the contract is highlighted. It is
  recommended to distinguish the repo with the purpose of title financing from the agreement
  concluded with another purpose. In this regard, the signs that indicate the credit and collateral
  purpose of the contract are proposed. Then the structure of obligations in repo transaction is
  described as well as requirements to its subjects and object. The article contains the analysis of
  arbitrazh (commercial) courts practice on disputes related to repo. Some of the problems faced
  by courts are discussed, including the recharacterization of repo as a pledge over securities.
  Certain issues related to repo are examined using the example of the case considered by the
  Supreme Court of the Russian Federation. While evaluating the court decisions of the case the
  norms to be applied to the contract are defined. The specific rules on repo are compared with
  the norms on loan and pledge. As a result of the comparison, it is concluded that the norms on
  repo in their interpretation in accordance with the credit and collateral purpose of the contract
  achieve a balanced regulation of the relations and at the same time have regard to the particularity
  of the securities market. It is also concluded that the norms on loan and pledge should not
  be applied to repo. At the end of the article, it is recommended that in the repo dispute the legal
  approaches to the other title-finance devices should be applied. In this respect some examples
  when the legal approaches to finance lease have been applied to repo in the practise of the
  Supreme Court of the Russian Federation are noted.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Pravovedenie;Volume 66; Issue 2
metadata.lang: -
metadata.name: dc.subject
metadata.value: sale and repurchase agreement
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: repo
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: title security
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: security transfer of title
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: pledge
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: recharacterization
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Security transfer of title in the form of a sale and repurchase agreement (repo)
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 14646-Article Text-48455-1-10-20221027.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/39027/1/14646-Article%20Text-48455-1-10-20221027.pdf
resources.format: Adobe PDF
resources.size: 755,07 kB