Corporate Rules: their Legal Nature, Features, Sanctions and Relationship with Legislation Rules

Abstract

The article describes an autonomous approach to the understanding of corporate standards that amounts to an attempt to deny the Soviet approach to understanding corporate (local) rules, when the State act as the only one rule-maker. The author proves the legal nature of corporate rules and identifies their main features, gives a theoretical characteristic of corporate sanctions and their types, and also compares corporate and legislative norms. On the basis of the study, the author concludes that the theory of law should review a lot of questions the answers to which will let us talk about a paradigm shift in the science of law.