Provisions on Compensation for Losses in Local Regulatory Acts of Corporate Entities and Legal Customs

The borrowing of foreign legal structures into Russian civil and business legislation also affected the institution of compensation for losses. The article analyzes the provisions of the private law institution of compensation for losses, primarily used by participants in civil and commercial turnover in contractual relations. The paper examines the possibility of using this institution when approving local acts of a corporate organization (charter, internal regulations and other internal documents), as well as when adopting legal customs in writing (for example, rules for interpreting trade terms, customs of seaports). The study covers the prospects for applying the institution of compensation for losses in the field of entrepreneurship in general. Additionally, the author examines the sphere of the military-industrial complex where the public interests of the state are clearly demonstrated. In conclusion, it is proposed to use the institution of compensation for losses in the field of local rule making and in the formulation of legal customs. As a general conclusion, it is proposed to supplement domestic civil and business legislation with a rule of law that allows including provisions on compensation for losses in the sources of law under consideration, and not only in the agreements made between the parties.

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