PRIVATE FINANCE LAW: CONCEPT, STRUCTURE, AND PLACE IN THE LEGAL SYSTEM

In the article, the author explores the concept of private finance law, outlines its structure, and defines its place within the system of positive law. The author identifies legal relations as the primary criterion for classification, specifically focusing on what unites them within the subject of legal regulation. According to the author, private finance law constitutes a set of legal norms that model legal relations (legal constructs) in the realm of private finance. The author distinguishes between the general and special parts of this legal field, with each part further divided into institutions. The general part encompasses institutions based on types of legal relations, while the special part focuses on areas where various models of these legal relations intersect. The author argues that private finance law is neither a component of civil law nor financial law. Instead, it is a complex normative formation distinguished by legal relations within the corresponding sector of the national economy. It falls under the domain of economic law. The author concludes that there is currently no basis for codifying legislation on private finance.