Peculiarities of protecting the rights of participants of financial markets in court

Abstract

The authors study peculiar features for protection of rights in financial market by court of law. The authors highlight an importance of immediate response to arising disagreements in financial legal relations and the necessity for an appropriate reaction to them. Financial markets are designated a wide veriety of areas for circulation and distribution of economic goods between the entities. The article pays attention to points of current reform for procedural legislation, which so-termed in academic community as a “procedural revolution”. Taking into account that the purpose of law is to ensure an economic basis performance as well, the authors thoroughly analyzed a case law in the Russian Federation system of commercial and general courts on legal status of crypto currency and its use. In this regard, official standpoints of the highest bodies of state authorities are announced and some categories of cases under study are provided. The authors expressed their own opinions about high risk in virtual currency circulation: both from the point of possible loss of funds, and difficulties with futher judicial protection of infracted interests. Scientific research also touched upon such notion elaborated by regulatory enforcement as a “consumer extremism”: an issue is revealed, solutions are offered. The authors also gave opinions that to ensure free free market performance and proper protection of their participants’ rights, today it is very important to raise financial and legal literacy of citizens in our country.