Regulatory Reform in the Energy Industry of Transition Countries
Article from: OGEL Archive issue , in Economic and Commercial Context for Oil, Gas and Energy Law
Summary
This paper analyses the issues of regulatory reform in the energy industry of post-Soviet countries. We identify the characteristics of the transformation that these countries go through: it is the introduction of a) a new legal culture and b) a capitalist rationality of production in societies embedded in a post-Soviet institutional context. We identify existing models to which these countries' regulations could adhere. Though claiming to adopt an Anglo-Saxon approach, one observes in reality the emergence of a specific, post-Soviet regulatory model, characterized by ...