About the Concept and Participants of Public and Private Partnership

Abstract

Public and private partnership is a modern institution of attracting government investment from concerned business representatives. Such interaction between public and private partners allows achieving economic success in the changing macroeconomic environment. The article is concerned with analysis of the public and private partnership institution. The concept of the dual legal nature of public and private partnership is grounded. The paper analyzes the existing legislation in this area, as well as the case law in the private partners rights and interest’s protection framework. The author considers the Government of the Russian Federation main powers in the public and private partnership field. The conclusion that the non-profit legal persons also can become a private partner is drawn up. The historical experience of the public and private partnership institution formation is given. The article articulates the concept of public and private partnership. The author talks about the dual nature of public and private partnerships.