The legal dimension of the globalizing worldprompts a rethinking of the whole system of legal regulation of internationalrelations in various spheres in connection with the emergence of new subjectsof world economic communication at both national and supranational levels. Inthe context of globalization, a new phase in corporate construction arose, andmodern forms and methods of legal regulation of a new geo-economic world orderare being sought. At the same time, we mean a new class of treaties, conventions,framework `laws-doctrines` which define a new approach of taking into account theinterests of participants in the world reproduction process, theirresponsibility in the global transformation of the world economy. Since theglobalization processes were most clearly manifested in the economic space,giving rise to a new understanding of the world market and the category of`geo-economics` 1, the significance of the development of transnational law cannot be overestimated. In the course of theglobalization of the economy, national enterprises, exchanges, and banks,creating subsidiaries abroad and acquiring shares and shares of foreignenterprises, are increasingly transformed into transnational companies thatincrease the scale of the cross-border capital overflow.
Such enterprises, onthe one hand, have a “national identity” of the state ofregistration, on the other – by the nature of their interests and areas ofactivity they become transnational. At the same time, a multi-national capitalstructure inevitably acquires transnational character and, objectively, becomesthe foundation for the further globalization of the world economy. As a result, theeconomic borders between states are blurred, the cross-border movement ofcapital, goods, and services free from national barriers, is expanding,contributing to the formation of an interconnected international economicspace.