A Comparative Study of The Nature of the Venture Capital Fund

Document Type : Academicm and Research

Authors

1 Professor of Jurisprudence and Law, Institute of Islamic Systems, Research Institute of Islamic Culture and Thought, Qom, Iran.

2 Associate Professor, Law Department, Faculty of Humanities, University of Science and Culture, Tehran, Iran.

3 PhD Graduate of Private Law, Faculty of Humanities, University of Science and Culture, Tehran, Iran .

Abstract

Venture capital is one of the new methods of financing, the operating mechanism of which is done in the form of a “venture capital fund”. The subject of this method of financing is investing in assets based on innovative ideas and financing investable companies. The necessity of explaining the nature of this financial institution is important because understanding the rulings and their effects is influenced by knowing its nature. Meanwhile, looking at the systems ahead in this field can pave the way for the internal legal system. To this end, the present study, with an approach to the British legal system as one of the pioneers in this field, has investigated the nature of a venture capital fund. Recruiting an analytical-descriptive design, findings revealed that the nature of the financial institute is in the comparative dimension of the type of partnership- in contrast to other common organizations and business structures in that country- and among the types of partnerships, it also falls into the category of limited partnerships; however, from the domestic law perspective, it is one of the examples of non-commercial for-profit organizations and institutes. 

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References

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