Hybrid (mezzanine) financing of legal entities: issues of legal regulation

The article examines hybrid financing instruments as alternatives to equity and debt financing. It analyzes the legal status of investors (legal entities) attracting investments using hybrid instruments, the ratio of hybrid investors and traditional creditors. The author concludes that the development of legal regulation of hybrid financing requires a more careful balancing of the rights and interests of hybrid creditors, participants and creditors under debt obligations.