ARCHIMANDRITOVA M.A. Financial Liability of the Parties of Labour Relationship under the Legislation of the Russian Federation and the Republic of Belarus

Abstract: In the article the legislation on financial liability of the parties of a labour relationship under the legislation of the Russian Federation and Republic of Belarus is compared with regard to the guidelines provided by the Concept of the Model Labour Code. The author pays particular attention to the generalities of both Labour Codes, facilitating the approximation of the legislation under study of both countries, and the differences preventing such approximation. The guidelines of the Concept of the Model Labour Code and their practical realization within the framework of the national legislation are also touched upon. Key words: comparative law, Model Labour Code, approximation of the legislation, Russian Federation, the Republic of Belarus, damage, liability, employee, employer, level