Our system of law is not an Anglo-American, but European continental one, which is based, so to speak, on the statute law, not a judicial precedent. Is it good or bad? Judicial precedent does surely have certain advantages: for example, it promotes the stabilization of judicial practice in the long run, but it also has certain disadvantages, and, most importantly, we do not have yet any grounds for introducing the law of precedents neither in customs nor in judicial practice,  because we have very clear principle of judge’s independence in the judicial process – this is a constitutional principle, from which it follows that a judge when deciding an issue determines by himself what to rely upon in adopting his decision. And in the first place he should be guided by statute. (Full version.)