中國企業(yè)赴美并購的法律風險及其防范對策
發(fā)布時間:2018-09-09 10:19
【摘要】:中國企業(yè)在赴美并購過程中總存在著各種各樣的法律風險。中國國有企業(yè)赴美并購時應高度重視美國的國家安全審查機制,清晰地突出國有企業(yè)的商事主體性質。而美國外資委員會引入聽證會程序,應充分聽取中國投資者的意見,放棄投資保護主義。中國企業(yè)要熟悉美國的公司并購規(guī)則與治理規(guī)則,明確目標公司選擇符合本公司及其股東利益最大化的收購要約而并非現(xiàn)金出價最多的要約,是美國公司并購的常態(tài)。中美雙方加快雙邊投資保護協(xié)定的談判進程,就企業(yè)的國有化條款而言,應采取充分的市場化補償標準。我國政府鼓勵企業(yè)赴美并購,可將核準制改為備案制。要加快建立健全海外投資糾紛的仲裁機制,提高我國仲裁機構的國際競爭力。
[Abstract]:Chinese enterprises always have various legal risks in the process of M & A in the United States. China's state-owned enterprises should attach great importance to the national security review mechanism of the United States when they go to the United States for mergers and acquisitions, and clearly highlight the nature of the commercial subject of the state-owned enterprises. The US Foreign Investment Commission should fully listen to the opinions of Chinese investors and abandon investment protectionism. Chinese enterprises should be familiar with the rules of merger and acquisition and the rules of governance in the United States, and make it clear that the target company should choose the offer that is in line with the maximization of the interests of the company and its shareholders, rather than the offer with the largest cash offer, which is the norm of American mergers and acquisitions. China and the United States should speed up the negotiation process of bilateral investment protection agreements, and should adopt adequate market-oriented compensation standards as far as the nationalization clauses of enterprises are concerned. Our government encourages enterprises to go to the U. S. M & A, the approval system can be changed to the record system. It is necessary to speed up the establishment and perfection of arbitration mechanism for overseas investment disputes and improve the international competitiveness of China's arbitration institutions.
【作者單位】: 中國人民大學法學院;
【基金】:教育部2009年人文社會科學重點研究基地重大項目《金融危機背景下的我國公司法現(xiàn)代化研究》(2009JJD82009) 2008年教育部新世紀優(yōu)秀人才支持計劃《弘揚股權文化,完善證券投資者權益保護制度》與中國法學會省部級課題《股份公司類別股份制度研究》[CLS(2011)C19]的部分研究成果
【分類號】:D971.2;DD912.29;DD912.28
本文編號:2232103
[Abstract]:Chinese enterprises always have various legal risks in the process of M & A in the United States. China's state-owned enterprises should attach great importance to the national security review mechanism of the United States when they go to the United States for mergers and acquisitions, and clearly highlight the nature of the commercial subject of the state-owned enterprises. The US Foreign Investment Commission should fully listen to the opinions of Chinese investors and abandon investment protectionism. Chinese enterprises should be familiar with the rules of merger and acquisition and the rules of governance in the United States, and make it clear that the target company should choose the offer that is in line with the maximization of the interests of the company and its shareholders, rather than the offer with the largest cash offer, which is the norm of American mergers and acquisitions. China and the United States should speed up the negotiation process of bilateral investment protection agreements, and should adopt adequate market-oriented compensation standards as far as the nationalization clauses of enterprises are concerned. Our government encourages enterprises to go to the U. S. M & A, the approval system can be changed to the record system. It is necessary to speed up the establishment and perfection of arbitration mechanism for overseas investment disputes and improve the international competitiveness of China's arbitration institutions.
【作者單位】: 中國人民大學法學院;
【基金】:教育部2009年人文社會科學重點研究基地重大項目《金融危機背景下的我國公司法現(xiàn)代化研究》(2009JJD82009) 2008年教育部新世紀優(yōu)秀人才支持計劃《弘揚股權文化,完善證券投資者權益保護制度》與中國法學會省部級課題《股份公司類別股份制度研究》[CLS(2011)C19]的部分研究成果
【分類號】:D971.2;DD912.29;DD912.28
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