中国企业赴美并购的法律风险及其防范对策
发布时间：2018-09-09 10:19
【摘要】：中国企业在赴美并购过程中总存在着各种各样的法律风险。中国国有企业赴美并购时应高度重视美国的国家安全审查机制,清晰地突出国有企业的商事主体性质。而美国外资委员会引入听证会程序,应充分听取中国投资者的意见,放弃投资保护主义。中国企业要熟悉美国的公司并购规则与治理规则,明确目标公司选择符合本公司及其股东利益最大化的收购要约而并非现金出价最多的要约,是美国公司并购的常态。中美双方加快双边投资保护协定的谈判进程,就企业的国有化条款而言,应采取充分的市场化补偿标准。我国政府鼓励企业赴美并购,可将核准制改为备案制。要加快建立健全海外投资纠纷的仲裁机制,提高我国仲裁机构的国际竞争力。
[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.
【作者单位】： 中国人民大学法学院;
【基金】：教育部2009年人文社会科学重点研究基地重大项目《金融危机背景下的我国公司法现代化研究》(2009JJD82009) 2008年教育部新世纪优秀人才支持计划《弘扬股权文化,完善证券投资者权益保护制度》与中国法学会省部级课题《股份公司类别股份制度研究》[CLS(2011)C19]的部分研究成果
【分类号】：D971.2;DD912.29;DD912.28
本文编号：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.
【作者单位】： 中国人民大学法学院;
【基金】：教育部2009年人文社会科学重点研究基地重大项目《金融危机背景下的我国公司法现代化研究》(2009JJD82009) 2008年教育部新世纪优秀人才支持计划《弘扬股权文化,完善证券投资者权益保护制度》与中国法学会省部级课题《股份公司类别股份制度研究》[CLS(2011)C19]的部分研究成果
【分类号】：D971.2;DD912.29;DD912.28
【相似文献】
相关期刊论文 前10条
1 王仁荣;;“买来”的风险和责任——《海外反腐败法》与并购[J];上海经济;2011年09期
2 ;[J];;年期
3 ;[J];;年期
4 ;[J];;年期
5 ;[J];;年期
6 ;[J];;年期
7 ;[J];;年期
8 ;[J];;年期
9 ;[J];;年期
10 ;[J];;年期
相关会议论文 前1条
1 蔡桂生;;反向子公司并购中的法律问题研究——从美中两国公司并购形态的角度[A];2007年全国法经济学论坛论文集[C];2007年
相关重要报纸文章 前2条
1 本报记者 瞿剑;这家企业究竟能不能卖？[N];科技日报;2003年
2 本报驻美国记者 马小宁;美国拟“大修”金融监管体系[N];人民日报;2010年
相关硕士学位论文 前4条
1 李旭;关于中韩公司并购法律限制性规则比较研究[D];复旦大学;2011年
2 李靖鑫;评析美国判例法中董事注意义务标准及其借鉴意义[D];吉林大学;2010年
3 王一丹;日本公司法新股预约权研究[D];吉林大学;2010年
4 张社;论中国企业在美国实施海外并购的法律风险防范[D];哈尔滨工程大学;2011年
，本文编号：2232103
本文链接：https://www.wllwen.com/falvlunwen/fashilw/2232103.html
