企业重整中的商业银行债转股
发布时间：2019-07-03 13:44
【摘要】：在债务困境企业的挽救中,债转股是一种传统的市场化、常态化的法律手段。国务院在《关于积极稳妥降低企业杠杆率的意见》和《关于市场化银行债权转股权的指导意见》中强调要遵循法治化原则、按照市场化方式有序开展债转股。企业重整中的债转股具有债权出资与债务清偿双重法律性质。债转股是不受重整集体清偿程序限制的权利,是否转股应当由每一个银行债权人个别同意决定,它不属于债权人会议的职权范围,不受债权人会议少数服从多数表决机制的约束,在未经其同意的情况下也不受重整计划以及法院批准包括强制批准重整计划裁定的限制。在债转股方案中,必须制订合理的债务清偿方案供不接受债转股的债权人自愿选择。能够在重整程序中破坏市场化、法治化债转股的,唯有地方政府的行政权力,地方政府在企业重整中所要达到目标与破产法的立法目标可能存在差异,约束地方政府行政权力的滥用是保障破产法以及债转股正确实施的关键。
[Abstract]:In the rescue of enterprises in debt distress, debt-to-equity swap is a traditional market-oriented and regular legal means. In the opinions on actively and steadily reducing the leverage ratio of Enterprises and the guiding opinions on the conversion of creditor's Rights to Equity of Market-oriented Banks, the State Council emphasizes that debt-to-equity swap should be carried out in an orderly manner in accordance with the principle of rule of law. Debt-to-equity swap in enterprise restructuring has the dual legal nature of creditor's rights contribution and debt repayment. Debt-to-equity swap is a right that is not restricted by the reorganization collective liquidation procedure. Whether or not the conversion should be decided by the individual consent of each bank creditor should be decided by the individual consent of each bank creditor. It does not belong to the terms of reference of the creditors' meeting, is not bound by the minority obeying the majority voting mechanism of the creditors' meeting, and is not subject to the restriction of the reorganization plan and the court approval, including the compulsory approval of the reorganization plan, without its consent. In the debt-to-equity swap scheme, a reasonable debt settlement scheme must be formulated for the voluntary choice of creditors who do not accept debt-to-equity swap. Only the administrative power of the local government can destroy the marketization and legalize the debt-to-equity swap in the reorganization process. There may be differences between the objectives of the local government in the reorganization of enterprises and the legislative objectives of the bankruptcy law. Restricting the abuse of the administrative power of the local government is the key to ensure the bankruptcy law and the correct implementation of the debt-to-equity swap.
【作者单位】： 中国人民大学法学院;中国人民大学破产法研究中心;
【基金】：司法部2015年度国家法治与法学理论研究一般项目“破产重整制度研究”(15SFB2025)
【分类号】：D922.291.92
[Abstract]:In the rescue of enterprises in debt distress, debt-to-equity swap is a traditional market-oriented and regular legal means. In the opinions on actively and steadily reducing the leverage ratio of Enterprises and the guiding opinions on the conversion of creditor's Rights to Equity of Market-oriented Banks, the State Council emphasizes that debt-to-equity swap should be carried out in an orderly manner in accordance with the principle of rule of law. Debt-to-equity swap in enterprise restructuring has the dual legal nature of creditor's rights contribution and debt repayment. Debt-to-equity swap is a right that is not restricted by the reorganization collective liquidation procedure. Whether or not the conversion should be decided by the individual consent of each bank creditor should be decided by the individual consent of each bank creditor. It does not belong to the terms of reference of the creditors' meeting, is not bound by the minority obeying the majority voting mechanism of the creditors' meeting, and is not subject to the restriction of the reorganization plan and the court approval, including the compulsory approval of the reorganization plan, without its consent. In the debt-to-equity swap scheme, a reasonable debt settlement scheme must be formulated for the voluntary choice of creditors who do not accept debt-to-equity swap. Only the administrative power of the local government can destroy the marketization and legalize the debt-to-equity swap in the reorganization process. There may be differences between the objectives of the local government in the reorganization of enterprises and the legislative objectives of the bankruptcy law. Restricting the abuse of the administrative power of the local government is the key to ensure the bankruptcy law and the correct implementation of the debt-to-equity swap.
【作者单位】： 中国人民大学法学院;中国人民大学破产法研究中心;
【基金】：司法部2015年度国家法治与法学理论研究一般项目“破产重整制度研究”(15SFB2025)
【分类号】：D922.291.92
【参考文献】
相关期刊论文 前3条
1 周万阜;;理性看待和实行债转股[J];中国金融;2016年08期
2 樊志刚;金昱;;实施债转股的原则与条件[J];中国金融;2016年08期
3 王亦平;“债转股”实施中的若干法律问题研究[J];法学评论;2000年04期
相关重要报纸文章 前3条
1 李曙光;;债转股应遵循六个法治原则[N];经济参考报;2016年
2 王欣新;;破产重整不是损害债权人的制度[N];经济参考报;2016年
3 王欣新;;谈债务困境企业的商业银行债转股[N];人民法院报;2016年
【共引文献】
相关期刊论文 前10条
1 韩l毲，
本文编号：2509437
本文链接：https://www.wllwen.com/falvlunwen/jingjifalunwen/2509437.html
