证券市场虚假陈述纠纷仲裁制度研究

发布时间：2018-07-13 09:39

【摘要】：我国证券市场的飞速发展,对国民经济的发展起到积极的推动作用,但是我国的证券市场与成熟的证券市场相比,基础仍不牢固,其主要原因是规范化程度还不够,市场法制环境尚不完善,证券市场基础制度尚未稳固,近年来屡发不止的证券侵权纠纷就是最好的证明。自2003年最高人民法院颁布相关司法解释来虽然对虚假陈述侵权案件有了比较科学详尽的解决机制,然而其实效性令人堪忧。于是人们越来越关注于发展且促进多元化纠纷解决的机制,但另辟蹊径也需找对切入点,针对具有特殊性质的虚假陈述所产生的一系列纠纷建立仲裁机制正是基于证券市场最基本的信息披露制度和侵权责任中最基本的诚实信用原则所提出的,只有由浅至深地深入纠纷解决中才能既符合我国的实情又具有操作性。本文共分为四章。第一章追本溯源地从最原始的信息披露制度的概念引出上市公司虚假陈述行为的定义,界定虚假陈述及其构成要件,指出虚假陈述行为与其他证券欺诈行为存在的差异。同时通过对上市公司虚假陈述纠纷的典型案例的讨论,指出此类纠纷具有一系列不同于一般证券争议的特点,分别有所涉及的财产利益重大,内含很强的专业性,往往具有群体性,纠纷事实争议与解决过程复杂。第二章则对各种解决机制,主要包括诉讼机制和仲裁机制进行比较分析,摆出解决机制的现状及问题,作为新生纠纷,传统诉讼模式措手不及,难以全然接纳,仲裁机制尚未被重视,继而成为与诉讼互补的纠纷解决机制。第三章介绍此类纠纷的仲裁制度的概念、特征及优越性,探讨仲裁制度建立的可行性和必要性,引出针对此类纠纷所建立的仲裁制度的特殊性,进一步说明建立和完善该类纠纷的仲裁制度的理念意义和实践意义。第四章主要是对于完善我国虚假陈述纠纷仲裁制度的思考和建议,借鉴证券仲裁制度发达的美国的先进经验,从宏观的制度性建设和微观的仲裁规则制定两个方面分别尝试在结合中国证券市场的大背景下提出可操作性较强的虚假陈述仲裁制度。
[Abstract]:The rapid development of the securities market in our country has played a positive role in promoting the development of the national economy. However, compared with the mature securities market, the basis of the securities market in our country is still not solid, the main reason is that the standardization degree is not enough. The legal environment of the market is not perfect, the basic system of the securities market is not yet firm, and the repeated securities tort disputes are the best proof in recent years. Since 2003, the Supreme people's Court has promulgated relevant judicial explanations to solve the infringement cases of false statements in a more scientific and detailed way, but its effectiveness is worrying. As a result, people are increasingly concerned with the development and promotion of diversified dispute resolution mechanisms, but they also need to find the right entry point for alternative approaches. The establishment of arbitration mechanism for a series of disputes arising from false statements of special nature is based on the most basic information disclosure system of the securities market and the most basic principle of good faith in tort liability. Only from shallow to deep in the dispute settlement can accord with the reality of our country and have the operation. This paper is divided into four chapters. The first chapter introduces the definition of false statement behavior of listed company from the most primitive concept of information disclosure system, defines false statement and its constituent elements, and points out the difference between false statement behavior and other securities fraud. At the same time, through the discussion of typical cases of misrepresentation disputes of listed companies, it is pointed out that these disputes have a series of characteristics different from those of general securities disputes. Often has the group, the dispute fact dispute and the settlement process is complicated. The second chapter makes a comparative analysis of various settlement mechanisms, including litigation mechanism and arbitration mechanism, and presents the present situation and problems of the settlement mechanism. As a new dispute, the traditional litigation mode is unprepared and difficult to fully accept. Arbitration mechanism has not been attached importance to, and then become complementary to litigation dispute resolution mechanism. The third chapter introduces the concept, characteristics and advantages of the arbitration system of such disputes, discusses the feasibility and necessity of the establishment of the arbitration system, and leads to the particularity of the arbitration system established for such disputes. Further explain the conceptual significance and practical significance of establishing and perfecting the arbitration system of this kind of disputes. The fourth chapter is mainly to perfect our country false statement dispute arbitration system ponder and the suggestion, draws lessons from the securities arbitration system developed America's advanced experience, From two aspects of macro institutional construction and micro arbitration rule making, this paper tries to put forward a more maneuverable arbitration system of false statement under the background of Chinese securities market.
【学位授予单位】：兰州大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：D922.287;D925.7

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