| 中国自1978年改造开放，1993年走上社会主义市场经济途径以来，今朝曾经生长为世界第二经济年夜国，中国公司经由过程赓续推动跨国并购，活着界并购舞台上曾经逐步成为配角。韩国从1997年金融危机今后，抓紧公司并购方面的各类规制，企业并购停顿也较为敏捷。在此进程中，很多外资企业和投契本钱并购韩国公司，同时也产生了国富流掉的成绩。中韩两国，自1992年建交以来在政治、经济、文明等各个范畴的交换与协作获得了使人可喜的结果。今朝，中国已成为韩国的首位投资国度和商业国度，韩国同样成为中国的第三位商业同伴，而且两国正努力于双边商业区商量。在此潮水下，往后两国企业之间的并购也会迅猛增长。是以研究剖析中韩企业并购司法标准的限制性规制，具有较年夜的实际意义和适用价值。在中韩企业并购司法标准上，对于企业并购司法行动的限制性规制的焦点成绩包含：针对收买人的收买行动停止的持股权益表露轨制与要约收买轨制、针对收买人的要约收买行动而目的企业所采用的反收买办法规制、针对外资并购停止的限制性规制与国度平安审查轨制、对因企业并购而产生的运营者集中规制等。对于这些限制性规制，中韩两国均自创美国、欧洲和日本等蓬勃国度的司法，在规制的内容和构造上，其规制的焦点内容年夜致分歧。然则，在司法的过细内容和详细实用法式上，因两国的司法配景与经济状态的分歧而存在一些差别。从全体并购司法的框架和内容来看，中国相干司法标准在各个条理上都比拟丰硕，当局对企业并购行动停止比拟严厉的监管。韩国则没有专门规制企业并购的零丁司法；对要约收买的规制晦气于确保生意业务的稳固性和掩护中小股东的好处；在反收买规制方面，有关并购司法对反收买的价值取向、滥用成绩和详细反收买办法的实用成绩均没有明文划定；对运营者集中的规制难以确保运营者集中当事企业生意业务的稳固性和审查的准确性。对此，中韩两国均须要以自律划定情势制订企业并购指南，供公司的并购营业和司法机构的审理并购案件参考，随时反应在理论中的各类并购成绩。在韩国要约收买标准方面，为了掩护中小股东和投资者的正当权益，须要自创在中国要约收买规制司法上的事前申报轨制和专家聘任轨制。在反收买办法方面，两国均须要明白划定反收买办法决议计划权，而且为了避免敌意收买，须要斟酌停止毒丸筹划的正当化。在运营者集中审查方面，韩语论文，与中国、美国、欧盟一样，韩国须要采用事前申报轨制和两阶段审查轨制，以确保运营者集中当事企业生意业务的稳固性和审查的准确性。本文从理论的角度动身，以现行的中韩并购司法和政策为基本，就两国企业并购司法的限制性规制停止综合剖析，韩语论文题目，并经由过程上述剖析找出中韩企业并购司法轨制和理论上的分歧的地方及彼此可以自创的要素，从而使两国企业并购轨制在立法和理论上加倍趋于完美。本文共分为五章：第一章，剖析了中韩企业并购司法标准的基本，并提出了两国企业并购司法标准的焦点成绩。详细论述了中韩企业并购司法框架和特色，提出了两国企业并购司法标准的限制性规制的焦点成绩。第二章，研究剖析了对收买人的收买行动的限制性规制。重点剖析了中韩持股权益表露轨制和要约收买轨制的详细内容，并对两国相干轨制停止了比拟。第三章，研究剖析了在企业收买中反收买办法限制性规制。详细论述了反收买立法形式与价值取向，重点剖析了重要反收买办法的内容和中韩两国在司法和理论上的实用，并对两国反收买办法实用状态停止了比拟。第四章，研究剖析了运营者集中审查轨制。详细论述了中韩运营者集中审查轨制的详细法式和内容，并对两国运营者集中审查轨制停止了比拟。第五章，论述了中韩两国企业并购司法限制性规制的成绩，并对完美两国并购司法规制提出了建议。 Abstract: China since the reform and opening up in 1978, since the 1993 embarked on socialist market economy way currently has grown as the world's second largest economy country, Chinese enterprises through the process of continuously promote cross-border mergers and acquisitions, living sector mergers and acquisitions stage has gradually become a supporting role. South Korea from the 1997 financial crisis in the future, pay close attention to all kinds of regulation of mergers and acquisitions, mergers and acquisitions are more agile pause. In this process, many Foreign capital company and speculative capital acquisition of South Korean companies, but also have a wealth of performance loss. China and South Korea, since 1992 since the establishment of diplomatic exchange in politics, economy, cultural fields and cooperation has made gratifying results. At present, Chinese has become South Korea's first investment in the country and the commercial country, South Korea also became the China third business partner, and the two countries are striving to discuss bilateral business district. In this tide, between the two companies will back the rapid growth. The analysis is restricted and regulation of company mergers and acquisitions to judicial standard research, has more practical significance and applicable value. In South Korea companies mergers and acquisitions judicial standard of company mergers and acquisitions judicial action limit regulation focus achievements include: stop buying action to buy stock ownership rights express rail system and offer to purchase rail system, the people buy the offer to purchase action and adopted the company to buy way regulation, for foreign mergers and acquisitions stop restrictive regulation and national safety review rail system, arising as a result of the merger and acquisition (M & A), the operator of the centralized regulation. On the restrictive regulation, China and South Korea from the United States, Europe and Japan and other developed countries in the content and structure of judicial regulation, the regulation of the focus of the content of general differences. However, in judicial meticulous and detailed practical procedures, because of the differences between judicial view and the state of the economy exist some differences. From the merger judicial framework and content, China coherent judicial standards are relatively rich in various levels, the authorities on the M & A action to stop the relatively strict supervision. South Korea is not specific regulation on company merger and acquisition of Lingding judicial; regulation on offer to purchase an unlucky to ensure that the benefits of the business firm and protect minority shareholders; in the counter to buy regulation, relating to mergers and acquisitions judicial against buying the value orientation and abuse scores and detailed that buy way of utility scores were not expressly delineated; regulation on concentration of operators to ensure that operators focus when the accuracy of the stability and review of the company business. In this regard, China and South Korea need to self delimiting the situation to develop the company merger guidelines, for the trial of enterprise mergers and acquisitions business and judicial organs of the M & A case reference, response at any time in the theory of M & a performance. In South Korea offer buying standards, in order to cover the legitimate rights and interests of small shareholders and investors, to own in the Chinese offer buy pre Declaration on judicial regulation system and expert appointment system. In the aspect of anti bribe way, both countries need to understand the decision to buy the right to designate, and in order to avoid the hostile takeover, needs to consider the justification of the poison pill plan to stop. In the aspects of the intensive review of operators, with China, the United States, the European Union, South Korea needs the prior declaration rail system and two stages of censorship, to ensure the camp who focus when the accuracy of the stability and review of the company business. The from theoretical point of departure, on the basis of current China M & a judicial and policy, Chinese companies M & a judicial restrictive regulation stop comprehensive analysis, and through the process of the analysis to find out the South Korea Companies M & a judicial system and theoretical differences and each other to create their own elements, so that between the two companies M & a rail system in legislation and theory of double tends to be perfect. This paper is divided into five chapters: the first chapter, analyzes the basic standard of judicial and corporate mergers and acquisitions, and puts forward the focus of bilateral judicial standard achievement company mergers and acquisitions. Discusses the Korean company mergers and acquisitions judicial framework and characteristics, put forward the focus of performance two company mergers and acquisitions standard limit judicial regulation. The second chapter, it analyzes the regulatory restrictions on the buyer's purchase action. Analyzes the details of China Equity shareholding disclosure system and offer buying system, the two countries and the relevant system are compared. The third chapter, research and analysis in the company to buy to buy to limit regulation. Anti bribe legislation form and value orientation is discussed in detail. It focuses on the analysis of important counter to buy way of content and ROK in judicial theory and practical, and the two countries to buy way practical condition to carry on the comparison. The fourth chapter, it analyzes the operators of centralized review system. Discusses in detail the censorship of specific procedures and contents of operators in China and centralized, and the two operators focus of censorship to carry on the comparison. The fifth chapter discusses the two acquisitions judicial restrictive regulation results, and puts forward some suggestions to perfect the legal regulation of mergers and acquisitions. 目录: |
