论证券民事责任因果关系中的信赖

<title>Study on the Reliance in the Causation of the Civil Liability of the Securities

法律将证券民事责任定性为侵权责任。因此,在认定虚假陈述所致民事责任中的因果关系时,信赖关系的判断成为事实和逻辑的必然。实行信赖推定既减轻了原告的举证责任,又赋予被告应有的抗辩权,体现了法律通过时力量的均衡实现利益均衡。信赖是侵权法在现代社会的新发展。

<abstract>As provided by the law, the civil liability of the securities is one of the tort liabilities. Therefore, while our judging the causation of the civil liability caused by the misstatement or omission, the reliance is necessary because of the fact and logic. Liability-with-constructive-reliance can lighten the burden of the plaintiff, as well as grant the right of defense to the defendant, which incarnates how the law balances the benefit by balancing the power. In addition, the reliance is the development of the tort law in the modern society.