MBO融资的法律、制度障碍及风险分析

Analysis of the law,insfifutional obstacles and risk of the financing in MBO

MBO运作为我国企业重组提供了新的思路,中国证监会颁布的《上市公司收购管理办法》也第一次确立了上市公司MBO的合法地位,但在2003年3月财政部叫停管理层收购工作。MBO运作中由于制度障碍和法律监管上的漏洞所造成的风险再次引起人们的关注。

MBO provides a new system for our country ' s corporation in merger. < Administrative Measures On Acquisition Of Listed Companies >romulgated by China Securities Regulatory Commission has established the legal status of MBO in listed company for the first time. But The Treasury stopped the work of MBO in March ,2003. The risk which is made by the loopholes of the institution and law supervision in MBO's operating has attracted people's attention again.