欧美日企业并购政策法规差异的比较及其启示

Comparison of Different Enterprise's M&A Policies and Regulations of European Union, USA and Japan and its Enlightment

欧美日国家(地区)的并购政策法规虽然比较完善,但这些并购政策法规之间存在较大的差异。差异的主要表现有八大方面,其中包括:对合并概念的界定及制定合并政策法规的理论基础;对合并政策法规的立法和实施过程;对非价格垂直限制的处理方法以及协调并购政策与产业政策的立场等。对这些政策法规的差异性作出比较,并在此基础上得出结论及其一些重要的启示。

<Abstrcat>Although the M&A Policies and regulations of the European Union, USA and Japan are perfect in the world, these policies and regulations are defferent from each other. Their differences have eight aspects, including: definition of merger and theoretic basis of merger policies and regulations; legislation and implement action of merger laws; handling method of vertical restraints and the standpoints of coordinating merger policies and industry policies. The paper compares differences of these policies and regulations in details, on the basis of this, we get general conclusion and some important enlightments.