国有企业管理层收购主体方面的法律障碍及革新构想

Legislative Analysis on the Subjects of the Management Buy-out of State-owned Enterprises

管理层收购(MBO)对于急需明晰产权与减退国有股的国有企业具有特殊意义。但由于相关立法滞后与特殊国情,在实践中国有企业MBO弊端重重,积重难返。这时,指出相关法律在国有企业MBO的谈判主体、目标企业,以及收购主体等方面的不足,对于构建与完善国有企业MBO的法律机制具有重要意义。

The management buy - out （MBO） is important for state- owned enterprises in that it will benefit the clarification of property fights and state - owned stock reduction. But MBO is hard to get along because of the retardation of legislation and the special situation of China. It is also meaningful to pick out the defects of this provision and other regulations in the aspects of subject definition.