外资并购时对中小股东权益的保护

A Study ON Minority Shareholders' Rights and Interests Protection in Foreign Capital M&A of Domestic Enterprise

在外资并购过程中存在侵害中小股东权益行为的根本原因在于外资实施跨国并购时的价值选择与国家法律保护目标企业中小股东合法权益的价值选择之间存在冲突,应通过完善"信息披露制度、独立董事制度、股东诉讼制度"的立法构建,实现在外资并购时对中小股东的保护。

In recent years,Simultaneously it becomes one obvious problem that how to protect the minority shareholders interests of the Target Company just when there also exist many violations of minority shareholders＇ interests in the foreign capital M A.The fundamental reason of such violations lies in that there is a very big conflict between the value choices of foreign capital M A and the legal protection of Minority shareholder＇s interests of Target Company.What＇s more,in the legal existence of missing or imperfect situation,the minority shareholder＇s interests of Target Company will be in dangerous or infringement situations.There is a certain necessity to protect minority shareholders＇ interests based on the important meaning of such protection in the current process of foreign capital M A.