外资并购反垄断规制的国际协调

The International Coordination on Antitrust Regulation of M & A of Foreign Capital

伴随经济全球化程度的不断加深,各国对资本要素流动的逐步开放,以外资并购为主要形式的第五次并购浪潮自1993年起一直方兴未艾。外资并购多是巨型跨国公司在两个或两个以上的国家进行的并购,其产生的影响不仅仅局限于一国之内,还会造成国际性市场垄断结构的形成。因此,一项跨国并购往往会成为多个国家反垄断法的规制对象,这就会导致各国在规制外资并购时发生冲突与对抗。如何解决此问题,是摆在各国面前的一道法律难题。本文试着从国际协调的角度对此问题予以探讨。

With the ever increased impact of globalization of the world economies,and gradual easing of international capital element transactions among different countries,the fifth merge and acquisition（MA） wave mainly led by foreign capitals is becoming even more active than ever since 1993.Foreign capital MA cases are typically involved with the deals across two or more countries.The consequential influence not only affects one country,but also leads to a formation of international monopoly structures affecting international markets.Therefore,an international MA case usually becomes a legal target of antitrust laws among various countries involved.It will inevitably generate some conflicts of interest and even legal conflicts among countries involved.How to resolve this problem is becoming the issue of legal challenges in front of us.This article will address this issue in term of specially-defined international coordination perspective.