投资基金持有人派生诉讼制度比较法研究

A Comparative Study of Derivative Action of the Investment Fund Holder

投资基金组织一体化程度弱,基金持有人权益易受侵害。本文尝试将公司法中的股东派生诉讼制度移植到投资基金领域,构建投资基金持有人派生诉讼制度,为保护基金投资者合法权益另辟一条蹊径。美国特拉华州于1998年率先在企业信托中创建了派生诉讼制度,契约型投资基金就是企业信托的主要组织形式。从比较法角度出发,借鉴美国特拉华州立法先例,同时辩证借鉴公司股东派生诉讼制度的立法经验,将有利于构建符合我国国情的投资基金持有人派生诉讼制度。

The investment fund has a relatively weak integration organization. It is easy to infringe the fund holders＇ rights. This paper attempts to import the shareholder derivative action system into the investment fund, and establishes the investment funds derivative action, in order to find a new way in protecting the legiti- mate rights of investors. The Delaware of United States has established a derivative action system in the Busi- ness Trust in 1998, and the contractual investment fund business is a type of business trust. This paper intro- duces the Delaware＇ s legislative precedent into the investment fund of China, while employs advanced legislative experience from the corporation shareholder derivative action system, initially constructing investment fund holders＇ derivative action system.