公司并购及其法律环境刍议

Discussion on Corporate M&A and Its Legal Circumstance

在我国,法律对公司并购所作的定义并不严谨,通常人们将公司兼并、收购等行为统称为公司并购。公司并购活动的每个过程都应在特定的法律环境下完成,必备的法律环境包括:完善的公司法人治理结构、规范的公司并购程序、完备的反限制竞争措施及良好的对上市公司并购的信息披露监管制度等。

In China, there is no clear definition for M&A (merger and acquisition), which is commonly referred to activities involving corporate merger, acquisition and so on. Each step of such activities should be carried out under certain legal circumstances, which includes: perfect corporate governance, normative M&A procedure, comprehensive measures about anti-monopolization, excellent information disclosure requirements on the merger & acquisition of listed corporations.