市场化债转股下的法律冲突与法治保障

Legal Conflicts and Political Guarantee under the Marketization of Debt-to-Equity Swap

债转股虽然在我国已经实施过,但是基于过去债转股由政府主导,在实施过程中所体现的与国家体制、机制、观念、法律方面发生的冲突和矛盾并没有得到有效地解决,甚至出现偏差和失误。原有的法律、法规中与债转股有冲突的应该做出修改,没有法律依据的事项应当予以立法,保证有法可依、有章可循。本文从债转股实施与现行法律规范的冲突进行分析,以期为债转股的再次推行提供更健全的法治保障。

Although the debt-to-equity had been implemented in China before, the past debt-to-equity was guided by the government. In its implementation, the conflicts and contradictions with the national system, mechanism, ideology and legalities were not effectively solved, even with deviations and faults. The original laws and regulations conflicting with the debt-to-equity should be modified. Events without legal basis should be legislated, assuring its legal procedure. This paper does the analysis from the conflicts with the present legal norms arising in the implementation pro- cess of debt-to-equity in order to provide healthy legal guarantee for the promotion of debt-to-equity.