对赌协议的效力认定

Analysis of Validity Confirmation of Valuation Adjustment Mechanism

针对对赌协议效力认定中存在的问题,采用学理分析与案例分析相结合的研究方法,分析对赌协议的内涵、性质与特征,结果表明:对赌协议并未侵害公司法人的独立财产权、并未侵害公司其他债权人利益、并未违反公平原则、并未违反法律和行政法规的强制性规定,符合形式和内容要求的对赌协议是为有效。

Aiming at the problems of validity confirmation of Valuation Adjustment Mechanism （VAM）, this paper analyzes the connotation, nature and characteristics of VAM by combining theoretic analysis with case analysis. The result shows that VAM does not infringe the independent property right of legal person and the interest of other cred- itors of the company. It also does not violate fair principle and mandatory provision of laws and administrative regu- lations. VAM is valid if it＇ s in line with the form and content requirements.