VIE模式的法律效力分析

Analysis on the Legal Validity of VIE Structure

由于国内外市场条件以及监管因素的影响,众多境内企业构建VIE模式远赴海外上市融资。在厘清当前理论法层面与实定法层面关于此问题的错位认知后,就有必要从这两个层面,结合执法与司法仲裁的实践立场,分别对其法律效力进行分析,以期为VIE监管制度的构建提供突破口。

Due to the influence of domestic and foreign markets as well as regulation, many domestic enterprises go public to fi- nance with VIE structure offshore. It is necessary to analyze the legal validity of VIE structure combined with practice of law enforce- ment and justice when the dislocation of viewpoints about this issue in theoretical law and positive law has been corrected, so as to en- lighten the system construction of VIE structure.