能源投资项目法律尽职调查问题研究——以向某新能源公司增资为例

On the Legal Due Diligence for Energy Investment Projects:A Case Study

股权收购或增资扩股方式是投资运营良好的能源公司在较短的时间内实现业绩增长和股东回报的有效方式。为了减小投资失误、防控投资风险,投资决策之前的法律尽职调查工作对于投资成功与否具有重要意义。站在收购主体的角度,对法律尽职调查的组织工作、法律尽职调查的重要内容进行了概括,结合以向某新能源公司增资的具体案例对法律尽职调查发现问题及相关处理措施进行了阐述,并根据能源投资项目的特点从法律尽职调查工作安排、清单的设计、发现问题的处理、合同谈判和后期整合五个方面提出相关建议。

Equity acquisition or capital increasing and expansion are effective ways for energy companies with good investment and operation situation to achieve the business growth and shareholder returns in a relatively short period. To reduce investment mistakes,prevent and control investment risks,the legal due diligence before investment decisions is of great significance to the success of investment. From the perspective of the acquisition party,the organization and major contents of the legal due diligence are summarized. Based on a practical case of a new energy investment company,relevant issues of the legal due diligence and corresponding treatment measures are summarized. Then,according to the characteristics of the energy investment project,suggestions are made from five aspects,including the arrangement of the legal due diligence,design of the list,treatment of the discovered problems,contract negotiation and later integration.