名股实债背景下关于股东资格认定的思考

A Shares under the Background of Formal Equity-essential Debt Thinking of Shareholder's Qualification

名股实债模式的出现引发了理论界和实务界的思考和讨论,其间所蕴含的本质问题是股权和债权之争,而衍生出来的另一法律问题则是股东资格的标准如何确定。此外,新华信托与港城置业的破产债权纠纷案件兼具典型名股实债的一般性和破产纠纷的独特性。综合比较相关案例后,反思司法裁判中认定股东资格的理由,重新认识股东资格之意涵,另辟股东资格认定之主张,以甩掉纠结于股债之间的包袱,寻求更为清晰的解决路径。

The occurrence of real debt caused thoughts and discussions in theorists and practitioners,during which contain the essence of the problem is the dispute of equity and debt,thus derived another legal issuesabout how to determine the standard of qualification of shareholders. In addition,the bankruptcy claims disputes between Xinhua Trust and Hong Kong City Real Estate have both the generality of typical famous stocks and real debts and the uniqueness of bankruptcy disputes.So,after a comprehensive comparison of relevant cases Reflecting on the reasons for identifying shareholders’ qualification in judicial decisions,re-recognizing the meaning of shareholders’ qualification and opening up the idea of identifying shareholders’ qualification is to get rid of the burden between stocks and debts and seek a clearer solution.