重整计划制定权归属的多元论

Multiple Subject of Right to Draft Reorganization Plan

数量单一、缺乏竞争的重整计划草案易难产或被否决,危殆重整程序的正常运行。应当将作为最终控制人的债权人、或有控制权的出资人一并纳入适格制定权人范畴。以重整计划的契约属性审视,当前管理人作为制定权的适格主体受到质疑。管制色彩较浓的重整程序应当为债务人及管理人垄断制定权设置时限,直至一视同仁地对待所有利害关系人。债务人、债权人、出资人、管理人等利害关系人与公司重整命运休戚相关,给予它们以重整计划草案制定权当在情理之中。

It is easy for the draft of reorganization plan with single quantity and insufficient competition to get completed or suffer objection,which threatens the normal operation of the reorganization procedure.The creditors of the ultimate controllers and the investors of the probable controllers should be included in the scope of eligible drafters.Reiterating the contractual nature of the reorganization plan,the identity of the administrator,as a drafter,is doubtful.The restrictive reorganization procedure shall establish a time limit for the debtors and administrator to exercise their monopoly power until all interested parties are equally treated.Debtors,creditors,investors,administrators and other stakeholders are closely related to the fate of corporate reorganization;therefore,it is reasonable to endow them with the right to draft reorganization plan.