股权让与担保的效力与实现

Effectiveness and Realization of Equity Transfer Guarantees

股权让与担保已经为司法实践所接受,但有关其法律效力和权利的实现尚存模糊之处。就其法律效力而言,应区分对内效力和对外效力。对内效力中,明确权利人名义股东的身份,并根据公司的意旨勘察是否限制其股东权力的行使;对外关系中,衡平受让人、其他债权人、次债权人等各方主体的利益。就权利的实现而言,以履行清算义务为必要前提,并依照实现方式的不同决定实现的时间点。

Equity transfer guarantees have been accepted in judicial practice,but there are still ambiguities about their legal effect and the realization of rights.As far as its legal effects are concerned,a distinction should be drawn between internal and external effects.In terms of internal impact,it is important to clearly identify the nominal shareholder of the rights holder and assess whether there is a need to restrict the exercise of shareholder power in line with the company’s intentions.In external relations,it is crucial to balance the interests of assignees,other creditors,sub-creditors,and other relevant parties.As to the realization of rights is concerned,the performance of liquidation obligations is a necessary prerequisite,and the time of realization is determined according to the different methods of realization.