上市公司收购中一致行动的法律问题探讨

On the Discussion of the Question About Acting in Concert During the Course of Corporation Takeover

去年的方正与裕兴的股权之争再一次引出了对上市公司收购中一致行动的法律讨论。一致行动问题是上市公司收购中的一个重要问题,遗憾的是我国证券法并没有对其作出规定,然而,在我国证券市场上关于一致行动的案例却屡屡出现。因此,为了规范证券市场上的收购行为及出于保护投资者的目的,就必须对一致行动作一番探讨,并期望证券法在今后的修订中能对之进行规制。

Last year's conflict of share rights between Fangzheng Co.and Yuxing Co.again amused wide-ranged discussion over acting in concert of listing corporations from the respective of law.The issue of acting in concert is a quite important matter in the course of corporation takeover,but unfortunately there is still no related provisions in our securi- ties law,though related cases appear now and then.Hereafter,it is necessary to make a thorough research into this ques- tion in an effort to regulate takeovers in securities market and to protect the investors.Also the author hopes that the later amendment of our securities law will give appropriate stipulations over this.