论国际债券的自体法

On the Proper Law Governing International Bonds

国际债券的发行主体多种多样 ,发售过程也比较复杂 ,而且其交易往往涉及诸多涉外因素 ,因此 ,从国际私法的角度研究国际债券的法律选择及适用具有理论和实践双重意义。本文从国际债券的定义切入 ,剖析国际债券在实务中法律选择的自由和效力 ,并通过考察国际债券中各参与者之间的特殊法律关系 ,探讨了国际债券自体法的一般适用及其在消极担保、信托契约以及时效等特殊问题上的适用。

International bond involves many foreign elements due to its variety of issuers and complicated issuing process. In order to explore choice-of-law issues of international bond, this article begins with a clarification of international bond definition, moves on explaining the freedom and effects of choice of law in international bond practices, and with regard to special legal relations among international bond participants, expounds general application of proper law of international bond and its special applicability to negative pledge, trust deed, and limitation period.