Analysis of crossborder MWord格式.docx
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Areviewofregulatory
AbstractInrecentyears,alongwiththedevelopmentofeconomicglobalization,cross-bordermergersandacquisitionstobecomeoneofthemainformsofinternationalinvestment,withthedeepeningofChina’sreformandopeningup,cross-bordermergersandacquisitionshavegraduallybecomeChina’senterprises“goingout”andmultinationalcompaniescamethemainwayofcross-bordermergersandacquisitionslegalregulatorysystemexistmanydeficiencies,theneedtoimprovetherelevantlegalsysteminthisarticlemainlyfromtheperspectiveofcross-borderM&
Areviewofregulationof,byanalyzingtherelevantlegalsystemofourcountryandEuropeandtheUnitedStates,toimproveourcross-bordermergersandacquisitionsthelegalsystemtomakesomesuggestions.
PaperKeywordsreportingcross-bordermergersandacquisitions,antitrustreviewofthelegalregulation
Withthedevelopmentofeconomicglobalization,cross-bordermergersandacquisitions(TransnationalMerger&
Acquisitionhasbecomeforeigndirectinvestment(ForeignDirectInvestment,FDI’soneofthemostimportantmanifestationsofrecentyears,foreignmergersandacquisitionshavegraduallybecomeoneofthemainwaysofFDIinChina,duetothebroadeconomicoutlook,theChinesemarkethasalsobecomethefocusofcompetitionfromforeigncompanies,whichcausedaseriesofrelatedlegalissueshavebeencauseforconcernanddiscussion,thisarticlemainlyfromthereviewoftheregulationofcross-bordermergersandacquisitions,talkOnsuperficialviewoftheauthor.
First,cross-bordermergersandacquisitionsandantitrustOverview
(Across-bordermergersandacquisitionsbrief
Cross-bordermergersandacquisitions(TransnationalMerger&
Acquisitionasanadvancedformofamergersandacquisitions,mergersoracquisitionsofdifferentnationalitiesamongenterprises,international,thereisnouniforminterpretationoftheconceptofcross-bordermergersandacquisitions,manyscholarshaveexplainedthisconcept,Mr.ShiJiansaninhisbook&
lt;
&
theoryofcross-borderM&
A&
gt;
pointedout:
“Thecross-bordermergersandacquisitionsisamultinationalenterprises(M&
Abusinessforsomepurpose,throughcertainchannelsandmeansofpayment,theentireenterpriseofanotherState(M&
Abusinessassetsorsufficienttoexerciseoperationalcontrolsharebuydown“Bi.Eitherexplain,inessence,cross-bordermergersandacquisitionsarenotamerebuyer-sellerrelationship,butthroughthere-allocationofpropertyrightstradingforinternationalcapital,internationalcapitalcurrent.
(Monopolyandcross-bordermergersandacquisitionsMonopolyof(theMonopolyconceptoriginatedfromtheeconomics,somescholarsofWesterneconomistsdefinitionofmonopolysumup,said:
“monopolyreferstoaspecificeconomicentitiesforaspecificpurposetobuildmarketbarrierstothetargetmarketmadeaexclusivecontrolofstate“verticalmonopolyinthelegalsenseofthemarketplayers,governmentagenciesornationalbyvirtueofitseconomicadvantagesorstatepower,theimplementationofaseparate,conspiracyorotherwiseinterferewithorexcludetheeffectofcompetitioninthemarketwiththedefinitionofeconomicsbehaviorfortheregulationofmonopolisticbehavior,allcountrieshaveissuedanti-monopolylaw,suchastheU.S.antitrustlaws,theGermanoppositionrestrictcompetitionlaw,ChinainAugust2008&
Anti-MonopolyLawofthePeople’sRepublicofChina&
toopenanewchapterinChina’santi-monopolyregulation.
Incross-bordermergersandacquisitions,multinationalcorporationstoabsolutecontrolofthefighttomaximizethebenefitsformanycompanies,theytriedtokeepthepricesdown,evenatthehigh-pricedacquisition,therefore,actsofcross-borderM&
Acriticalreviewofregulatorychangetoregulatethemarketcompetitivemechanismfortheprotectionofstate-ownedassetsunderthenewsituationofChina’saccessiontotheWTO,ifnotacompleteandperfectthelegalsystem,cross-bordermergersandacquisitionsmayaffectthenormaloperationofthenationaleconomy,theworldhavecross-bordermergersandacquisitionsintothesystemofnationalantitrustlaws.
Second,ourcross-bordermergersandacquisitionsAntimonopolyLaw
(Oncross-bordermergersandacquisitionsinChina’santi-monopolylegislationsituation
&
Antitrust&
priortotheimplementation,inthereviewoftheregulatoryissuesrelatingtocross-bordermergersandacquisitionsinChina’slegalsystemisfarfromperfect,thisperiodlawsandregulationsrelatedtocross-bordermergersandacquisitions:
ForeignEquityJointVentures&
the&
Sino-foreignJointVentureLaw&
&
oftheInterimProvisio