美、欧并购法律规则及其对我国的启示  

Merger Rules of USA & EC and the Enlightenment for Us

作　　者：顾玲妹[1] 唐新苗 

机构地区：[1]嘉兴职业技术学院,浙江嘉兴314001 [2]浙江省桐乡市外经贸局,浙江桐乡314500

出　　处：《国际商务（对外经济贸易大学学报）》2006年第3期93-96,F0003,共5页INTERNATIONAL BUSINESS

摘　　要：美国的并购指南以并购不得产生市场权力为中心,从市场集中度、严重损害竞争后果、市场进入、效率等四方面进行分析,以决定政府是否干预并购;欧盟的控制并购条例将并购是否与欧盟维持和发展竞争政策相协调为焦点进行分析,以决定是否批准并购。美、欧并购法律规则的共同特点都是以促进竞争维护公平的市场秩序为目标,相比之下,我国并购立法离此目标差距甚远,美、欧并购法律规则对我国完善并购立法带来了一些启示。The unifying theme of the merger guidelines of USA is that mergers should not be permitted to create market power. Throughout the guidelines, the analysis is focused on whether the merger would result in a concentrated market, whether the merger raises concern about potential adverse competitive effects, whether the entry would deter the competitive effects of concern and whether there are any efficiency gains achieved only through the merger. The analysis of the EC＇s Merger regulation is focused on whether the merger is compatible with the principle of a market economy with fair competition in the common market. Both regulations are characterized by the objective of instituting a system ensuring that competition in the market is not distorted. By comparison, China＇s merger rule still falls far short of the expected objective and therefore, we gain a good deal of enlightenment from them in improving our merger rule.

关 键 词：美国 欧盟 并购机制 市场秩序 法律规则 

分 类 号：D912.29[政治法律—民商法学]