中国商业银行在美并购法律问题研究  

A Research on Legal Issues of Chinese Commercial Bank’s M & A in the United States

作　　者：姜海[1] 

机构地区：[1]中央财经大学法学院

出　　处：《金融论坛》2011年第7期58-64,共7页Finance Forum

摘　　要：美国是中国商业银行海外拓展的重要市场,并购是中国商业银行拓展美国市场的重要方式。并购涉及大量法律问题,而中美法律体系差异较大,使得中国商业银行在美并购过程中的法律问题显得更加突出。本文根据美国的成文法规定和司法实践,对法定合并与三角合并、股权收购与资产收购等并购方式及其特点进行比较,进而从中国商业银行在美并购的实际需要出发,从州法层面和联邦证券法层面就并购中的信义义务、评估权、州反收购立法以及代理投票权规则和威廉姆斯法案等问题进行分析,这些问题是中国商业银行规划在美并购方案时必须考虑的基础因素。The United States is one of the important target markets when Chinese commercial bank expands abroad, and M＆A is an important access to the American market. M＆A involves a mass of legal issues, and great disparities between American and Chinese legal systems make Chinese commercial banks have to face many thorny legal problems when carrying out M＆A in the United States. According to related statutes and judicial practice in the United States, the paper compares different features of statutory merger, triangular merger, equity acquisitions and assets acquisitions. To satisfy the actual need of Chinese commercial banks and from the perspective of state statutes and the federal securities statutes, the paper analyzes several key issues in M＆A activities, such as fiduciary duty, appraisal rights, state anti-takeover statutes, proxy rules and Williams Act. The abovementioned issues are fundamental factors that Chinese commercial banks must consider when planning M＆A scheme in the United States

关 键 词：中国商业银行 并购 并购方式 法律问题 

分 类 号：D971.2[政治法律—法学] DD912.28[经济管理—金融学] F832.2