评《到境外上市公司章程必备条款》关于争议解决的规定  

A Critical Assessment for the Dispute Settlement Clause in the Articles of Association of Companies Listed outside the PRC Mainland-Prerequisite Clauses

作　　者：刘轶[1,2] 

机构地区：[1]南开大学应用经济学博士后科研流动站 [2]武汉大学

出　　处：《仲裁研究》2009年第1期9-14,共6页Arbitration Study

基　　金：教育部人文社会科学重点研究基地2005年度重大研究项目。

摘　　要：作为规范境内企业到境外上市的主要法律文件,《到境外上市公司章程必备条款》强制性地要求涉及香港境外上市公司的跨境证券合同争议和侵权争议均应通过仲裁方式解决,并适用中华人民共和国法律。上述规定超越了国务院证券监督管理机构的立法权限,违背了仲裁自愿原则和仲裁机构地位平等原则,与《公司法》的有关规定相抵触,也与该条款的立法本意相悖。为了平等地保护境内外投资者的合法权益,确保境外上市公司章程的合法性;应当适时修正上述关于争议解决的条款,对跨境证券争议的解决方式以及解决跨境证券侵权争议的准据法等问题不作规定,允许境外上市公司的股东自主选择争议的解决方式,并尊重当事人对解决跨境证券合同争议准据法的意思自治。The dispute settlement clause in the Articles of Association of Companies Listed outside the PRC Mainland-Prerequisite Clauses mandates that all transnational contractual and non-contractual securities disputes involving Chinese companies listed on the HKEx shall be submitted to arbitration, with the PRC law being the applicable law.Such provisions fall beyond the legislative authority of the CSRC,breach the principles of voluntary arbitration and the equal status of the arbitration institutions, and contradict with the pertinent provisions of the Company Law of the PRC and also the original legislative intent of this clause.In order to protect the lawful rights and interests of domestic and overseas investors equally,and assure the legitimacy of the articles of association of overseas listed companies, the above dispute settlement clause should be duly amended and make no provision for the settlement method of transnational securities disputes and the applicable law for non-contractual transnational securities disputes,so as to allow shareholders of overseas listed companies to select the method of dispute settlement independently,and fully respect the party autonomy on the applicable law for contractual transnational securities disputes.

关 键 词：境外上市 公司章程 争议解决 准据法 

分 类 号：D922.29[政治法律—经济法学]