有限公司股权流通与人合性保护的利益衡量以可持续发展为视角  

The Interest Measurement Between Equity Circulation and Protection of Characters Based on Shareholders of Limited Company——From the Perspective of Sustainable Development

作　　者：侯东德[1] 韦雅君 HOU Dongde;WEI Yajun(Civil and Commercial Law School,Southwest University of Political Science and Law,longqing 401120,China)

机构地区：[1]西南政法大学民商法学院,重庆401120

出　　处：《法学论坛》2024年第3期143-152,共10页Legal Forum

摘　　要：“南钢控制权转让案”中间接收购与股东优先购买权的冲突背后蕴藏着有限公司股权流通与人合性保护的利益冲突。在可持续发展的框架下,促进股权流通和保护有限公司的人合性在一定程度上分别契合促进充分竞争、实现长期价值、保护整体利益的内在要求,但在二者相互冲突的情形下,则需要通过利益衡量作出取舍。依据股权之流通性优于有限公司之人合性的利益衡量结果,公司法变革应区分有限公司的资合属性与人合性特征,改变股权转让触发股东优先购买权的条件,细化关于“同等条件”的具体规定,对有限公司股权对外转让中股东优先购买权的行使进行限制,促进股权自由流通。The conflict between the indirect acquisition and the shareholder's pre-emption right in the Nanjing Nangang Iron and Steel United Co.,Ltd.Control Transfer Case contains a conflict of interest between the equity circulation of the limited company and the protection of characters based on shareholders.Under the framework of sustainable development,the promotion of equity circulation and the protection of the characters based on shareholders of limited liability companies meet the inherent requirements of promoting full competition,realizing long-term value and protecting overall interests respectively to a certain extent,but in the case of conflict between the two,it is necessary to make trade-offs through interest measurement.Based on the results of the evaluation of the interests of equity liquidity over the characters based on shareholders of a limited liability company,we distinguish the characteristics of characters based on capital and characters based on shareholders of limited liability companies,change the conditions for share transfer to trigger shareholders pre-emption rights,refine the specific provisions on the equal condition,restrict the exercise of shareholders pre-emption rights in the external transfer of share of limited liability companies,and promote the free circulation of equity.

关 键 词：间接收购 股东优先购买权 股权转让 人合性 公司法改革 

分 类 号：D922.29[政治法律—经济法学]