中国在美上市企业集团诉讼法律风险防范与对策研究

发布时间：2018-07-17 22:28

【摘要】：自中华网在美遭遇集团诉讼以来，我国赴美上市公司便被集团诉讼所累。集团诉讼不仅可能使赴美上市公司额外承担巨额诉讼费及相关成本，而且被诉讼公司股价也会随诉讼态势的发展而可能出现较大波动，更为严重的是涉诉可能会降低公司在消费者眼中的形象，其品牌影响力亦会受损，从长远来看将不利于公司以后的再融资及市场开发。不过，遭遇集团诉讼的缘由多是由我国赴美上市公司不清楚或者不习惯遵守当地资本市场的法律法规而导致的，，为了减少此类情况的出现，研究集团诉讼的法律风险及防范对策对我国赴美上市企业而言迫在眉睫。本文是基于对一系列我国赴美上市企业遭受集团诉讼案例的思考之上而撰写的，从案例中探寻我国赴美上市企业遭受集团诉讼的风险和损失以此揭示研究集团诉讼的法律风险和防范对策的必要性，同时通过检讨自身及借鉴国际经验提出自己的建议。第一部分，首先介绍了美国集团诉讼的概念，美国证券法律制度的演进过程和主要内容，最后归纳了美国证券法律制度的意义，这样整个大体介绍了美国的证券法律制度第二部分，主要围绕中国在美上市企业遭遇证券集团诉讼的法律风险展开。先介绍中国企业纷纷赴美上市的现状和主要原因，继而用案例引出中国在美上市企业遭遇证券集团诉讼后给企业所带来的不利后果第三部分，分析了中国在美上市企业遭遇集团诉讼的主要原因，主要是缺乏对美国法律文化和法律法规的了解和重视，信息披露的不规范，以及未建立完备的公司治理机制这三点原因第四部分，在上文的分析的基础上阐述了中国在美上市企业应对证券集团诉讼法律风险的防范与对策，主要包括（1）充分了解、熟悉和掌握美国资本市场的法律法规和监管要求；（2）采取有效措施确保信息披露的及时和准确；（3）完善公司内部控制及治理机制；（4）建立和完善公司法务体系，积极应对证券集团诉讼。
[Abstract]:Since Zhonghua net encountered class action in the United States, Chinese listed companies in the United States have been involved in class litigation. Class litigation may not only make the listed companies in the United States bear huge litigation costs and related costs, but also the share prices of the sued companies may fluctuate with the development of the litigation situation. What is more serious is that the litigation may reduce the image of the company in the eyes of consumers and its brand influence will be damaged in the long run, which will not be conducive to the future refinancing and market development of the company. However, most of the reasons for the class action are caused by the fact that Chinese listed companies in the United States do not know or are not used to complying with the laws and regulations of the local capital market. In order to reduce the occurrence of such cases, It is urgent to study the legal risks and preventive countermeasures of class action for Chinese listed enterprises in the United States. This paper is based on the consideration of a series of class litigation cases of Chinese listed enterprises in the United States. In order to reveal the necessity of studying the legal risks and preventive countermeasures of group litigation, this paper explores the risks and losses of Chinese listed enterprises going to the United States by way of cases, and puts forward some suggestions through reviewing itself and drawing lessons from international experience. The first part first introduces the concept of American class action, the evolution process and main content of American securities legal system, and finally summarizes the significance of American securities legal system. The second part mainly focuses on the legal risk of Chinese listed enterprises in American securities group litigation. This paper first introduces the current situation and main reasons of Chinese enterprises going to the United States to list in the United States, and then leads to the third part of the adverse consequences of Chinese listed enterprises in the United States after they encounter securities group litigation. This paper analyzes the main reasons why Chinese listed enterprises encounter class action in the United States, mainly due to the lack of understanding and attention to American laws, culture, laws and regulations, and the non-standard disclosure of information. And the fourth part of the three reasons for not establishing a complete corporate governance mechanism. On the basis of the above analysis, this paper expounds the prevention and countermeasures of China's listed enterprises in the United States to deal with the legal risks of securities group litigation. It mainly includes: (1) fully understanding and mastering the laws, regulations and regulatory requirements of American capital market; (2) taking effective measures to ensure the timely and accurate disclosure of information; (3) perfecting the internal control and governance mechanism of the company; (4) to establish and perfect the legal system of the company and actively deal with the securities group litigation.
【学位授予单位】：西南政法大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：D922.295;D971.2

【共引文献】