中國大陸關聯交易之研究

Abstract

交易安全、交易效率與交易公平為市場秩序建構目標。但如果在具體交易活動中，將安全、效率與公平綜合衡量，則屬不易。在關聯交易及其法律規制中，如何均衡安全、效率與公平尤為不易。關聯交易發生在關聯人之間，本應可達其最優結果，但在當前市場環境，關聯交易卻給人負面印象，例如上市公司利用關聯交易淘空公司資產，嚴重損害公司、股東與債權人利益，並衝擊社會投資人與整體經濟，實值得探討研究。 本論文研究方向，以中國大陸法制、比較法學及實際案例為基礎，從預防、否定、調整、法律責任、救濟途徑各階段論述中國大陸關聯交易法規範，以期在海峽兩岸交易頻繁的現況下讓台灣企業瞭解對岸之關聯交易規範。

Safety, efficiency and Fairness are all goals in transactions to build market order. However, it is no easy to concern and balance the safety, efficiency and fairness at the same time in real transaction, especially in “Related Party Transactions”. The transaction between related parties shall of course reach the best balance of the above tree factors. But in current market environment, the term “Related Party Transactions” often gives negative impression. For example, the listed company uses related party transaction to swindle company asset and resulted in corporate crisis. Many incidents of business malpractices in public or OTC companies occurred, severely undermining the interests of companies, shareholders, and creditors, as well as those of the public investors and the overall economy of the local stock market. All theses are worthy of further exploration and study. This paper uses legal theories, comparative jurisprudence, and case empirical studies to discuss the related party transactions regulations in Mainland China from below aspects and order: Prevention, Adjustment, Denying, Legal liability and remedy. Hope this paper will bring the overall aspects of related party transactions regulation in Mainland China for Taiwan enterprises.