摘要
路演推介作为推动证券发行的手段,对于强化信息披露、保障证券投资人利益、稳定证券市场秩序具有积极的作用。在民法视野中,路演推介本身并不包含内容明确的订约意思表示,仅有征询投资者认购意向之实,具备要约邀请的属性。在合同生效之前,要约邀请人违背其在要约邀请中所明确的义务或为交易提供的条件,如果要约人因信赖该信息而作出要约并招致损失,要约邀请人应当承担缔约过失责任。在证券交易完成之前,若因路演中的信息不实导致证券认购方损失的,受损失方于民法上可追究证券发行方缔约过失之责。
As a measure to promote securities issuance,road show has a positive effect on strengthening information disclosure,protecting the interests of securities investor,and stabilizing the securities market order. In the view of civil law,road show itself does not contain clear contracting intention,only consults the real intention of the investors to subscribe. So it has the attribute of invitation to offer. Before the contract comes into effect,the obligation or provided condition,which the invitation to offer stipulates,is violated by who makes the invitation to offer. If the offer is made due to reliance on that information and the offered incur losses,who makes the invitation to offer should bear the liability for negligence in contracting. Prior to the completion of securities transactions,the investors who have suffered losses because of the false information on road show can ask securities issuers to take the liability for negligence in contracting.
出处
《河南司法警官职业学院学报》
2015年第1期68-72,共5页
Journal of Henan Judicial Police Vocational College
关键词
路演
要约
要约邀请
缔约过失责任
road show
offer
invitation to offer
liability for negligence in contracting
