摘要
公司债券违约处置中有效保护持有人的合法权益,是债券市场健康平稳运行的关键问题。现行基础性法律制度与专门性法律制度为债券持有人提供了相对周延的保护,特别是新《证券法》和《全国法院审理债券纠纷案件座谈会纪要》在持有人保护的制度构建、司法保护等方面取得了突破性进展,但仍存在缺乏统一立法、债券持有人会议规则和债券受托管理人利益冲突防范规则不完善的困境。为突破债券持有人保护困局,应统一持有人保护立法,出台债券持有人会议规则的示范性指引,防范债券受托管理人与债券持有人之间的利益冲突,增加公司债券契约限制性条款的类型。
The key to the healthy and stable operation of the bond market is to effectively protect the legitimate rights and interests of the holders in the disposal of corporate bond defaults.The current basic legal system and specialized legal system provide relatively comprehensive protection for bondholders.In particular,the new securities law and the minutes of the symposium on the trial of bond dispute cases by national courts have made a breakthrough progress in the system construction and legal protection of holder protection,but there is still a dilemma of lack of unified legislation,imperfect rules for the meeting of bondholders and the prevention rules for the conflict of interests of bond trustees.In order to break through the dilemma of bondholders’protection,we should unify bondholders’protection legislation,issue model guidelines for bondholders’meeting rules,prevent conflicts of interest between bond trustees and bondholders,and increase the types of restrictive clauses in corporate bond contracts.
作者
田春雷
TIAN Chun-lei(Law School of Guangdong University of Finance,Guangzhou Guangdong 510521,China)
出处
《北京联合大学学报（人文社会科学版）》
CSSCI
北大核心
2022年第1期108-115,共8页
Journal of Beijing Union University(Humanities and Social Sciences)
基金
教育部2018年度人文社会科学研究青年基金项目“债券违约分类处置法律机制研究”(项目编号:18YJC820056)。
