我国公司法上关联交易的皈依及其法律规制——一个利益冲突交易法则的中国版本

我国2005年《公司法》对关联交易作出了规定,但无论是在法律理念上还是在制度构建上均有进一步提升的必要。因为:关联交易本质上是一种利益冲突交易,法律对待关联交易的基本态度应当是保持理性的中性立场,衡量关联交易有效性的标准应当是公平标准,包括平衡运用程序公平与实质公平。同时,根据关联交易具体表现形式的不同,对公平审查的侧重也应有所差异。另外,封闭公司的本质特性要求其关联交易同样应当强制披露。

A Chinese Copy of Rules on Deal of Interests Conflicts

Abstract: Related-party transactions have been regulated to some extent in Chinese Corporate Law of 2005. However, it is necessary to clarify further in legal ideas as wen as institutions instruction. Basically, related-party transactions arc conflict-of-interests transactions in nature. It is rational to treat conflict-of- interests transactions neutrally; fairness test, including procedure fairness and substantive fairness, is the appropriate standard to review conflict-of-interests transactions. Meanwhile, different specific rules should be used to deal with different patterns of conflict-of-interest transactions. Besides, related-party transactions in close corporations should also be compulsorily disclosed.