摘要
私募股权投资所面临的法律风险如何识别与控制,是私募股权法律研究的一个重要问题。私募股权投资可能面临其法律主体因素、权利义务因素和救济途径因素引发的法律风险,而其市场风险也需要通过法律途径予以控制。通过优先权条款作为工具,健全与完善以回购权、拖带权、反稀释保护和知情权保证为内容的特殊权利体系,可以有效控制私募股权投资的法律风险。同时,通过对赌协议的完善,可以有效控制私募股权投资所面临的市场风险。
Currently,one of the vital issues of the legal studies on Private Equity(PE) investment is how to analyze and control the legal risk.PE investment may face the legal risks caused by such factors as legal subject,rights and obligations and remedies means.Besides,its market risk also needs to be controlled by law.By the act of priority,with the help of improving the redemption option,drag along right and anti-dilution,the legal risk on PE investment can be under control.Meanwhile,we can properly deal with the market risks by improving the Valuation Adjustment Mechanism(VAM).
出处
《天津法学》
2012年第1期64-71,共8页
Tianjin Legal Science
基金
天津市哲学社会科学规划基金项目<产业投资基金法律问题研究>的阶段性成果
课题编号:TJFX08-34
关键词
私募股权投资
法律风险
优先权
对赌协议
private equity investment
legal risk
act of priority
valuation adjustment mechanism
