摘要
一个债转股项目的成功不仅在于债权转化为股权,实施机构顺利退出并实现盈利才是债转股项目真正成功的体现。债转股项目中股东退出的各种理论及实践方式具有一定可行性,但也必须看到其中存在的法律问题。本次债转股实施中,各方应当汲取政策性债转股实施中的经验教训,主动规避法律风险,以贯彻市场化理念和完善企业治理结构为根本途径,结合法律规范的制定与完善、多层次股权交易市场的建立健全、创新优先股制度等方式完善债转股股东退出机制。
The success of a debt-to-equity swap is not only the conversion of debt into equity, exit of the implementing agencies and the realization of profitability is the real success of debt-equity swap. The various ways in which the shareholders withdraw from the debt-to-equity swap are feasible, but we must also see the legal issues in which they exist. In the implementation of the debt-to-equity swap, the parties should learn from the experiences and lessons of the implementation of the policy-based debt-equity swap, take the initiative to avoid legal risks, follow the concept of market-oriented and improve the corporate governance structure as a fundamental way. And they should combine with the establishment of multi-level equity trading market, innovate preferred stock system, etc. to improve the debt-to-equity swap mechanism.
出处
《浙江金融》
2017年第6期45-51,共7页
Zhejiang Finance
关键词
债转股
股东退出
实施机构
市场化
Debt-to-equity Swap
Shareholders Exit
Implementing Agency
Marketed
