Empirical Study On Legislative Of Listed Company's Anti-takeover In China

Anti-takeover is defined as the action taken by the objective company in order to guard against or stop the transference of its controlling right to hostile takeovers, which suggests that the obstruction of the transference of the controlling right is its foremost concern. The further development of the Equity Division Reform in China entails the entire circulation of the stocks of more and more listed companies, and that leads the takeover and anti-takeover to a new and active phase with various methods. In the game of takeover and anti-takeover, the function of law will be protect the rights and benefits of shareholders and our society, but we can see there are many shortages in our legal regulation in fact.The most important thing is to summed up the legal situation and improve the anti-takeover legislative proposals. As the new "Labor Contract Law" and "anti-monopoly law" put into effect, for the anti-takeover strategy will have a significant impact . At the same time, anti-takeover acts have strong operational and complexity. These are discussed in depth in this paper to the content.The issues are elaborated on in five chapters in the paper: Chapter one, the definition of anti-takeover of listed company and the theory behind the legal regulation of the anti-takeover; Chapter two, we analyze the process and the present situation of anti-takeovers through some cases take place in China; Chapter three, by comparative means this paper reviews and evaluates relative legal regulations on anti-takeover in the United States, the U.K. and EU; Chapter four, we introduce varied anti-takeover measures both inside and outside China in detail, and works over relevant regulations and advances useful reference to China's legislation. Chapter fifth, analyzes correlative regulations in present China and put out some suggestions about the improvement of the legal regulation of the anti-takeover.