On The Legal Effect And Legal Value Of "Gambling Agreement"

With the development of economy, private equity funds are increasingly active. " Valuation Adjustment Mechanism,VAM" has become the most important treaty during the private equity fund investment process, so a number of lawsuit break out. The end of the first case of VAM was sentenced by the Supreme People’s Court. The local Court refer to the Supreme People’s court ‘s judgment guide their lawsuit or mediation. Therefore,we need to correctly understand the VAM legal status and value.There are a lot of different points of view about the first case of VAM. This paper attempts to analysis the VAM’s effect with the current civil and commercial legal system, combines the characteristics of the development of private equity investment. The sentenced about first case of VAM is Lack of the legal ground and legal logic confusion.The introduction part of the research is the background and the administration of justice in the classical case, which carried on the difference of the description and brief analysis.The first chapter of the text analysis of "the legal principle theory of law " of the content of VAM from the perspective of case.The second chapter focuses on the analysis of VAM.’s legal nature.The third part is legal validity about VAM,which is the most important part in this paper..The fourth part, state about the necessary of VAM ‘s legalization and suggestion.