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Continuous Disclosure Civil Liability, Not Misrepresentation

Posted on:2004-05-26Degree:MasterType:Thesis
Country:ChinaCandidate:L WangFull Text:PDF
GTID:2206360092990012Subject:International law
Abstract/Summary:PDF Full Text Request
Compared with misstatement made by companies in initial public offerings, misstatement made by listing companies is more harmful to investors in Chinese securities market. Establishment of civil liability of misstatement made by listing companies in the secondary market is a key way to compensate investors for their damages, to restore investors' confidence to securities market and to ensure Chinese securities market to safely and soundly develop. Analyzing the actual situation of Chinese securities market, this article mainly concentrates on the civil liability of misstatement made by listing companies in the secondary market. With reference to other countries existing laws and regulations and experience and based on author's thoughts of the Several Rules on Trial of Compensation Lawsuits Caused by Misstatement in Securities Market of the Supreme People's Court issued by the Supreme People's Court of the PRC in January 2003, the author manages to set up a pretty comprehensive legal framework of the civil liability of misstatement made by listing companies in the secondary market from the following aspects: the definition of misstatement in the secondary market, subjects of civil liability, contribution and defense, cause and effect and damages.
Keywords/Search Tags:Civil Liability, Misstatement, Information Disclosure, Secondary Market, Securities Regulations
PDF Full Text Request
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