The Exploration Of Law Issue Of Bonds With Warrants

As the innovation of financial tools, bonds with warrants is the combination products with company bond and warrant, and it has better financing advantage and investment value than former financial tools. This article is a research about the basic theoretical problem and the interests balance mechanism of bonds with warrants from the angle of law, and puts forward to how to perfect the regime of bonds with warrants in our country. This article mainly include the following aspects of content:The first part of this article is a presentation of bonds with warrants, contains the history of development, concept, legal characteristics, classification of this company bonds and the connotation of the warrants, as a groundwork of the following parts.The second part of this article primary analysis the interests balance mechanism of bonds with warrants, and expound interests balance theory and the benefit balance mechanism theory, and do some analysis about benefit and risk of each subject of bonds with warrants, the measures to protect benefit, and the problems of the preventive measures.The third part is about the defects of bonds with warrants of our country. Give some proposals of reform from changing capital system, establishing the reasonable issue system, strengthening the creditor protection system and specifying the priority of shareholders.In the methods of the contrast analysis and linking theory with the practice,this paper mainly has explored the regulations of bonds with warrants of our country, and meticulous expound benefit protection measures of each subject of bonds with warrants on interests balance theory and the benefit balance mechanism theory, discovers some defects of our the country’s bonds with warrants, and give some proposal to how to perfect the legal institutions of bonds with warrants in our country.