| Often known as "barbarians at the gate" in front of the leveraged buy-out controversial from its birth,it as a kind of based on market mechanism of resource allocation in affecting the whole social economic system,constantly promote the development of corporate governance system and governance structure,accelerate the development of the enterprise and it often has the characteristics of high risk,excessive use of it,could cause financial order and turmoil in the capital market.In 2015,vanke's shareholding competition became the most interesting leveraged buyout event in the capital market,which caused a huge response in China's capital market.This article starts from combing the theoretical knowledge of leveraged buy-outs,combining vanke equity of this event,to explore the law of leveraged buyouts in our country existing problem,draw experience from the United States about the legal regulating of the leveraged buy-out,combined with China's national conditions,put forward ideas and suggestions of leveraged buy-out legal regulation in China.This paper analyzes the legal regulation of leveraged buyouts in four parts.Part 1: Theory of leveraged buyouts,the definition,characteristics and classification of LBO are introduced,and its development background and course are described.Part 2: through the dispute of vanke's equity,explore the existing risks,and then point out the legal problems of China's leveraged buyouts.Part 3: the external investigation of the legal regulation of LBO,and the analysis and reference.Sum up the advanced experience worthy of our reference from American.Part 4: the battle by vanke equity reflects the our country the legal issues facing the leveraged buy-out,draw lessons from outside the legal system,from information strictly,corporate governance structure diversification,regulatory model comprehensive change and right remedy perfectly four aspects to our country the legal regulating of the leveraged buy-out put forward ideas and Suggestions. |
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