Research On Information Disclosure And Risk Burden Relating To Share Transfer Of Limited Company

This dissertation focuses on the information disclosure during the share transfer relating to a closed and limited company especially in share acquisition, where the author points out the basic relation between the information disclosure and risk burden- the risk burden shall transfer together with the share transfer if the information is disclosed truly and precisely or the information is not in the scope of disclosure. After analyzing the specifics of share of closed limited company in the view of information being focused on, by comparative research to information disclosure in security market and according to the practice experience, the author proposed four principles shall be applied in the information disclosure thereof: willing disclosure principle, commercial secrets protection principle, passivity principle and due diligence principle. Thereafter the body of disclosing and liability, and some questions shall be paid attention to during the practice is discussed. At last, the author raised his views on the liability relating to false disclosure, one is the liability of contracting and the liability of tort shall coexist together with contractual liability, the other is the liability of the target company's management shall be applied to the remedy system.