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about the company guarantees the validity of the contract(对公司担保合同的有效性)
About the company guarantees the validity of the contract
Introduction: the problem raised its background
The gt;gt; lt;lt; Companies Act amended on October 27, 2005 on the issue of corporate guarantee established a new set of rules, the abolition of the old lt;lt; Company Law gt;gt; the provisions of Article 60, paragraph 3, 16 made a clear specification of the core of the decision-making of the company guarantee authorized, shareholder or actual controller associated guarantees special resolution mechanism as well as listed companies foreign material guarantees that the review mechanism. [1] theory and practical circles around violation 16, the effectiveness of the company secured the contract of the the new lt;lt; Companies Act gt;gt; several different perspectives.
The first view is held guarantee contract on the view of legal practice profession that the new section 16 of the Companies Act gt;gt; specification from the internal relations of the procedural requirements to guarantee resolution, new lt;lt; Company Law gt;gt; does not require statutory review obligations of creditors, did not set the rules of conduct to perform its obligations to protect creditors, not to the the guarantor will of the internal decision-making to determine the validity of the contract between the creditor and the guarantor. Violation of the the new lt;lt; Companies Act gt;gt; 16 to provide a guarantee, unless the creditor knew or should have known of the fact that ultra vires guarantee, the guarantee contract shall be deemed effective. [2]
The second view is held the validity of the contract the difference between theory and judicial practice and the view of some scholars that a distinction needs to be drawn between the new Company Law gt;gt; the provisions of Article 16 of the two situations, paragraph 1 is for the shareholders about the company or the actual control person other than the provisions of the guarantee, the legislative intent is to ensure the security of t
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