{"id":194816,"date":"2011-11-01T16:50:36","date_gmt":"2011-11-01T08:50:36","guid":{"rendered":"https:\/\/law.asia\/?p=194816"},"modified":"2021-01-12T10:40:58","modified_gmt":"2021-01-12T02:40:58","slug":"another-brick-wall","status":"publish","type":"post","link":"https:\/\/law.asia\/zh-hans\/another-brick-wall\/","title":{"rendered":"\u62fe\u9057\u8865\u7f3a\u3000\u529b\u7b51\u575a\u57ce"},"content":{"rendered":"<p style=\"text-align: justify;\"><span class=\"vantage-grey\"><em><strong>\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u7684\u4e00\u4efd\u5185\u90e8\u5907\u5fd8\u5f55\u8ba9VIE\u6a21\u5f0f\u7684\u524d\u666f\u9634\u973e\u7b3c\u7f69\uff0c\u52a0\u4e4b\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u548c\u53cd\u5784\u65ad\u5ba1\u67e5\u7684\u65b0\u653f\u51fa\u53f0\uff0c\u4e2d\u56fd\u6b63\u79ef\u6781\u4fee\u7b51\u9632\u5fa1\u5de5\u4e8b\u4ee5\u9632\u8303\u5916\u8d44\u7684\u5883\u5185\u5e76\u8d2d\u6d3b\u52a8\u3002\u4f5c\u8005\uff1a\u9ad8\u5c0f\u4e91<\/strong><\/em><\/span><\/p>\n<p><span class=\"dropcap dropcap3 vantage-red\">\u5916<\/span>\u8d44\u5728\u534e\u5e76\u8d2d\u5883\u5185\u4f01\u4e1a\u7684\u5f62\u52bf\u5df2\u53d1\u751f\u8f6c\u53d8\u3002\u201c\u5916\u8d44\u7684\u5904\u5883\u53d8\u5f97\u66f4\u52a0\u8270\u96be\u3002\u201d\u5a01\u51ef\u5e73\u548c\u800c\u5fb7\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u5317\u4eac\u7684\u5408\u4f19\u4ebaRobert Woll\u8bf4\u3002\u65b0\u5f62\u52bf\u4e0b\u7684\u653f\u7b56\u66f4\u8d8b\u4e8e\u4fdd\u5b88\u3002<\/p>\n<p><a href=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Robert-Woll.jpg\"><img class=\"size-medium wp-image-194751 alignleft\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Robert-Woll-300x300.jpg\" alt=\"Robert Woll\" width=\"300\" height=\"300\" srcset=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Robert-Woll-300x300.jpg 300w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Robert-Woll-150x150.jpg 150w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Robert-Woll-420x420.jpg 420w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Robert-Woll.jpg 500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">\u5728\u7ecf\u6d4e\u3001\u653f\u6cbb\u5371\u673a\u5e2d\u5377\u5168\u7403\u7684\u5927\u80cc\u666f\u4e0b\uff0c\u4e2d\u56fd\u5728\u4e16\u754c\u4e0a\u7684\u76f8\u5bf9\u5730\u4f4d\u4e0d\u65ad\u589e\u5f3a\u3002\u201c\u4e2d\u56fd\u518d\u4e5f\u4e0d\u5fc5\u50cf\u4ee5\u524d\u90a3\u6837\u4f9d\u9760\u5916\u8d44\u4e86\u3002\u201d Woll\u8bf4\u9053\u3002<\/p>\n<p style=\"text-align: justify;\">\u6cf0\u4e50\u4fe1\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u4e0a\u6d77\u7684\u5408\u4f19\u4ebaSven-Michael Werner\u4ecb\u7ecd\u8bf4\uff0c\u4e2d\u56fd\u6b63\u81f4\u529b\u6210\u4e3a\u201c\u5168\u7403\u9ad8\u65b0\u6280\u672f\u53ca\u521b\u65b0\u7684\u5f15\u9886\u8005\u201d\u3002\u76f8\u5e94\u5730\uff0c\u4e0e\u5916\u5546\u5728\u534e\u6295\u8d44\u6709\u5173\u7684\u6cd5\u5f8b\u548c\u653f\u7b56\u4e5f\u6b63\u5411\u7740\u4e0d\u5229\u4e8e\u5916\u8d44\u7684\u65b9\u5411\u53d1\u5c55\u3002<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"vantage-red\"><strong>VIE\u6a21\u5f0f\u65e5\u8584\u897f\u5c71?<\/strong><\/span><\/h2>\n<p style=\"text-align: justify;\">\u4eca\u5e74\u516b\u6708\uff0c\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u7814\u7a76\u4e2d\u5fc3\u6709\u5173\u4eba\u58eb\u8d77\u8349\u4e86\u4e00\u4efd\u5907\u5fd8\u5f55\uff0c\u8ba8\u8bba\u4e86\u672a\u6765\u5e94\u5bf9\u534f\u8bae\u63a7\u5236\u6a21\u5f0f\uff08VIE\u6a21\u5f0f\uff09\u7684\u653f\u7b56\u3002\u4f5c\u4e3a\u4e00\u79cd\u6295\u8d44\u7ed3\u6784\uff0cVIE\u6a21\u5f0f\u662f\u5916\u5546\u8fdb\u5165\u4e2d\u56fd\u89c4\u5b9a\u7684\u5916\u8d44\u9650\u5165\u6216\u7981\u5165\u884c\u4e1a\u7684\u4e00\u5757\u201c\u8df3\u677f\u201d\u3002<\/p>\n<p style=\"text-align: justify;\">\u5728\u5a92\u4f53\u3001\u7f51\u7edc\u3001\u7535\u8baf\u3001\u6559\u80b2\u7b49\u884c\u4e1a\uff0cVIE\u5df2\u6210\u4e3a\u4e00\u79cd\u60ef\u7528\u6a21\u5f0f\u3002\u901a\u8fc7VIE\u6a21\u5f0f\uff0c\u201c\u5916\u5546\u5f97\u4ee5\u89c4\u907f\u67d0\u4e9b\u884c\u4e1a\u5bf9\u5438\u7eb3\u5916\u8d44\u7684\u9650\u5236\uff0c\u5c06\u8d44\u672c\u6ce8\u5165\u4e00\u5bb6\u5883\u5185\u516c\u53f8\u3002\u201d\u535a\u9510\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u4e0a\u6d77\u7684\u5408\u4f19\u4eba\u90d1\u6a11\u4ecb\u7ecd\u8bf4\u3002\u8bc1\u76d1\u4f1a\u5907\u5fd8\u5f55\u63d0\u5230\uff0c\u5305\u62ec\u95e8\u6237\u7f51\u7ad9\u65b0\u6d6a\u7f51\u3001\u641c\u7d22\u5f15\u64ce\u767e\u5ea6\u3001YouTube\u52b2\u654c\u571f\u8c46\u7f51\u5728\u5185\u7684\u591a\u5bb6\u4e2d\u56fd\u4e92\u8054\u7f51\u516c\u53f8\uff0c\u90fd\u5229\u7528\u4e86VIE\u6a21\u5f0f\u5438\u5f15\u5916\u8d44\uff0c\u5e76\u6700\u7ec8\u5b9e\u73b0\u6d77\u5916\u4e0a\u5e02\u3002<\/p>\n<p style=\"text-align: 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href=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/The-VIE-structure.jpg\"><img class=\"aligncenter wp-image-194796 size-full\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/The-VIE-structure.jpg\" alt=\"VIE \u6a21\u5f0f\u793a\u610f\u56fe\" width=\"800\" height=\"500\" srcset=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/The-VIE-structure.jpg 800w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/The-VIE-structure-300x188.jpg 300w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/The-VIE-structure-768x480.jpg 768w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/The-VIE-structure-696x435.jpg 696w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/The-VIE-structure-672x420.jpg 672w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">\u8bc1\u76d1\u4f1a\u7684\u8fd9\u4efd\u5907\u5fd8\u5f55\u867d\u7136\u53ea\u662f\u4e00\u4efd\u8349\u7a3f\uff0c\u5374\u5df2\u4e8e\u4e5d\u6708\u672b\u51fa\u73b0\u5728\u7ecf\u6d4e\u89c2\u5bdf\u7f51\u7684\u7f51\u7ad9\u4e0a\uff08http:\/\/www.eeo.com.cn\/ens\/\uff09\u3002\u5907\u5fd8\u5f55\u663e\u793a\u51fa\u5bf9VIE\u6a21\u5f0f\u7684\u5f3a\u786c\u6001\u5ea6\uff0c\u53cd\u6620\u4e86\u653f\u5e9c\u4e2d\u90e8\u5206\u4eba\u58eb\u7684\u770b\u6cd5\uff0c\u5373VIE\u6a21\u5f0f\u5df2\u5bf9\u4e2d\u56fd\u7684\u56fd\u5bb6\u5b89\u5168\u9020\u6210\u4e86\u5a01\u80c1\u3002<\/p>\n<p style=\"text-align: justify;\">\u666e\u6d1b\u601d\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u9999\u6e2f\u7684\u5408\u4f19\u4eba\u5f20\u4f1f\u9882\u8ba4\u4e3a\uff0c\u867d\u7136VIE\u6a21\u5f0f\u53d7\u5230\u6253\u538b\u7684\u60c5\u51b5\u65f6\u6709\u53d1\u751f\uff0c\u4f46\u4e5f\u5b58\u5728\u5bf9VIE\u7684\u201c\u9ed8\u8bb8\u201d\u3002CMS\u4e2d\u56fd\u5728\u4e0a\u6d77\u7684\u6267\u884c\u5408\u4f19\u4eba\u90ac\u4e3d\u798f\u8868\u793a\uff1a\u201c\u5230\u76ee\u524d\u4e3a\u6b62\uff0c\u4e3b\u7ba1\u90e8\u95e8\u4e00\u76f4\u90fd\u6ca1\u6709\u5b9e\u65bd\u4e25\u683c\u5ba1\u67e5\uff0c\u4e5f\u6ca1\u6709\u4f5c\u51fa\u8fc7\u5904\u7f5a\u3002\u201d<\/p>\n<p style=\"text-align: justify;\">\u7136\u800c\uff0c\u5b98\u65b9\u7684\u7acb\u573a\u5374\u660e\u663e\u65e5\u8d8b\u5f3a\u786c\u3002\u90a6\u76db\u5f8b\u5e08\u4e8b\u52a1\u6240\u9ad8\u7ea7\u5408\u4f19\u4eba\u7f57\u4f20\u4f1f\u4ecb\u7ecd\u8bf4\uff0c\u5546\u52a1\u90e8\u65b0\u95fb\u53d1\u8a00\u4eba\u6c88\u4e39\u9633\u57289\u670820\u65e5\u7684\u65b0\u95fb\u53d1\u5e03\u4f1a\u4e0a\u8868\u793a\uff0c\u5546\u52a1\u90e8\u5c06\u4e0e\u6709\u5173\u90e8\u95e8\u7814\u7a76\u5982\u4f55\u89c4\u8303VIE\u6a21\u5f0f\u7684\u505a\u6cd5\u548c\u884c\u4e3a\u3002<\/p>\n<p style=\"text-align: justify;\">\u5c31\u9c9c\u6709\u6709\u5f62\u8d44\u4ea7\u7684\u4e92\u8054\u7f51\u516c\u53f8\u800c\u8a00\uff0c\u4e3b\u7ba1\u90e8\u95e8\u5bf9\u5176\u4f7f\u7528VIE\u6a21\u5f0f\u7684\u505a\u6cd5\u57fa\u672c\u4e0a\u91c7\u53d6\u89c6\u800c\u4e0d\u89c1\u7684\u6001\u5ea6\u3002\u4e0d\u8fc7\u8bc1\u76d1\u4f1a\u7684\u5907\u5fd8\u5f55\u63d0\u5230\uff0cVIE\u6a21\u5f0f\u5df2\u8d8a\u6765\u8d8a\u591a\u5730\u88ab\u4f20\u7edf\u5b9e\u4e1a\u4f01\u4e1a\u5229\u7528\uff0c\u6bd4\u5982\u7194\u76db\u91cd\u5de5\u548c\u7fd4\u5b87\u758f\u6d5a\u8fd9\u4e24\u5bb6\u5728\u9999\u6e2f\u4e0a\u5e02\u7684\u516c\u53f8\u3002\u5907\u5fd8\u5f55\u8ba4\u4e3a\uff0c\u8fd9\u7c7b\u62e5\u6709\u6709\u5f62\u5b9e\u4e1a\u8d44\u4ea7\u7684\u516c\u53f8\u5728\u4e2d\u56fd\u5927\u9646\u4ee5\u5916\u4e0a\u5e02\u7684\u505a\u6cd5\uff0c\u53ef\u89c6\u4f5c\u5bf9\u4e2d\u56fd\u7684\u4e00\u79cd\u5a01\u80c1\u3002<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"vantage-red\"><strong>\u4ece\u6765\u5c31\u4e0d\u5b89\u5168<\/strong><\/span><\/h2>\n<p style=\"text-align: justify;\">VIE\u6a21\u5f0f\u8fd8\u5b89\u5168\u5417\uff1f\u4ece\u8bc1\u76d1\u4f1a\u7684\u5907\u5fd8\u5f55\u5224\u65ad\uff0c\u4f3c\u4e4e\u53ef\u4ee5\u80af\u5b9a\u5730\u4e0b\u7ed3\u8bba\u8bf4\uff0cVIE\u6a21\u5f0f\u4e0d\u518d\u5b89\u5168\u3002<\/p>\n<p><a href=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-15-international-law-firms-by-inbound-MA-deal-value.jpg\"><img class=\"aligncenter wp-image-194791 size-full\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-15-international-law-firms-by-inbound-MA-deal-value.jpg\" alt=\"\" width=\"800\" height=\"800\" srcset=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-15-international-law-firms-by-inbound-MA-deal-value.jpg 800w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-15-international-law-firms-by-inbound-MA-deal-value-150x150.jpg 150w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-15-international-law-firms-by-inbound-MA-deal-value-300x300.jpg 300w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-15-international-law-firms-by-inbound-MA-deal-value-768x768.jpg 768w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-15-international-law-firms-by-inbound-MA-deal-value-696x696.jpg 696w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-15-international-law-firms-by-inbound-MA-deal-value-420x420.jpg 420w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">\u201c\u5c31\u89c4\u907f\u9650\u5165\u53ca\u7981\u5165\u884c\u4e1a\u7684\u76d1\u7ba1\u800c\u8a00\uff0cVIE\u6a21\u5f0f\u4ece\u6765\u5c31\u4e0d\u5b89\u5168\u3002\u201d\u8bfa\u987f\u7f57\u6c0f\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u4e0a\u6d77\u7684\u5408\u4f19\u4eba\u5b59\u5b8f\u8ba4\u4e3a\uff0c\u201c\u6cd5\u5236\u4e2d\u5b58\u5728\u7070\u8272\u5730\u5e26\u8ba9\u94bb\u8425\u53d6\u5de7\u7684\u4eba\u5229\u7528\uff0c\u5b9e\u5728\u8bf4\u4e0d\u8fc7\u53bb\u3002\u6cd5\u89c4\u4e0d\u80fd\u4e00\u65b9\u9762\u660e\u6587\u89c4\u5b9a\u54ea\u4e9b\u9886\u57df\u4e0d\u51c6\u8fdb\u5165\uff0c\u53e6\u4e00\u65b9\u9762\u53c8\u7559\u6709\u4f59\u5730\u8ba9\u4eba\u6253\u64e6\u8fb9\u7403\u3002\u76d1\u7ba1\u8005\u5411\u5e02\u573a\u53c2\u4e0e\u8005\u6e05\u695a\u8bb2\u660e\u54ea\u4e9b\u5141\u8bb8\u3001\u54ea\u4e9b\u4e0d\u5141\u8bb8\uff0c\u8fd9\u6837\u66f4\u6709\u5e2e\u52a9\u3002\u201d<\/p>\n<p><a href=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u5b59\u5b8f-Sun-Hong.jpg\"><img class=\"size-medium wp-image-194756 alignright\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u5b59\u5b8f-Sun-Hong-300x300.jpg\" alt=\"\" width=\"300\" height=\"300\" srcset=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u5b59\u5b8f-Sun-Hong-300x300.jpg 300w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u5b59\u5b8f-Sun-Hong-150x150.jpg 150w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u5b59\u5b8f-Sun-Hong-420x420.jpg 420w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u5b59\u5b8f-Sun-Hong.jpg 500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">\u4e0d\u8fc7\uff0c\u5bf9\u53d7\u9650\u5236\u884c\u4e1a\u7684\u53c2\u4e0e\u8005\u800c\u8a00\uff0c\u65e0\u8bba\u662f\u6709\u610f\u6295\u8d44\u7684\u8fd8\u662f\u6709\u610f\u5438\u5f15\u6295\u8d44\u7684\uff0cVIE\u6a21\u5f0f\u53ef\u80fd\u4ecd\u662f\u552f\u4e00\u53ef\u884c\u7684\u65b9\u6cd5\u3002\u5f20\u4f1f\u9882\u8ba4\u4e3a\uff0c\u5728\u53d7\u9650\u5236\u884c\u4e1a\uff0c\u201c\u5982\u679c\u6295\u8d44\u8005\u65e2\u60f3\u53c2\u4e0e\u5176\u4e2d\uff0c\u53c8\u60f3\u8981\u63a7\u5236\u6743\uff0c\u90a3\u9664\u4e86VIE\u5c31\u522b\u65e0\u4ed6\u9009\u4e86\u201d\u3002<\/p>\n<p style=\"text-align: justify;\">\u4e0d\u8fc7\u4e5f\u6709\u4ee4\u4eba\u5b89\u6170\u7684\u6d88\u606f\u3002\u6709\u62a5\u9053\u8bf4\uff0c\u56fd\u52a1\u9662\u526f\u603b\u7406\u738b\u5c90\u5c71\u5df2\u9488\u5bf9VIE\u6a21\u5f0f\u4f5c\u51fa\u4e86\u4e66\u9762\u6307\u793a\uff0c\u6307\u793a\u5927\u610f\u4e3a\uff1a\u4e0d\u8ffd\u6eaf\u65e2\u6709\u7684VIE\u6a21\u5f0f\uff0c\u5e76\u8ba4\u53ef\u5176\u5408\u6cd5\u6027\u3002Woll\u6307\u51fa\uff0c\u653f\u5e9c\u673a\u6784\u201c\u503e\u5411\u4e8e\u4e0d\u8ffd\u6eaf\u65e2\u5f80\u201d\u3002<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"vantage-red\"><strong>\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5<\/strong><\/span><\/h2>\n<p style=\"text-align: justify;\">\u51fa\u4e8e\u5bf9\u56fd\u5bb6\u5b89\u5168\u7684\u8003\u8651\uff0c\u4e2d\u56fd\u653f\u5e9c\u8fd1\u671f\u53c8\u51fa\u53f0\u65b0\u89c4\u5b9a\uff0c\u8981\u6c42\u5bf9\u5e76\u8d2d\u4ea4\u6613\u8fdb\u884c\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u3002<\/p>\n<p style=\"text-align: justify;\">\u8bfa\u987f\u7f57\u6c0f\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u9999\u6e2f\u7684\u4e9a\u6d32\u7ade\u4e89\u4e1a\u52a1\u4e3b\u7ba1Marc Waha\u4ecb\u7ecd\u8bf4\uff0c\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u201c\u4f7f\u4e3b\u7ba1\u90e8\u95e8\u6709\u6743\u529b\u963b\u6b62\u90a3\u4e9b\u5bf9\u56fd\u5bb6\u5b89\u5168\u53ef\u80fd\u9020\u6210\u91cd\u5927\u5f71\u54cd\u7684\u5916\u5546\u6295\u8d44\u9879\u76ee\u201d\u3002<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u5f20\u4f1f\u9882-Seung-Chong.jpg\"><img class=\"size-medium wp-image-194765 alignright\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u5f20\u4f1f\u9882-Seung-Chong-300x300.jpg\" alt=\"Seung Chong\" width=\"300\" height=\"300\" srcset=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u5f20\u4f1f\u9882-Seung-Chong-300x300.jpg 300w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u5f20\u4f1f\u9882-Seung-Chong-150x150.jpg 150w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u5f20\u4f1f\u9882-Seung-Chong-420x420.jpg 420w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u5f20\u4f1f\u9882-Seung-Chong.jpg 500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a>\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u7684\u89c4\u5b9a\u51fa\u81ea\u56fd\u52a1\u9662\u529e\u516c\u5385\u53d1\u5e03\u7684\u300a\u5173\u4e8e\u5efa\u7acb\u5916\u56fd\u6295\u8d44\u8005\u5e76\u8d2d\u5883\u5185\u4f01\u4e1a\u5b89\u5168\u5ba1\u67e5\u5236\u5ea6\u7684\u901a\u77e5\u300b\uff08\u56fd\u529e\u53d1[2011]6\u53f7\uff09\u3002\u8be5\u300a\u901a\u77e5\u300b\u4e8e3\u67085\u65e5\u751f\u6548\uff0c\u540c\u65f6\u53d1\u5e03\u7684\u8fd8\u6709\u300a\u5546\u52a1\u90e8\u5b9e\u65bd\u5916\u56fd\u6295\u8d44\u8005\u5e76\u8d2d\u5883\u5185\u4f01\u4e1a\u5b89\u5168\u5ba1\u67e5\u5236\u5ea6\u6709\u5173\u4e8b\u9879\u7684\u6682\u884c\u89c4\u5b9a\u300b\uff08\u5546\u52a1\u90e8\u516c\u544a2011 \u5e74\u7b2c8 \u53f7\uff09\uff08\u53c2\u89c1<em>\u300a\u5546\u6cd5\u300b<\/em>\u7b2c2\u8f91\u7b2c4\u671f\uff09\u3002\u540e\u8005\u5df2\u4e8e8\u670831\u65e5\u5931\u6548\uff0c\u53d6\u800c\u4ee3\u4e4b\u7684\u662f\u300a\u5546\u52a1\u90e8\u5b9e\u65bd\u5916\u56fd\u6295\u8d44\u8005\u5e76\u8d2d\u5883\u5185\u4f01\u4e1a\u5b89\u5168\u5ba1\u67e5\u5236\u5ea6\u7684\u89c4\u5b9a\u300b\uff08\u5546\u52a1\u90e8\u516c\u544a2011\u5e74\u7b2c53\u53f7\uff09\uff0c\u4e3a\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u63d0\u4f9b\u4e86\u575a\u5b9e\u7684\u6cd5\u5f8b\u4f9d\u636e\u3002<\/p>\n<p style=\"text-align: justify;\">\u5bf9\u4e8e\u5e76\u8d2d\u4e2d\u56fd\u5883\u5185\u4f01\u4e1a\u7684\u5916\u5546\u800c\u8a00\uff0c\u4ed6\u4eec\u5fc5\u987b\u9762\u5bf9\u7e41\u7410\u7684\u76d1\u7ba1\u6279\u6838\u7a0b\u5e8f\uff0c\u5176\u4e2d\u5305\u62ec\u9881\u884c\u4e0d\u4e45\u7684\u300a\u53cd\u5784\u65ad\u6cd5\u300b\u6240\u8981\u6c42\u7684\u53cd\u5784\u65ad\u5ba1\u67e5\uff08\u8be6\u89c1\u300a\u53cd\u5784\u65ad\u5ba1\u67e5\u300b\u4e00\u6587\uff09\u3002\u800c\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u5236\u5ea6\u4ee4\u6279\u6838\u7a0b\u5e8f\u53d8\u5f97\u66f4\u52a0\u590d\u6742\u3002\u9664\u4e86\u7e41\u7410\u590d\u6742\u4e4b\u5916\uff0c\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u8fd8\u4e0eVIE\u6a21\u5f0f\u7684\u524d\u9014\u606f\u606f\u76f8\u5173\u3002<\/p>\n<p><a href=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-15-international-law-firms-by-number-of-inbound-MA-deals.jpg\"><img class=\"aligncenter wp-image-194802 size-full\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-15-international-law-firms-by-number-of-inbound-MA-deals.jpg\" alt=\"Top 15 international law firms by number of inbound M&amp;A deals\" width=\"800\" height=\"800\" srcset=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-15-international-law-firms-by-number-of-inbound-MA-deals.jpg 800w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-15-international-law-firms-by-number-of-inbound-MA-deals-150x150.jpg 150w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-15-international-law-firms-by-number-of-inbound-MA-deals-300x300.jpg 300w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-15-international-law-firms-by-number-of-inbound-MA-deals-768x768.jpg 768w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-15-international-law-firms-by-number-of-inbound-MA-deals-696x696.jpg 696w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-15-international-law-firms-by-number-of-inbound-MA-deals-420x420.jpg 420w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">\u6839\u636e\u5546\u52a1\u90e82011\u5e74\u7b2c53\u53f7\u516c\u544a\u7b2c\u4e5d\u6761\uff0c\u4ea4\u6613\u662f\u5426\u5c5e\u4e8e\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u7684\u8303\u56f4\uff0c\u5c06\u53d6\u51b3\u4e8e\u4ea4\u6613\u5b9e\u8d28\u800c\u975e\u4ea4\u6613\u5f62\u5f0f\u3002\u7b2c\u4e5d\u6761\u660e\u786e\u89c4\u5b9a\uff0c\u5916\u56fd\u6295\u8d44\u8005\u4e0d\u5f97\u4ee5\u4efb\u4f55\u65b9\u5f0f\u89c4\u907f\u5b89\u5168\u5ba1\u67e5\uff0c\u201c\u5305\u62ec\u4f46\u4e0d\u9650\u4e8e\u4ee3\u6301\u3001\u4fe1\u6258\u3001\u591a\u5c42\u6b21\u518d\u6295\u8d44\u3001\u79df\u8d41\u3001\u8d37\u6b3e\u3001\u534f\u8bae\u63a7\u5236\u3001\u5883\u5916\u4ea4\u6613\u7b49\u65b9\u5f0f\u201d\u3002\u8fd9\u4e00\u6761\u6b3e\uff0c\u7279\u522b\u662f\u201c\u534f\u8bae\u63a7\u5236\u201d\u4e00\u8bcd\uff0c\u770b\u6765\u5df2\u5c06VIE\u6a21\u5f0f\u6db5\u76d6\u5728\u5185\u3002<\/p>\n<p style=\"text-align: justify;\">\u4e00\u4e9b\u5f8b\u5e08\u8ba4\u4e3a\uff0cVIE\u6a21\u5f0f\u672c\u8eab\u5e76\u4e0d\u4f1a\u81ea\u52a8\u89e6\u53d1\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u7a0b\u5e8f\u3002\u6c49\u5764\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u5317\u4eac\u7684\u5408\u4f19\u4eba\u674e\u671d\u5e94\u8868\u793a\uff0c\u201c\u6309\u5b57\u9762\u7406\u89e3\uff0c\u53ea\u6709\u90a3\u4e9b\u5c5e\u4e8e\u5b89\u5168\u5ba1\u67e5\u8303\u56f4\u7684VIE\u6a21\u5f0f\u201d\u9700\u8981\u5411\u5546\u52a1\u90e8\u7533\u62a5\u3002\u674e\u671d\u5e94\u8fd8\u8bf4\uff0c\u4ed6\u66fe\u5411\u5f53\u5730\u5546\u52a1\u4e3b\u7ba1\u90e8\u95e8\u4f5c\u8fc7\u975e\u6b63\u5f0f\u54a8\u8be2\uff0c\u6240\u5f97\u56de\u5e94\u4ea6\u652f\u6301\u5176\u4e0a\u8ff0\u89c2\u70b9\u3002<\/p>\n<p style=\"text-align: justify;\">\u4e0d\u8fc7Woll\u8ba4\u4e3a\uff0c\u5728\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u5236\u5ea6\u4e2d\u63d0\u53ca\u534f\u8bae\u63a7\u5236\uff0c\u662f\u7b2c\u4e00\u6b21\u6709\u660e\u786e\u7684\u6cd5\u5f8b\u6761\u6b3e\u5c06VIE\u6a21\u5f0f\u6b63\u5f0f\u5212\u5165\u76d1\u7ba1\u673a\u6784\u7684\u804c\u8d23\u8303\u56f4\u3002<\/p>\n<p style=\"text-align: justify;\">\u5546\u52a1\u90e82011\u5e74\u7b2c53\u53f7\u516c\u544a\u9002\u7528\u4e8e\u5bf9\u56fd\u5bb6\u5b89\u5168\u201c\u53ef\u80fd\u9020\u6210\u6216\u5df2\u7ecf\u9020\u6210\u201d\u91cd\u5927\u5f71\u54cd\u7684\u4ea4\u6613\uff0c\u56e0\u6b64\u65e2\u6709\u7684VIE\u6a21\u5f0f\u6709\u53ef\u80fd\u53d7\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u89c4\u5b9a\u7684\u8ffd\u6eaf\u3002\u4e0d\u8fc7\uff0c\u8003\u8651\u5230VIE\u6a21\u5f0f\u5df2\u88ab\u666e\u904d\u4f7f\u7528\u5e76\u4e14\u662f\u767e\u5ea6\u7b49\u4e00\u6279\u4e2d\u56fd\u201c\u9f99\u5934\u4f01\u4e1a\u201d\u8d56\u4ee5\u53d1\u5c55\u7684\u57fa\u7840\uff0c\u5965\u777f\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u5317\u4eac\u7684\u5408\u4f19\u4eba\u6ee1\u8fd0\u9f99\u8ba4\u4e3a\uff0c\u770b\u6765\u201c\u5546\u52a1\u90e8\u4e0d\u53ef\u80fd\u62c6\u89e3\u5df2\u7ecf\u5b58\u5728\u7684VIE\u6a21\u5f0f\u201d\u3002\u867d\u7136\u5982\u6b64\uff0c\u63d0\u4f9b\u4e13\u4e1a\u5e76\u8d2d\u54a8\u8be2\u670d\u52a1\u7684\u94f6\u7843\u5408\u4f19\u4eba\u6709\u9650\u516c\u53f8\u7684\u5408\u4f19\u4eba\u96f7\u6653\u6ce2\u4ecb\u7ecd\u8bf4\uff0c\u8bb8\u591a\u4eba\u201c\u5df2\u7ecf\u5728\u5173\u6ce8\u81ea\u5df1\u7684\u98ce\u9669\u72b6\u51b5\u4e86\u201d\u3002<\/p>\n<p style=\"text-align: justify;\">\u90a3\u4e48\uff0cVIE\u6a21\u5f0f\u662f\u5426\u8fd8\u6709\u751f\u5b58\u7a7a\u95f4\u5462\uff1f\u672a\u5fc5\u6ca1\u6709\u3002\u5fb7\u6c47\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u4e0a\u6d77\u7684\u5f8b\u5e08\u9ec4\u6625\u4f1f\u4ee5\u6559\u80b2\u884c\u4e1a\u4e3a\u4f8b\uff0c\u8ba4\u4e3a\u867d\u7136\u5916\u56fd\u6295\u8d44\u8005\u9700\u8981\u5229\u7528VIE\u6a21\u5f0f\u624d\u80fd\u8fdb\u5165\u6559\u80b2\u4e1a\u8fd9\u6837\u4e00\u4e2a\u5916\u8d44\u9650\u5165\u884c\u4e1a\uff0c\u4f46\u8fd9\u5728\u7406\u8bba\u4e0a\u5e76\u4e0d\u4f1a\u89e6\u53d1\u5b89\u5168\u5ba1\u67e5\u7a0b\u5e8f\uff0c\u56e0\u4e3a\u6559\u80b2\u4e1a\u4f3c\u4e4e\u5e76\u4e0d\u5c5e\u4e8e\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u7684\u8303\u56f4\u3002<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"vantage-red\"><strong>\u51fa\u4e4e\u610f\u6599\uff1f<\/strong><\/span><\/h2>\n<p style=\"text-align: justify;\">Werner\u8ba4\u4e3a\uff0c\u867d\u7136\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u89c4\u5b9a\u7684\u51fa\u53f0\u770b\u4f3c\u201c\u51fa\u5176\u4e0d\u610f\u201d\uff0c\u4f46\u5176\u5b9e\u201c\u65e9\u6709\u9884\u5146\u201d\u3002<br \/>\n\u65e9\u5728\u5546\u52a1\u90e82011\u5e74\u7b2c53\u53f7\u516c\u544a\u53d1\u5e03\u4e4b\u524d\uff0c\u300a\u5173\u4e8e\u5916\u56fd\u6295\u8d44\u8005\u5e76\u8d2d\u5883\u5185\u4f01\u4e1a\u7684\u89c4\u5b9a\u300b\u7b2c12\u6761\u3001\u300a\u53cd\u5784\u65ad\u6cd5\u300b\u7b2c31\u6761\u5df2\u5206\u522b\u8981\u6c42\u6839\u636e\u4ea4\u6613\u5bf9\u201c\u56fd\u5bb6\u7ecf\u6d4e\u5b89\u5168\u201d\u3001\u201c\u56fd\u5bb6\u5b89\u5168\u201d\u9020\u6210\u7684\u5f71\u54cd\uff0c\u5bf9\u4ea4\u6613\u8fdb\u884c\u5ba1\u67e5\u3002<\/p>\n<p style=\"text-align: justify;\">\u7136\u800c\uff0c\u94ed\u5fb7\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u9999\u6e2f\u7684\u9ad8\u7ea7\u5916\u56fd\u6cd5\u5f8b\u987e\u95ee\u6881\u4f73\u9896\u8ba4\u4e3a\uff0c\u4e0a\u8ff0\u6cd5\u89c4\u90fd\u4e0d\u591f\u8be6\u5c3d\uff0c\u800c\u65b0\u51fa\u53f0\u7684\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u89c4\u5b9a\u6807\u5fd7\u7740\u5411\u201c\u89c4\u8303\u5316\u201d\u7684\u8f6c\u53d8\u3002\u201c\u4e3a\u4ec0\u4e48\u4e2d\u56fd\u4e0d\u51fa\u53f0\u8fd9\u4e9b\u89c4\u5b9a\u5462\uff1f\u201d \u6881\u4f73\u9896\u53cd\u95ee\u9053\uff0c\u201c\u5176\u4ed6\u56fd\u5bb6\u4e5f\u5b58\u5728\u5b89\u5168\u5ba1\u67e5\u5236\u5ea6\u3002\u201d<\/p>\n<p style=\"text-align: justify;\">\u4e0d\u5c11\u8e0c\u8e87\u6ee1\u5fd7\u7684\u4e2d\u56fd\u516c\u53f8\u4e5f\u66fe\u5728\u9762\u5bf9\u4ed6\u56fd\u7684\u5b89\u5168\u5ba1\u67e5\u673a\u5236\u65f6\u53d7\u632b\u3002<\/p>\n<p style=\"text-align: justify;\">\u4eca\u5e74\u4e8c\u6708\uff0c\u7f8e\u56fd\u5916\u56fd\u6295\u8d44\u59d4\u5458\u4f1a\u57fa\u4e8e\u56fd\u5bb6\u5b89\u5168\u539f\u56e0\uff0c\u8981\u6c42\u4e2d\u56fd\u534e\u4e3a\u516c\u53f8\u653e\u5f03\u6536\u8d2d\u4e09\u53f6\u7cfb\u7edf\u516c\u53f8\u7684\u670d\u52a1\u5668\u6280\u672f\u4e13\u5229\u3002\u8be5\u59d4\u5458\u4f1a\u4f5c\u51fa\u4e0a\u8ff0\u8981\u6c42\uff0c\u662f\u56e0\u4e3a\u8d28\u7591\u534e\u4e3a\u4e0e\u4e2d\u56fd\u519b\u65b9\u4e4b\u95f4\u5173\u7cfb\u5bc6\u5207\u30022009\u5e74\uff0c\u4e2d\u56fd\u94dd\u4e1a\u516c\u53f8\u589e\u6301\u6fb3\u5927\u5229\u4e9a\u529b\u62d3\u77ff\u4e1a\u96c6\u56e2\u80a1\u4efd\u7684\u8ba1\u5212\uff0c\u867d\u7136\u672a\u53ca\u4e0a\u62a5\u8be5\u56fd\u5916\u56fd\u6295\u8d44\u5ba1\u67e5\u59d4\u5458\u4f1a\uff0c\u5c31\u6700\u7ec8\u906d\u5230\u4e86\u529b\u62d3\u96c6\u56e2\u8463\u4e8b\u4f1a\u7684\u62d2\u7edd\uff0c\u4f46\u6b64\u4e8b\u4e00\u77f3\u6fc0\u8d77\u5343\u5c42\u6d6a\uff0c\u5f15\u53d1\u4e86\u516c\u4f17\u5bf9\u662f\u5426\u5e94\u57fa\u4e8e\u56fd\u5bb6\u5b89\u5168\u539f\u56e0\u963b\u6b62\u8fd9\u6b21\u4ea4\u6613\u7684\u70ed\u8bae\u3002<\/p>\n<p style=\"text-align: justify;\">\u56e0\u6b64\uff0c\u4e2d\u56fd\u51fa\u53f0\u81ea\u5df1\u7684\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u89c4\u5b9a\uff0c\u4f3c\u4e4e\u4e0d\u8db3\u4e3a\u5947\u3002\u4e0d\u8fc7\uff0c\u4e1a\u754c\u5bf9\u5b89\u5168\u5ba1\u67e5\u5236\u5ea6\u7684\u5fe7\u8651\uff0c\u4e3b\u8981\u5728\u4e8e\u62c5\u5fc3\u653f\u5e9c\u673a\u6784\u4f1a\u501f\u5ba1\u67e5\u4e4b\u540d\uff0c\u884c\u8d38\u6613\u4fdd\u62a4\u4e4b\u5b9e\uff0c\u963b\u6b62\u4ed6\u4eec\u4e0d\u5e0c\u671b\u89c1\u5230\u7684\u4ea4\u6613\u3002<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"vantage-red\"><strong>\u5ba1\u67e5\u89c4\u5b9a\u6a21\u7cca\u4e0d\u6e05<\/strong><\/span><\/h2>\n<p style=\"text-align: justify;\">\u4e2d\u4f26\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u5317\u4eac\u7684\u5408\u4f19\u4eba\u5434\u9e4f\u4ecb\u7ecd\u8bf4\uff0c\u4e0e\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u76f8\u5173\u7684\u6cd5\u5f8b\u89c4\u5b9a\u4ecd\u7136\u201c\u6a21\u68f1\u4e24\u53ef\u201d\uff0c\u8fd9\u4f7f\u5546\u52a1\u90e8\u6709\u5f88\u5927\u7684\u201c\u81ea\u884c\u659f\u914c\u51b3\u5b9a\u201d\u7684\u7a7a\u95f4\u3002<\/p>\n<p style=\"text-align: justify;\">\u5728\u56fd\u52a1\u9662\u300a\u901a\u77e5\u300b\u4e2d\uff0c\u201c\u56fd\u5bb6\u5b89\u5168\u201d\u4e00\u8bcd\u542b\u4e49\u7b3c\u7edf\uff0c\u5305\u542b\u5bf9\u4e0b\u5217\u8303\u56f4\u4ea7\u751f\u5f71\u54cd\u7684\u4ea4\u6613\uff1a\uff081\uff09\u56fd\u9632\u5b89\u5168\uff1b\uff082\uff09\u56fd\u5bb6\u7ecf\u6d4e\u7a33\u5b9a\u8fd0\u884c\uff1b\uff083\uff09\u793e\u4f1a\u79e9\u5e8f\uff1b\uff084\uff09\u6d89\u53ca\u56fd\u5bb6\u5b89\u5168\u7684\u5173\u952e\u6280\u672f\u7814\u53d1\u80fd\u529b\u3002<\/p>\n<p style=\"text-align: justify;\">\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u9002\u7528\u7684\u884c\u4e1a\u8303\u56f4\u540c\u6837\u754c\u5b9a\u5f97\u4e0d\u751a\u6e05\u6670\u3002\u5b89\u5168\u5ba1\u67e5\u6db5\u76d6\u5916\u56fd\u6295\u8d44\u8005\u5bf9\u4ee5\u4e0b\u4f01\u4e1a\u7684\u5e76\u8d2d\u4ea4\u6613\uff1a\uff081\uff09\u4e0e\u519b\u4e8b\u3001\u56fd\u9632\u6709\u5173\u7684\u4f01\u4e1a\uff1b\uff082\uff09\u5173\u7cfb\u56fd\u5bb6\u5b89\u5168\u7684\u91cd\u8981\u519c\u4ea7\u54c1\u3001\u91cd\u8981\u80fd\u6e90\u548c\u8d44\u6e90\u3001\u91cd\u8981\u57fa\u7840\u8bbe\u65bd\u3001\u91cd\u8981\u8fd0\u8f93\u670d\u52a1\u3001\u5173\u952e\u6280\u672f\u3001\u91cd\u5927\u88c5\u5907\u5236\u9020\u7b49\u4f01\u4e1a\u3002<a href=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-PRC-law-firms-by-number-of-inbound-MA-deals.jpg\"><img class=\"aligncenter wp-image-194806 size-full\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-PRC-law-firms-by-number-of-inbound-MA-deals.jpg\" alt=\"Top PRC law firms by number of inbound M&amp;A deals\" width=\"600\" height=\"600\" srcset=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-PRC-law-firms-by-number-of-inbound-MA-deals.jpg 600w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-PRC-law-firms-by-number-of-inbound-MA-deals-150x150.jpg 150w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-PRC-law-firms-by-number-of-inbound-MA-deals-300x300.jpg 300w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-PRC-law-firms-by-number-of-inbound-MA-deals-420x420.jpg 420w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">\u901a\u529b\u5f8b\u5e08\u4e8b\u52a1\u6240\u5408\u4f19\u4eba\u4fde\u536b\u950b\u8ba4\u4e3a\uff0c\u5b89\u5168\u5ba1\u67e5\u6240\u6db5\u76d6\u7684\u884c\u4e1a\u8303\u56f4\u201c\u9700\u8981\u66f4\u660e\u786e\u5730\u52a0\u4ee5\u754c\u5b9a\u201d\uff0c\u5426\u5219\u201c\u4f01\u4e1a\u5f88\u96be\u5224\u65ad\u662f\u5426\u9700\u8981\u63d0\u4ea4\u5ba1\u67e5\u7533\u8bf7\u201d\u3002\u6c49\u5764\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u5317\u4eac\u7684\u5408\u4f19\u4eba\u674e\u671d\u5e94\u4e5f\u8ba4\u4e3a\uff0c\u5ba1\u67e5\u7684\u8303\u56f4\u9700\u8981\u201c\u66f4\u660e\u786e\u201d\u3002\u5a01\u51ef\u5e73\u548c\u800c\u5fb7\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u5317\u4eac\u7684\u5408\u4f19\u4eba\u5468\u6c40\u8ba4\u4e3a\uff0c\u4e0d\u591f\u660e\u786e\u662f\u5b89\u5168\u5ba1\u67e5\u5236\u5ea6\u7684\u201c\u75c7\u7ed3\u6240\u5728\u201d\uff0c\u5e76\u8868\u793a\u8fd9\u5bfc\u81f4\u4f01\u4e1a\u4e0e\u5b98\u5458\u65e0\u6cd5\u786e\u5b9a\u5ba1\u67e5\u89c4\u5b9a\u4f55\u65f6\u9002\u7528\u3002<a href=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u4fde\u536b\u950b-David-Yu.jpg\"><img class=\"size-medium wp-image-194769 alignright\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u4fde\u536b\u950b-David-Yu-300x300.jpg\" alt=\"David Yu\" width=\"300\" height=\"300\" srcset=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u4fde\u536b\u950b-David-Yu-300x300.jpg 300w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u4fde\u536b\u950b-David-Yu-150x150.jpg 150w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u4fde\u536b\u950b-David-Yu-420x420.jpg 420w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u4fde\u536b\u950b-David-Yu.jpg 500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">\u4e00\u4e9b\u5f8b\u5e08\u79f0\uff0c\u5546\u52a1\u90e8\u5df2\u5728\u4f20\u9605\u7684\u4e00\u4efd\u5185\u90e8\u6307\u5bfc\u6587\u4ef6\u6d89\u53ca\u5ba1\u67e5\u9002\u7528\u7684\u884c\u4e1a\u8303\u56f4\u3002\u6307\u5bfc\u6587\u4ef6\u5217\u51fa\u4e86\u96f6\u552e\u4e1a\u3001\u533b\u7597\u5668\u68b0\u5236\u9020\u4e1a\u3001\u7535\u5b50\u5de5\u4e1a\u7b4960\u4e2a\u884c\u4e1a\u3002\u8fd9\u4efd\u6e05\u5355\u5c1a\u672a\u5bf9\u5916\u516c\u5e03\u3002\u5927\u6210\u5f8b\u5e08\u4e8b\u52a1\u6240\u5408\u4f19\u4eba\u6234\u5065\u6c11\u8ba4\u4e3a\uff0c\u66f4\u8be6\u5c3d\u7684\u6e05\u5355\u53ef\u80fd\u4f1a\u5728\u672a\u6765\u51e0\u4e2a\u6708\u53d1\u5e03\u3002<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"vantage-red\"><strong>\u4f55\u4e3a\u201c\u5b9e\u9645\u63a7\u5236\u6743\u201d\uff1f<\/strong><\/span><\/h2>\n<p style=\"text-align: justify;\">\u6d89\u53ca\u5173\u952e\u5883\u5185\u4f01\u4e1a\u7684\u5e76\u8d2d\u4ea4\u6613\uff0c\u53ea\u6709\u5728\u5916\u8d44\u901a\u8fc7\u4ea4\u6613\u53d6\u5f97\u5883\u5185\u4f01\u4e1a\u7684\u201c\u5b9e\u9645\u63a7\u5236\u6743\u201d\u65f6\uff0c\u624d\u5fc5\u987b\u63a5\u53d7\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u3002\u7f57\u4f20\u4f1f\u8ba4\u4e3a\uff0c\u63a7\u5236\u6743\u95ee\u9898\u662f\u80fd\u5426\u901a\u8fc7\u5b89\u5168\u5ba1\u67e5\u7684\u5173\u952e\u3002<\/p>\n<p style=\"text-align: justify;\">\u201c\u63a7\u5236\u6743\u201d\u4e00\u8bcd\u5b9a\u4e49\u5bbd\u6cdb\uff0c\u5305\u62ec\u8868\u51b3\u6743\u548c\u201c\u5bfc\u81f4\u5883\u5185\u4f01\u4e1a\u7684\u7ecf\u8425\u51b3\u7b56\u3001\u8d22\u52a1\u3001\u4eba\u4e8b\u3001\u6280\u672f\u7b49\u5b9e\u9645\u63a7\u5236\u6743\u8f6c\u79fb\u7ed9\u5916\u56fd\u6295\u8d44\u8005\u7684\u60c5\u5f62\u201d\u3002<\/p>\n<p style=\"text-align: justify;\">\u6ee1\u8fd0\u9f99\u4ecb\u7ecd\u8bf4\uff0c\u6709\u4e00\u5bb6\u5916\u5546\u5c1d\u8bd5\u53d6\u5f97\u4e00\u5bb6\u4e2d\u5916\u5408\u8d44\u4f01\u4e1a\u7684\u5c0f\u80a1\u4e1c\u6743\u76ca\uff0c\u4f46\u6b64\u4ea4\u6613\u76ee\u524d\u5c1a\u672a\u5b8c\u6210\u3002\u6ee1\u8fd0\u9f99\u8bf4\uff1a\u201c\u300a\u4e2d\u5916\u5408\u8d44\u7ecf\u8425\u4f01\u4e1a\u6cd5\u5b9e\u65bd\u6761\u4f8b\u300b\u5217\u51fa\u4e86\u56db\u65b9\u9762\u4e8b\u9879\u9700\u8981\u8463\u4e8b\u4f1a\u4e00\u81f4\u901a\u8fc7\u624d\u80fd\u4f5c\u51fa\u51b3\u8bae\uff0c\u8ba9\u5c0f\u80a1\u4e1c\u5728\u8fd9\u4e9b\u4e8b\u52a1\u4e0a\u4e5f\u53d6\u5f97\u4e86\u6709\u6548\u7684\u5426\u51b3\u6743\u3002\u5f53\u5730\u5546\u52a1\u4e3b\u7ba1\u90e8\u95e8\u8868\u6001\u8bf4\uff0c\u6269\u5927\u9700\u8463\u4e8b\u4f1a\u4e00\u81f4\u901a\u8fc7\u7684\u4e8b\u9879\u8303\u56f4\uff0c\u4f1a\u4f7f\u4ea4\u6613\u9879\u76ee\u6709\u5fc5\u8981\u63a5\u53d7\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u3002\u201d<\/p>\n<p><a href=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-PRC-law-firms-by-inbound-MA-deal-value.jpg\"><img class=\"aligncenter wp-image-194812 size-full\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-PRC-law-firms-by-inbound-MA-deal-value.jpg\" alt=\"Top PRC law firms by inbound M&amp;A deal value\" width=\"800\" height=\"600\" srcset=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-PRC-law-firms-by-inbound-MA-deal-value.jpg 800w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-PRC-law-firms-by-inbound-MA-deal-value-300x225.jpg 300w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-PRC-law-firms-by-inbound-MA-deal-value-768x576.jpg 768w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-PRC-law-firms-by-inbound-MA-deal-value-80x60.jpg 80w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-PRC-law-firms-by-inbound-MA-deal-value-265x198.jpg 265w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-PRC-law-firms-by-inbound-MA-deal-value-696x522.jpg 696w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/Top-PRC-law-firms-by-inbound-MA-deal-value-560x420.jpg 560w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">\u5728\u4e5d\u6708\u4efd\u4e3e\u884c\u7684\u4e00\u6b21\u5e76\u8d2d\u4f1a\u8bae\u4e0a\uff0c\u5b89\u7406\u56fd\u9645\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u4e0a\u6d77\u7684\u7ba1\u7406\u5408\u4f19\u4eba\u90b9\u59ec\u4ecb\u7ecd\u4e86\u53e6\u4e00\u4e2a\u6848\u4f8b\u30022007\u81f32011\u5e74\u95f4\uff0c\u97e9\u56fd\u80fd\u6e90\u516c\u53f8SK\u96c6\u56e2\u6301\u6709\u7684\u4e2d\u56fd\u71c3\u6c14\u516c\u53f8\u80a1\u4efd\u589e\u81f39.68%\uff0c\u8981\u6c42\u5176\u63a5\u53d7\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u7684\u547c\u58f0\u4e5f\u7ee7\u800c\u51fa\u73b0\u3002\u6839\u636e\u90b9\u59ec\u7684\u8bf4\u6cd5\uff0c\u201c\u56db\u4f4d\u9887\u6709\u77e5\u540d\u5ea6\u7684\u4e2d\u56fd\u6cd5\u5f8b\u6559\u6388\u57282011\u5e745\u670822\u65e5\u8054\u540d\u53d1\u8868\u4e86\u6cd5\u5f8b\u610f\u89c1\uff0c\u6307\u51fa\u4e2d\u56fd\u71c3\u6c14\u516c\u53f8\u7684\u63a7\u5236\u6743\u5df2\u7ecf\u4ece\u5883\u5185\u80a1\u4e1c\u624b\u4e2d\u8f6c\u79fb\u7ed9\u4e86SK\u96c6\u56e2\uff0c\u5e76\u8ba4\u4e3a\u8be5\u4ea4\u6613\u5e94\u8be5\u63a5\u53d7\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u3002\u201d<\/p>\n<p style=\"text-align: justify;\">\u6234\u5065\u6c11\u8bf4\uff0c\u5728\u65e9\u671f\u6267\u884c\u9636\u6bb5\uff0c\u5b58\u5728\u4e0d\u786e\u5b9a\u6027\u201c\u5e76\u4e0d\u53cd\u5e38\u201d\u3002\u90d1\u6a11\u8ba4\u4e3a\uff0c\u4e0e\u63a5\u53d7\u53cd\u5784\u65ad\u5ba1\u67e5\u4e00\u6837\uff0c\u8bb8\u591a\u4eba\u4f1a\u201c\u5bfb\u627e\u5148\u524d\u6848\u4f8b\u4f5c\u53c2\u8003\u201d\u3002<\/p>\n<p style=\"text-align: justify;\">\u8bb8\u591a\u5f8b\u5e08\u660e\u767d\u5b89\u5168\u5ba1\u67e5\u5236\u5ea6\u5bf9\u672a\u6765\u7684\u4ea4\u6613\u6709\u91cd\u5927\u5f71\u54cd\uff0c\u6b63\u5411\u5ba2\u6237\u4ecb\u7ecd\u5ba1\u67e5\u7684\u57fa\u672c\u60c5\u51b5\u3002\u4e0d\u8fc7\u8fc4\u4eca\u4e3a\u6b62\uff0c\u5f88\u5c11\u6709\u5f8b\u5e08\u5728\u5b89\u5168\u5ba1\u67e5\u65b9\u9762\u6709\u7b2c\u4e00\u624b\u7ecf\u9a8c\u3002\u4e8b\u5b9e\u4e0a\uff0c\u8bb8\u591a\u5f8b\u5e08\u90fd\u7aed\u529b\u907f\u514d\u505a\u7b2c\u4e00\u4e2a\u201c\u5403\u8783\u87f9\u201d\u7684\u4eba\u3002\u4e00\u4e9b\u6267\u4e1a\u5f8b\u5e08\u8fd8\u544a\u8bc9\u300a\u5546\u6cd5\u300b\uff0c\u4ed6\u4eec\u5e76\u4e0d\u60f3\u8c08\u8bba\u5982\u4f55\u5e94\u5bf9\u76d1\u7ba1\u673a\u6784\uff0c\u62c5\u5fc3\u8fd9\u6837\u505a\u4f1a\u5bf9\u4ed6\u4eec\u5728\u8be5\u9886\u57df\u7684\u5de5\u4f5c\u9020\u6210\u4e0d\u5229\u5f71\u54cd\u3002<\/p>\n<p style=\"text-align: justify;\">\u5c3d\u7ba1\u5982\u6b64\uff0c\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u7684\u5b9e\u9645\u6848\u4f8b\u5df2\u5f00\u59cb\u51fa\u73b0\uff08\u8be6\u89c1\u300a\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u5b9e\u4f8b\u300b\u4e00\u6587\uff09\u3002<\/p>\n<section class=\"vantage-bg-grey\">\n<h2 class=\"headline-box\" lang=\"en-US\" style=\"text-align: justify;\"><span style=\"color: #ff0000;\"><strong>\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u5b9e\u4f8b<\/strong><\/span><\/h2>\n<p>\u867d\u7136\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u89c4\u5b9a\u521a\u51fa\u53f0\u4e0d\u4e45\uff0c\u4f46\u6d89\u53ca\u5e76\u8d2d\u4ea4\u6613\u7684\u5b89\u5168\u5ba1\u67e5\u5b9e\u9645\u6848\u4f8b\u5df2\u5f00\u59cb\u51fa\u73b0\u3002<\/p>\n<p><span style=\"text-align: justify;\">\u4e2d\u4f26\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u5317\u4eac\u7684\u5408\u4f19\u4eba\u5434\u9e4f\u66fe\u6709\u4e00\u4f4d\u5ba2\u6237\u8ba1\u5212\u5728\u5962\u4f88\u54c1\u96f6\u552e\u4e1a\u8fdb\u884c\u6536\u8d2d\u4ea4\u6613\uff0c\u5434\u5f8b\u5e08\u4ecb\u7ecd\u4e86\u8fd9\u4f4d\u5ba2\u6237\u7684\u7ecf\u5386\u3002<\/span><\/p>\n<p><span style=\"text-align: justify;\">\u5176\u5ba2\u6237\u8d77\u521d\u4ee5\u4e3a\u8fd9\u6b21\u6536\u8d2d\u4ea4\u6613\u5e76\u4e0d\u5c5e\u4e8e\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u7684\u6db5\u76d6\u8303\u56f4\u3002\u4e0d\u8fc7\uff0c\u5f53\u5730\u5de5\u5546\u5c40\u5374\u8981\u6c42\u5176\u63d0\u4ea4\u5b89\u5168\u5ba1\u67e5\u7533\u8bf7\u3002\u201c\u4ea4\u6613\u56e0\u800c\u6682\u505c\uff0c\u9700\u7b49\u5f85\u5ba1\u67e5\u7ed3\u679c\u3002\u201d\u5434\u9e4f\u8bf4\u3002<\/span><\/p>\n<p><span style=\"text-align: justify;\">\u7531\u4e8e\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u7684\u76f8\u5e94\u6cd5\u89c4\u4e0d\u591f\u8be6\u5c3d\uff0c\u518d\u52a0\u4e0a\u521a\u51fa\u53f0\u4e0d\u4e45\uff0c\u201c\u7ed9\u5ba2\u6237\u9020\u6210\u4e86\u8bb8\u591a\u4e0d\u4fbf\u201d\u3002<\/span><\/p>\n<p><span style=\"text-align: justify;\">\u5434\u9e4f\u5229\u7528\u4e2d\u4f26\u5f8b\u6240\u201c\u65e2\u6709\u7684\u201d\u6e20\u9053\u4e0e\u5546\u52a1\u90e8\u6c9f\u901a\uff0c\u4ee5\u4fbf\u51c6\u5907\u7533\u8bf7\u6750\u6599\uff0c\u201c\u7528\u4e00\u4e2a\u6708\u591a\u4e00\u70b9\u7684\u65f6\u95f4\u5e2e\u5ba2\u6237\u901a\u8fc7\u4e86\u5ba1\u67e5\u201d\u3002<\/span><\/p>\n<p><span style=\"text-align: justify;\">\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u7684\u76f8\u5e94\u6cd5\u89c4\u5e76\u672a\u6307\u660e\u96f6\u552e\u4e1a\u5c5e\u4e8e\u5ba1\u67e5\u8303\u56f4\uff0c\u4f46\u5434\u9e4f\u8ba4\u4e3a\uff0c\u201c\u6839\u636e\u5546\u52a1\u90e8\u7684\u5185\u90e8\u6307\u5bfc\u6587\u4ef6\uff0c\u96f6\u552e\u4e1a\u53ef\u80fd\u5c5e\u4e8e\u5b89\u5168\u5ba1\u67e5\u7684\u8303\u56f4\u201d\u3002<\/span><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u5434\u9e4f-Wu-Peng.jpg\"><img class=\"alignleft size-medium wp-image-194773\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u5434\u9e4f-Wu-Peng-300x300.jpg\" alt=\"Wu Peng\" width=\"300\" height=\"300\" srcset=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u5434\u9e4f-Wu-Peng-300x300.jpg 300w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u5434\u9e4f-Wu-Peng-150x150.jpg 150w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u5434\u9e4f-Wu-Peng-420x420.jpg 420w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u5434\u9e4f-Wu-Peng.jpg 500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a>\u5a01\u51ef\u5e73\u548c\u800c\u5fb7\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u5317\u4eac\u7684\u5408\u4f19\u4eba\u5468\u6c40\u4ecb\u7ecd\u4e86\u53e6\u4e00\u4e2a\u6848\u4f8b\u3002<\/p>\n<p style=\"text-align: justify;\">\u5468\u6c40\u66fe\u6709\u4e00\u4f4d\u5ba2\u6237\u662f\u533b\u7597\u5668\u68b0\u5236\u9020\u5546\uff0c\u5c31\u5728\u5176\u4ea4\u6613\u7b7e\u7f72\u524d\u4e0d\u4e45\uff0c\u300a\u5173\u4e8e\u5efa\u7acb\u5916\u56fd\u6295\u8d44\u8005\u5e76\u8d2d\u5883\u5185\u4f01\u4e1a\u5b89\u5168\u5ba1\u67e5\u5236\u5ea6\u7684\u901a\u77e5\u300b\uff08\u56fd\u529e\u53d1[2011]6\u53f7\uff09\u5f00\u59cb\u5b9e\u884c\u3002\u7ed3\u679c\uff0c\u5f53\u5730\u5b98\u5458\u53eb\u505c\u4e86\u8be5\u4ea4\u6613\uff0c\u8ba4\u4e3a\u8be5\u4ea4\u6613\u53ef\u80fd\u9700\u63a5\u53d7\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u3002<\/p>\n<p style=\"text-align: justify;\">\u201c\u53bb\u5546\u52a1\u90e8\u53d6\u5f97\u6279\u51c6\u8981\u8017\u65f6\u6570\u6708\u4e4b\u4e45\uff0c\u6211\u4eec\u6700\u7ec8\u6ca1\u6709\u9009\u62e9\u53bb\u5546\u52a1\u90e8\uff0c\u800c\u662f\u52aa\u529b\u5728\u5730\u65b9\u5c42\u9762\u89e3\u51b3\u95ee\u9898\u3002\u201d\u5468\u6c40\u89e3\u91ca\u8bf4\u3002\u5176\u5ba2\u6237\u201c\u4e0e\u5f53\u5730\u4e3b\u7ba1\u673a\u6784\u8fdb\u884c\u4e86\u6570\u6b21\u5546\u8c08\uff0c\u4ecb\u7ecd\u4e86\u5728\u5f53\u5730\u8ffd\u52a0\u6295\u8d44\u7684\u8ba1\u5212\u201d\uff0c\u4ee5\u8fd9\u79cd\u65b9\u5f0f\u201c\u4f5c\u4e3a\u6760\u6746\u63a8\u52a8\u4e86\u4e8b\u60c5\u7684\u53d1\u5c55\u201d\u3002\u6700\u7ec8\uff0c\u5f53\u5730\u4e3b\u7ba1\u673a\u6784\u540c\u610f\u5468\u5f8b\u5e08\u7684\u5ba2\u6237\u4e0d\u9700\u63a5\u53d7\u5546\u52a1\u90e8\u7684\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u3002<\/p>\n<p style=\"text-align: justify;\">\u5927\u6210\u5f8b\u5e08\u4e8b\u52a1\u6240\u5408\u4f19\u4eba\u6234\u5065\u6c11\u66fe\u5e2e\u52a9\u4e00\u4f4d\u6295\u8d44\u519c\u4e1a\u9886\u57df\u7684\u5ba2\u6237\u901a\u8fc7\u4e86\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u3002\u5176\u5ba2\u6237\u5f53\u65f6\u6b63\u5728\u6536\u8d2d\u76ee\u6807\u4f01\u4e1a20%\u7684\u80a1\u6743\uff0c\u4f3c\u4e4e\u4e0d\u4f1a\u901a\u8fc7\u4ea4\u6613\u6587\u4ef6\u7684\u6761\u6b3e\u53d6\u5f97\u201c\u63a7\u5236\u6743\u201d\u3002\u4f46\u5f53\u5730\u5546\u52a1\u4e3b\u7ba1\u90e8\u95e8\u8ba4\u4e3a\u8be5\u4ea4\u6613\u53ef\u80fd\u4ecd\u7136\u5c5e\u4e8e\u5b89\u5168\u5ba1\u67e5\u7684\u8303\u56f4\uff0c\u56e0\u6b64\u8fd8\u662f\u5bf9\u4ea4\u6613\u4f5c\u51fa\u4e86\u76f8\u5e94\u5ba1\u67e5\u3002\u5176\u5ba2\u6237\u6700\u7ec8\u901a\u8fc7\u4e86\u5ba1\u67e5\u3002<\/p>\n<p style=\"text-align: justify;\">\u4ece\u4e0a\u8ff0\u6848\u4f8b\u53ef\u4ee5\u770b\u51fa\uff0c\u5730\u65b9\u673a\u6784\u5bf9\u5728\u5177\u4f53\u60c5\u5f62\u4e0b\u662f\u5426\u9002\u7528\u5b89\u5168\u5ba1\u67e5\uff0c\u65e2\u5341\u5206\u8c28\u614e\uff0c\u53c8\u4f3c\u4e4e\u65e0\u6240\u9002\u4ece\u3002<\/p>\n<p style=\"text-align: justify;\">\u4e0d\u8fc7\uff0c\u6234\u5065\u6c11\u6307\u51fa\uff0c\u6b63\u5982\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u53ef\u80fd\u4f1a\u56e0\u8c28\u614e\u7684\u6001\u5ea6\u800c\u5e94\u7528\u4e8e\u66f4\u5e7f\u7684\u8303\u56f4\uff0c\u653f\u5e9c\u5b98\u5458\u4e5f\u53ef\u80fd\u56e0\u8c28\u614e\u800c\u4e0d\u6562\u8f7b\u6613\u501f\u5b89\u5168\u5ba1\u67e5\u963b\u6b62\u4ea4\u6613\u3002\u6bd5\u7adf\uff0c\u8c01\u90fd\u4e0d\u60f3\u5f00\u4e00\u4e2a\u4e0d\u597d\u7684\u5148\u4f8b\u3002<\/p>\n<p style=\"text-align: justify;\">\u53e6\u4e00\u4e2a\u95ee\u9898\u662f\uff0c\u5404\u5730\u5bf9\u662f\u5426\u9002\u7528\u5b89\u5168\u5ba1\u67e5\u770b\u6cd5\u4e0d\u4e00\u3002\u4e0d\u540c\u7701\u4efd\uff0c\u5173\u6ce8\u7684\u4e5f\u4e0d\u540c\u3002\u535a\u9510\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u4e0a\u6d77\u7684\u5408\u4f19\u4eba\u90d1\u6a11\u8868\u793a\uff0c\u201c\u6211\u4eec\u62c5\u5fc3\uff0c\u4e00\u4e9b\u7701\u4efd\u8981\u6c42\u53d6\u5f97[\u5b89\u5168\u5ba1\u67e5\u7684]\u6279\u51c6\uff0c\u800c\u53e6\u4e00\u4e9b\u5219\u4e0d\u8981\u6c42\u201d\uff0c\u6240\u4ee5\u4e00\u5b9a\u8981\u201c\u4ed4\u7ec6\u54a8\u8be2\u5f53\u5730\u4e3b\u7ba1\u673a\u6784\uff0c\u4e86\u89e3\u6e05\u695a\u5b89\u5168\u5ba1\u67e5\u662f\u5426\u9002\u7528\u201d\u3002<\/p>\n<p style=\"text-align: justify;\">\u6b63\u5f0f\u7684\u7533\u62a5\u524d\u54a8\u8be2\u673a\u5236\u662f\u5b58\u5728\u7684\u3002\u54a8\u8be2\u4ec5\u9650\u4e8e\u7a0b\u5e8f\u65b9\u9762\u7684\u95ee\u9898\uff0c\u4e0d\u8fc7\u5728\u5b9e\u8df5\u4e2d\uff0c\u54a8\u8be2\u7684\u8303\u56f4\u53ef\u4ee5\u66f4\u5e7f\u3002\u7136\u800c\uff0c\u4efb\u4f55\u54a8\u8be2\u7684\u7ed3\u679c\u90fd\u4e0d\u5177\u7ea6\u675f\u529b\uff0c\u4e5f\u6ca1\u6709\u6cd5\u5f8b\u6548\u529b\u3002<\/p>\n<p style=\"text-align: justify;\">\u5b89\u5168\u5ba1\u67e5\u6709\u53ef\u80fd\u6301\u7eed\u4e24\u5230\u56db\u4e2a\u6708\u7684\u65f6\u95f4\u751a\u81f3\u66f4\u4e45\uff0c\u8fd9\u53ef\u4ee5\u5bf9\u4ea4\u6613\u7684\u8fdb\u7a0b\u4ea7\u751f\u91cd\u5927\u5f71\u54cd\u3002\u800c\u4e14\uff0c\u56fd\u5bb6\u5b89\u5168\u5ba1\u67e5\u3001\u53cd\u5784\u65ad\u5ba1\u67e5\u548c\u5e38\u89c4\u6027\u5916\u8d44\u5ba1\u67e5\u5e76\u4e0d\u80fd\u540c\u65f6\u8fdb\u884c\u3002\u5b89\u7406\u56fd\u9645\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u5317\u4eac\u7684\u5408\u4f19\u4ebaFrancois Renard\u8ba4\u4e3a\uff0c\u8fd9\u4f1a\u4f7f\u4ea4\u6613\u8fdb\u7a0b\u201c\u78d5\u78d5\u7eca\u7eca\u201d\uff0c\u6709\u53ef\u80fd\u4ee4\u4ea4\u6613\u4e25\u91cd\u903e\u671f\u751a\u81f3\u6d41\u4ea7\u3002<\/p>\n<\/section>\n<p>&nbsp;<\/p>\n<section class=\"vantage-bg-beige\">\n<h2 class=\"headline-box\" lang=\"en-US\" style=\"text-align: justify;\"><strong><span style=\"color: #ff0000;\">\u53cd\u5784\u65ad\u5ba1\u67e5<\/span><\/strong><\/h2>\n<p class=\"Body-text-Justify\" style=\"text-align: justify;\"><span class=\"Drop-cap-red CharOverride-40\">\u6cf0\u4e50\u4fe1\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u4e0a\u6d77\u7684\u5408\u4f19\u4ebaSven-Michael Werner\u4ecb\u7ecd\u8bf4\uff0c\u53cd\u5784\u65ad\u5e76\u8d2d\u5ba1\u67e5\u4e00\u7ecf\u51fa\u53f0\uff0c\u5404\u5f8b\u5e08\u4e8b\u52a1\u6240\u5c31\u7acb\u523b\u4f5c\u51fa\u53cd\u5e94\uff0c\u7eb7\u7eb7\u5c06\u5176\u53cd\u5784\u65ad\u9886\u57df\u7684\u4e13\u5bb6\u4ece\u5176\u4ed6\u5730\u65b9\u8c03\u81f3\u4e2d\u56fd\u3002Renard\u4ecb\u7ecd\u8bf4\uff0c\u867d\u7136\u4e2d\u56fd\u7684\u53cd\u5784\u65ad\u5e76\u8d2d\u5ba1\u67e5\u6bd4\u5176\u4ed6\u6cd5\u57df\u7684\u7c7b\u4f3c\u5ba1\u67e5\u8017\u65f6\u66f4\u957f\uff0c\u4f46\u6d89\u53ca\u7684\u95ee\u9898\u5374\u662f\u5927\u540c\u5c0f\u5f02\u3002<\/span><\/p>\n<p style=\"text-align: justify;\">CMS\u4e2d\u56fd\u6267\u884c\u5408\u4f19\u4eba\u90ac\u4e3d\u798f\u8bf4\uff1a\u201c\u591a\u6570\u5e76\u8d2d\u4ea4\u6613\u90fd\u83b7\u5f97\u4e86\u5546\u52a1\u90e8\u6279\u51c6\uff0c\u53ea\u6709\u4e2a\u522b\u4ea4\u6613\u7684\u6279\u51c6\u5e26\u6709\u9644\u52a0\u6761\u4ef6\u3002\u201d\u8fc4\u4eca\u4e3a\u6b62\uff0c\u552f\u4e00\u672a\u83b7\u6279\u51c6\u7684\u53ea\u6709\u53ef\u53e3\u53ef\u4e50\u5e76\u8d2d\u6c47\u6e90\u679c\u6c41\u4e00\u6848\u3002\uff08\u53c2\u770b\u7b2c32\u9875\u300a\u5e1d\u4e9a\u5409\u6b27\u6536\u8d2d\u4e2d\u56fd\u9a70\u540d\u767d\u9152\u54c1\u724c\u300b\u4e00\u6587\uff09<\/p>\n<p style=\"text-align: justify;\">\u6c83\u5c14\u739b\u4e2d\u56fd\u533a\u5e76\u8d2d\u4e1a\u52a1\u603b\u76d1\u6797\u4f1f\u5f3a\u8868\u793a\uff0c\u4e1a\u754c\u201c\u8d8a\u6765\u8d8a\u4e86\u89e3\u76d1\u7ba1\u673a\u6784\u7684\u7acb\u573a\u201d\u3002<\/p>\n<p style=\"text-align: justify;\">\u4e0d\u8fc7\uff0c\u4ecd\u6709\u4eba\u8d28\u7591\uff0c\u5883\u5185\u4e0e\u5883\u5916\u4f01\u4e1a\u5728\u5e76\u8d2d\u5ba1\u67e5\u65b9\u9762\u662f\u5426\u53d7\u5230\u4e86\u5e73\u7b49\u5bf9\u5f85\u3002\u4e00\u4f4d\u4e0d\u613f\u900f\u9732\u59d3\u540d\u7684\u5f8b\u5e08\u8ba4\u4e3a\uff0c\u89c4\u5219\u7684\u8fd0\u7528\u7f3a\u4e4f\u4e00\u81f4\u6027\u3002<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"vantage-red\"><strong>\u5ba1\u67e5\u671f\u9650<\/strong><\/span><\/h2>\n<p style=\"text-align: justify;\">\u8bfa\u987f\u7f57\u6c0f\u5f8b\u5e08\u4e8b\u52a1\u6240\u5408\u4f19\u4ebaMarc Waha\u4ecb\u7ecd\u8bf4\uff0c\u5c3d\u7ba1\u89c4\u5219\u7684\u51fa\u53f0\u65e8\u5728\u9610\u660e\u5546\u52a1\u90e8\u6267\u884c\u53cd\u5784\u65ad\u5e76\u8d2d\u5ba1\u67e5\u7684\u7a0b\u5e8f\uff0c\u4f46\u201c\u5ba2\u6237\u5bf9\u5546\u52a1\u90e8\u7684\u7a0b\u5e8f\u53ca\u5b9e\u8d28\u6027\u5206\u6790\u7b49\u91cd\u8981\u95ee\u9898\uff0c\u4f9d\u7136\u4e0d\u660e\u786e\u201d\u3002<\/p>\n<p style=\"text-align: justify;\">\u5e76\u8d2d\u5ba1\u67e5\u521d\u5ba1\u7684\u671f\u9650\u662f30\u5929\u3002\u5982\u9700\u8981\u8fdb\u4e00\u6b65\u5ba1\u67e5\uff0c\u8fdb\u4e00\u6b65\u5ba1\u67e5\u7684\u671f\u9650\u662f90\u5929\uff1b\u5728\u4e2a\u522b\u60c5\u5f62\u4e0b\uff0c\u8fdb\u4e00\u6b65\u5ba1\u67e5\u7684\u671f\u9650\u53ef\u518d\u5ef6\u957f60\u5929\u3002\u4e0d\u8fc7\uff0c\u53ea\u6709\u5728\u5546\u52a1\u90e8\u8ba4\u53ef\u4e86\u7533\u62a5\u8d44\u6599\u7684\u5b8c\u5907\u6027\u540e\uff0c\u624d\u4f1a\u5f00\u59cb\u521d\u6b65\u5ba1\u67e5\uff0c\u800c\u5ba1\u67e5\u524d\u6838\u5b9e\u8d44\u6599\u53ca\u8981\u6c42\u8865\u4ea4\u8d44\u6599\u7684\u5de5\u4f5c\uff0c\u5374\u662f\u6ca1\u6709\u671f\u9650\u8981\u6c42\u7684\u3002\u9664\u6b64\u4e4b\u5916\uff0cWaha\u8ba4\u4e3a\uff0c\u201c\u5728\u5b9e\u8df5\u4e2d\uff0c\u5546\u52a1\u90e8\u7684\u804c\u6743\u5f88\u5e7f\uff0c\u53ef\u4ee5\u5ba3\u79f0\u7533\u62a5\u4e0d\u5b8c\u6574\u800c\u505c\u6b62\u5ba1\u67e5\u201d\u3002<\/p>\n<p style=\"text-align: justify;\">\u5fb7\u6c47\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u4e0a\u6d77\u7684\u5f8b\u5e08\u9ec4\u6625\u4f1f\u6ce8\u610f\u5230\uff0c\u8fdb\u5165\u7b2c\u4e8c\u9636\u6bb5\u5ba1\u67e5\u7684\u4ea4\u6613\u6570\u91cf\u6b63\u5728\u589e\u52a0\uff0c\u4f46\u8868\u793a\u4e0d\u6e05\u695a\u80cc\u540e\u7684\u539f\u56e0\u3002<\/p>\n<p style=\"text-align: justify;\">\u4e3a\u51cf\u8f7b\u4ea4\u6613\u62d6\u5ef6\u7684\u98ce\u9669\uff0c\u5546\u52a1\u90e8\u5141\u8bb8\u7533\u62a5\u8005\u8fdb\u884c\u7533\u62a5\u524d\u5546\u8c08\u3002<\/p>\n<p style=\"text-align: justify;\">\u4f46Renard\u8bf4\uff0c\u8d1f\u8d23\u7533\u62a5\u524d\u5546\u8c08\u7684\u672a\u5fc5\u662f\u4f5c\u6700\u7ec8\u51b3\u5b9a\u7684\u5b98\u5458\u3002\u8d1f\u8d23\u5546\u8c08\u7684\u5b98\u5458\u901a\u5e38\u6001\u5ea6\u8c28\u614e\uff0c\u5728\u7533\u62a5\u771f\u6b63\u5f00\u59cb\u524d\u4e5f\u4e0d\u592a\u613f\u610f\u5bf9\u4ea4\u6613\u5b9e\u8d28\u4f5c\u51fa\u8868\u6001\u3002<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"vantage-red\"><strong>\u672a\u96e8\u7ef8\u7f2a \u79ef\u6781\u4e3b\u52a8<\/strong><\/span><\/h2>\n<p style=\"text-align: justify;\">\u5927\u6210\u5f8b\u5e08\u4e8b\u52a1\u6240\u5408\u4f19\u4eba\u6234\u5065\u6c11\u8ba4\u4e3a\uff0c\u5173\u952e\u662f\u8981\u505a\u597d\u51c6\u5907\u3001\u201c\u5c3d\u65e9\u53d1\u73b0\u95ee\u9898\u201d\uff0c\u201c\u5728\u8003\u8651\u4ea4\u6613\u7ed3\u6784\u3001\u62df\u5b9a\u4ea4\u6613\u65f6\u95f4\u8868\u7684\u8fc7\u7a0b\u4e2d\u201d\u5e94\u5c06\u53cd\u5784\u65ad\u5e76\u8d2d\u5ba1\u67e5\u8fd9\u4e00\u56e0\u7d20\u8003\u8651\u5728\u5185\u3002<\/p>\n<p style=\"text-align: justify;\">\u90ac\u4e3d\u798f\u4e5f\u6301\u6709\u540c\u6837\u7684\u89c2\u70b9\uff1a\u201c\u628a\u5e76\u8d2d\u5ba1\u67e5\u7eb3\u5165\u6574\u4e2a\u4ea4\u6613\u7684\u65f6\u95f4\u8868\u4e2d\uff0c\u5c3d\u65e9\u51c6\u5907\u5e76\u8d2d\u5ba1\u67e5\u7684\u7533\u62a5\u5de5\u4f5c\u3002\u201d \u5965\u777f\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u5317\u4eac\u7684\u5408\u4f19\u4eba\u6ee1\u8fd0\u9f99\u8ba4\u4e3a\uff0c\u7533\u62a5\u4eba\u5e94\u8be5\u201c\u4e25\u683c\u9075\u5faa\u7a0b\u5e8f\u89c4\u5b9a\u201d\u3002<\/p>\n<p><a href=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u90ac\u4e3d\u798f-Ulrike-Glueck.jpg\"><img class=\"alignleft size-medium wp-image-194822\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u90ac\u4e3d\u798f-Ulrike-Glueck-300x300.jpg\" alt=\"\" width=\"300\" height=\"300\" srcset=\"https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u90ac\u4e3d\u798f-Ulrike-Glueck-300x300.jpg 300w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u90ac\u4e3d\u798f-Ulrike-Glueck-150x150.jpg 150w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u90ac\u4e3d\u798f-Ulrike-Glueck-420x420.jpg 420w, https:\/\/law.asia\/wp-content\/uploads\/2011\/11\/\u90ac\u4e3d\u798f-Ulrike-Glueck.jpg 500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">Werner\u8ba4\u4e3a\uff0c\u201c\u7533\u62a5\u6587\u4ef6\u548c\u8d44\u6599\u7684\u51c6\u5907\u4e00\u5b9a\u8981\u5b89\u6392\u5f97\u5468\u5bc6\u534f\u8c03\uff0c\u8fd9\u662f\u6700\u91cd\u8981\u7684\u201d\uff0c\u5982\u679c\u9700\u8981\u540c\u65f6\u4f5c\u591a\u9879\u7533\u62a5\uff0c\u5219\u6240\u6709\u7533\u62a5\u90fd\u5e94\u201c\u7edf\u4e00\u5904\u7406\u201d\u3002<\/p>\n<p style=\"text-align: justify;\">\u666e\u6d1b\u601d\u5f8b\u5e08\u4e8b\u52a1\u6240\u5728\u9999\u6e2f\u7684\u5408\u4f19\u4eba\u5f20\u4f1f\u9882\u8fd8\u8ba4\u4e3a\uff0c\u201c\u534f\u8c03\u597d\u65f6\u95f4\u201d\u4ee5\u53ca\u786e\u4fdd\u7533\u62a5\u8d44\u6599\u201c\u4e92\u76f8\u4e00\u81f4\u201d\uff0c\u8fd9\u4e9b\u4e5f\u662f\u201c\u81f3\u5173\u91cd\u8981\u7684\u201d\u3002<\/p>\n<p style=\"text-align: justify;\">\u53cd\u5784\u65ad\u5ba1\u67e5\u7533\u62a5\u6240\u9700\u7684\u4e2d\u56fd\u5e02\u573a\u6570\u636e\u6536\u96c6\u5de5\u4f5c\u53ef\u80fd\u9887\u8d39\u5468\u7ae0\u3002\u6ee1\u8fd0\u9f99\u8bf4\uff1a\u201c\u7f51\u7ad9\u6216\u8d38\u6613\u534f\u4f1a\u53ef\u4ee5\u63d0\u4f9b\u6709\u7528\u7684\u4fe1\u606f\uff0c\u4f46\u4e5f\u6709\u5c40\u9650\u3002\u201d \u6234\u5065\u6c11\u89e3\u91ca\u8bf4\uff0c\u201c\u4ece\u56fd\u5bb6\u7edf\u8ba1\u5c40\u8fd9\u6837\u7684\u516c\u5f00\u4fe1\u606f\u6765\u6e90\uff0c\u901a\u5e38\u5f88\u96be\u5f97\u5230\u4f60\u60f3\u8981\u7684\u6570\u636e\u201d\uff0c\u56e0\u6b64\u53ef\u4ee5\u8003\u8651\u627e\u4e00\u5bb6\u53e3\u7891\u597d\u7684\u5e02\u573a\u7814\u7a76\u516c\u53f8\u6765\u6536\u96c6\u76f8\u5173\u4fe1\u606f\u3002<\/p>\n<\/section>\n<p>&nbsp;<\/p>\n<section class=\"vantage-bg-grey\">\n<h2 class=\"headline-box\" lang=\"en-US\" style=\"text-align: justify;\"><strong><span style=\"color: #ff0000;\">\u5e1d\u4e9a\u5409\u6b27\u6536\u8d2d\u4e2d\u56fd\u9a70\u540d\u767d\u9152\u54c1\u724c<\/span><\/strong><\/h2>\n<p class=\"Body-text-Justify\" style=\"text-align: justify;\"><span class=\"Drop-cap-red CharOverride-40\">\u53bb\u5e74\u6807\u5fd7\u6027\u7684\u4ea4\u6613\u4e4b\u4e00\uff0c\u662f\u5e1d\u4e9a\u5409\u6b27\u516c\u53f8\u6536\u8d2d\u4e86\u56db\u5ddd\u6210\u90fd\u5168\u5174\u96c6\u56e24%\u7684\u80a1\u6743\uff0c\u603b\u6301\u80a1\u6bd4\u4f8b\u589e\u52a0\u81f353%\u3002\u8fd9\u6b21\u6536\u8d2d\u4f7f\u5e1d\u4e9a\u5409\u6b27\u6210\u4e3a\u56db\u5ddd\u6c34\u4e95\u574a\u516c\u53f8\u7684\u95f4\u63a5\u63a7\u80a1\u80a1\u4e1c\u3002\u56db\u5ddd\u6c34\u4e95\u574a\u516c\u53f8\u662f\u4e0a\u4ea4\u6240\u7684\u4e0a\u5e02\u516c\u53f8\uff0c\u5176\u751f\u4ea7\u7684\u6c34\u4e95\u574a\u9152\u662f\u8457\u540d\u7684\u767d\u9152\u54c1\u724c\u3002<\/span><\/p>\n<p class=\"Body-text-Justify\" style=\"text-align: justify;\">\u5e1d\u4e9a\u5409\u6b27\u5df2\u7533\u8bf7\u8bc1\u76d1\u4f1a\u6279\u51c6\u5176\u4ee5\u6bcf\u80a121.45\u5143\u4eba\u6c11\u5e01\u7684\u4ef7\u683c\uff0c\u5bf9\u56db\u5ddd\u6c34\u4e95\u574a\u6240\u6709\u5df2\u53d1\u884c\u80a1\u4efd\u8fdb\u884c\u5f3a\u5236\u8981\u7ea6\u6536\u8d2d\u3002\u5982\u679c\u5176\u4ed6\u6240\u6709\u80a1\u4e1c\u90fd\u63a5\u53d7\u8be5\u8981\u7ea6\uff0c\u5219\u5e1d\u4e9a\u5409\u6b27\u9700\u652f\u4ed8\u7684\u91d1\u989d\u5c06\u7ea6\u4e3a63\u4ebf\u4eba\u6c11\u5e01\u3002<\/p>\n<p class=\"Body-text-Justify\" style=\"text-align: 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class=\"Body-text-Justify\" style=\"text-align: justify;\">\u867d\u7136\u5e1d\u4e9a\u5409\u6b27\u7684\u6536\u8d2d\u4ea4\u6613\u5e76\u4e0d\u7275\u6d89\u53cd\u5784\u65ad\u95ee\u9898\uff0c\u4f46\u5916\u8d44\u5982\u6b64\u9ad8\u8c03\u5730\u6536\u8d2d\u4e00\u4e2a\u4e2d\u56fd\u9a70\u540d\u54c1\u724c\uff0c\u5374\u662f\u4ece\u672a\u6709\u8fc7\u7684\u3002<\/p>\n<p class=\"Body-text-Justify\" style=\"text-align: justify;\">\u6b64\u6b21\u4ea4\u6613\u4e8e\u516d\u6708\u516c\u5e03\uff0c\u6b63\u503c\u82f1\u56fd\u9996\u76f8\u6234\u7ef4\u2022\u5361\u6885\u4f26\u8bbf\u534e\u4e4b\u9645\u3002\u4ee5\u6b64\u89c2\u4e4b\uff0c\u6216\u8bb8\u8fd9\u9879\u4ea4\u6613\u8981\u53d6\u5f97\u8fdb\u5c55\uff0c\u79bb\u4e0d\u5f00\u9ad8\u5c42\u7684\u6e38\u8bf4\u548c\u6c9f\u901a\u3002<\/p>\n<p class=\"Body-text-Justify\" style=\"text-align: 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