M&A에 대한 商法上의 주요 방어수단과 適法性

Abstract

우리나라에서도 적대적 M&A가 이루어지기 시작했다. 그러나 종래 上場會社의 경영권 보호장치로써 작용하여 온 증권거래법 제200조가 폐지됨에 따라, 국내기업들은 이제 스스로 회사차원에서 방어수단을 강구하지 않으면 안되게 되었다. 이에 本稿에서는 M&A에 대한 商法上의 주요 방어수단과 그 適法性에 관하여 고찰하였다.

Hostile M&A begins to happen in Korea, too. But, as a result of the abolishment of the Sec. 200 of the Securities Exchange Act, domestic company must devise the defensive tactics for itself on the level of company. The Sec. 200 has worked to protect the management right of the listed company. So the writer examines the major defensive tactics against M&A and its legality in Korean Commercial Law.

Hostile M&A begins to happen in Korea, too. But, as a result of the abolishment of the Sec. 200 of the Securities Exchange Act, domestic company must devise the defensive tactics for itself on the level of company. The Sec. 200 has worked to protect the management right of the listed company. So the writer examines the major defensive tactics against M&A and its legality in Korean Commercial Law.