The Legislative Path for Inheritance to Constitute Acquisition of Listed Companies
China's current basic system for the regulation of takeovers of listed companies does not provide a clear definition of"acquisi-tion",and in practice,there is a major controversy over whether the acquisition of shares of a listed company through inheritance be-comes a controlling shareholder constitutes an acquisition.It should be clarified that the core consideration of the acquisition of listed companies is the right of control,clear inheritance of the right of control constitutes the acquisition of the legislative path and system to achieve,such as the legislation does not specify the inheritance constitutes the acquisition,it is recommended to set up a period for se-lection by the heir to express the will of the acquisition;such as the legislation is directly clear that the inheritance constitutes the ac-quisition,it is recommended that exempted from the heir's subsequent lock-up period requirements.
acquisition of listed companiesinheritancecontrol powerthe legislative path