外國企業來台第一上市（櫃）的法律及監理風險初探：再生案與中晶案觀察

The Legal Crisis and Regulations Crisis of Overseas Issuers'IPO in Taiwan: Cases of F-再生and F-中晶

本文初探外國企業來台第一上市（櫃）的法律及監理風險，以再生案與中晶案為觀察。本文指出，法律風險包括未強化第一上市（櫃）公司的資訊揭露與查核機制、未強制放空交易的資訊揭露、未建立個股斷路機制、未明定陸資持股總額不得逾50%等申請條件。監理風險包括監理者的法律執行不一致、新聞稿時間點倉促，違反事實理由之說明過於簡略。以上，都值得台灣營業機構、行政機關從法制面及監理作為面進行檢討與修正。

The topic of this article is to explore the legal crisis and regulations crisis of overseas issuers’IPO in Taiwan, and it focuses the cases of F-再生and F-中晶. The finding of this article, it’s to be worth that the trade institution and administration improve the self-criticism and change on legal and regulations.