本論文主要探討發行可轉換公司債資訊揭露不實之民事責任,並透過介紹歌林股份有限公司以發行可轉換公司債之方式進行證券詐欺之案例,來實際檢討此議題。 本論文共分六章,第一章緒論:介紹本論文之研究動機、目的及研究方法與範圍;第二章發行可轉換公司債之相關法規之規定:介紹可轉換公司債之定義、特性、優點及我國可轉換公司債發行之相關規定,並簡介歌林案之始末;第三章證券發行資訊揭露不實之民事責任一美國法規範:從學理及實務觀點,逐一檢討美國法對於資訊揭露不實責任之相關規範;第四章證券發行資訊揭露不實之民事責任一我國法規範:介紹我國證券交易法關於資訊揭露不實之民事責任的相關規範,包括一般反詐欺條款(證券交易法第20條第1項及第3項)、財報不實(證券交易法第20條第2項及第20條之1)、公開說明書之交付及公開說明書虛偽或隱匿民事責任(證券交易法第31條及第32條)等,並細分各請求權基礎之構成要件,從理論與實務一一檢討;第五章歌林案檢討:綜合上述幾章之研究心得,透過歌林股份有限公司發行可轉換公司債之案例,檢討我國證券交易法對發行資訊揭露不實之犯罪行為,規範是否充足;第六章結論與建議:參酌美國法及我國實務、學者之見解,就我國證券資訊揭露不實之相關規定,提出解釋上及立法上之建議。
This thesis is primarily about discussing "Civil Liability of Misrepresentation by Issuing Convertible Bonds (CB)". This thesis is composed of 6 chapters. The first chapter is the introduction of the motives conducting the research, its purpose, methodology and range of study. The second chapter will cover the regulations concerning convertible bonds and representation by the introduction of the CB and the related laws and regulations of issuing such bonds in Taiwan. In chapter three, we will examine the related laws in the United States of America. Next to chapter three, related laws and regulations in Taiwan will be introduced, including related civil obligations on prospectus (Article 31 and 32 of Securities and Exchange Act),general antifraud rules (Article 20 of Securities and Exchange Act) and misrepresentation of a financial statement (Article 20 and 20-1 of Securities and Exchange Act). The requirements of claiming compensation will also be examined based on theories and actual law practices. Based on the discussion of the Case of the Kolin Company, the sufficiency of the Taiwanese legal regulations concerning the misrepresentation of the issuance of convertible bonds will be examined. In the final chapter, the author's explanations and suggestions for future legislation on the related laws concerning misrepresentation will be provided based on the reference of the U.S. laws, the researches and studies conducted by Taiwanese scholars.