论证券交易中的契约责任

契约在证券交易中起基础性作用,因此契约责任是证券交易中的基本责任类型之一;各国为保护投资者利益和证券市场交易的效率,在加强信息披露和反欺诈方面都有相应的立法,契约责任和侵权责任竞合在证券交易中比较常见,责任构成要求相互嬗变。仲裁约定在证券交易中的普遍应用,金融衍生业务的迅速发展,也加强了契约责任在证券交易中的作用。 

Contractual Obligations in Securities Transactions

Contract plays a fundamental role in securities transactions, thus, contractual obligations are one of the basic types of obligations and liabilities in securities transactions. For protecting the interest of investors and the efficiency of the securities markets, nations have adopted corresponding legislations on strengthening information disclosure and on preventing and fighting against frauds, and it is usual that contractual obligations and tort liabilities are concurrent in securities, which civil liabilities have evidenced a progressive dilution of requirements. The increasingly popular adoption of arbitration clauses in securities transactions and the rapid development of financial derivatives also witnessed and reinforced the fundamental role of contractual obligations in securities transactions.