香港双语法律 – 《公司收購、合併及股份購回守則》之引言部分

 

THE CODES ON TAKEOVERS AND MERGERS AND SHARE REPURCHASES

In addition to the General Principles, each of the Codes contains a series of Rules, some of which are effectively expansions of the General Principles and examples of their application and others are rules of procedure designed to govern specific types of takeovers, mergers or share repurchases. Although the Rules are expressed in more detailed language than the General Principles, they, like the General Principles, are to be interpreted to achieve their underlying purposes. Accordingly, each of the Codes, through the General Principles, may apply to situations not specifically covered by any Rule. Therefore, the spirit of the Rules must be observed as well as their letter and the Executive and the Panel may each modify or relax the application of a Rule if it considers that, in the particular circumstances of the case, strict application of a Rule would operate in an unnecessarily restrictive or unduly burdensome, or otherwise inappropriate, manner.

除了一般原則之外,每份守則都載有一系列規則,其中有些實際上擴充一般原則的內容和載述一般原則應用的實例,其他的規則是管轄特定類別的收購、合併或股份購回的程序規則。雖然規則所使用的語言較一般原則的詳細得多,但它們像一般原則一樣,都必須經過詮釋才能達到其背後的目的。因此,每份守則都可通過一般原則,適用於任何規則中未有涵蓋的特定情況。因此,必須遵守規則的精神及其具體條文,而執行人員及委員會如認為在某個案的特殊情況下,嚴格執行規則會造成不必要的限制或沉重的負擔,或在其他方面造成不恰當的情況時,便可能會各自修改或放寬規則的執行。

《公司收購、合併及股份購回守則》

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