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股权转让乃私法交易,而私法交易中的正义属正义网束中的交换正义。交换正义是一种过程正义,而非结果正义;交换正义所体现的交易公平是“主观等价型”的公平。无论如何理解,私法正义最终都将归结为“私法自治”。故设定强制性规则,要求某类企业的股权转让必须按照净资产值衡定转让价格,欠缺正当性。股权收购定价应回归“私法自治”。
Equity transfers are private law transactions, while justice in private law transactions is the exchange of justice in the justice net. Exchange justice is a process of justice, rather than the result of justice; exchange justice embodied in fairness is the “subjective equivalent” fair. In any case, the justice of private law will eventually come down to “self-government of private law.” Therefore, the establishment of mandatory rules, requiring a certain type of enterprise equity transfer must be based on the net asset value of the transfer price, the lack of legitimacy. Equity acquisition pricing should return to “private law autonomy.”