Research on the legal restrictions of an economic crime-In particular, about the crime on the Securities Exchange Act and Antimonopoly Law.-

经济犯罪的法律限制研究——特别是证券交易法和反垄断法上的犯罪——

• 批准号: 17530051
• 负责人: NAGAI Choshin
• 金额: $ 2.28万
• 依托单位: HOKKAIDO UNIVERSITY
• 依托单位国家: 日本
• 项目类别: Grant-in-Aid for Scientific Research (C)
• 财政年份: 2005
• 资助国家: 日本
• 起止时间: 2005 至 2007
• 项目状态: 已结题
• 来源: https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-17530051/
• 关键词: insider trading; market manipulation; hard-core cartel; bid rigging; economic crime; 経済刑法

This research studied the state of the legal restrictions concerning an economic crime. It was made from the insider trading crime, the market manipulation crime, and the crime of unjust restrictive trade, and they were studied in comparison method.By the EU Directive, Germany and France have criminalized in securities trading regulation. In the EU competing method, a fine is imposed to misconduct.However, a hard-core cartel is punished in Britain. Bid rigging is punished even in Germany.In the United States, various sanctions including criminal punishment are prepared to the economic crime.In Japan, the surcharge system was newly introduced into the Securities Exchange Act.Also in Antimonopoly Law, the sanction system was improved radically. My research examined the problem on the interpretation theory of the current law, caring about the movement toward legal revision.In the result-of-research report, I examined concretely the formation element of the above-mentioned crime in Japan. For example, the court in Japan has taken the interpretation attitude quite "substantial" in the interpretation of an insider trading crime.Although the state of mind which can be said also as the eventually consciousness of the illegality was advantageously taken into consideration on assessment of a case in the Murakami Fund incident, there is much criticism from practical feeling. The latest judicial precedent understood the character of the crime of unjust restrictive trade as a continuing crime. However, it is not necessary to take such law composition from the position which considers an act of committing a crime to be joint execution. Moreover, also in the actual case, I pointed out that did not have few examples which cannot be said to be a continuing crime.

本研究对经济犯罪的法律限制状况进行了研究。从内幕交易罪、操纵市场罪和不正当限制交易罪三个方面对其进行了比较研究。根据欧盟指令，德国和法国对证券交易进行了犯罪化规制。在欧盟的竞争法中，对不当行为处以罚款。然而，在英国，核心卡特尔受到惩罚。甚至在德国也有对串通投标行为的惩罚。在美国，针对经济犯罪准备了包括刑事处罚在内的各种制裁措施。在日本，证券交易法中新引入了附加费制度。在反垄断法中，制裁制度也得到了根本性的完善。我的研究着眼于法律修改运动，考察了现行法律解释理论的问题，在研究结果报告中，具体考察了日本上述罪行的构成要件。例如，日本法院在对一起内幕交易犯罪的解释中采取了相当“实质性”的解释态度，尽管在对村上基金事件的案件进行评估时，有利地考虑了可以说也是违法性最终意识的心态，但也有很多来自实际感受的批评。最新的司法判例将不公正限制贸易罪的性质理解为持续犯罪。然而，没有必要从犯罪行为被认为是共同执行的立场来看待这种法律构成。而且，同样在实际案例中，我也指出了不能说是持续犯罪的例子不少。

项目成果

村上ファンド事件-何が問題か?

村上基金事件 - 问题出在哪里？

• 发表时间: 2006
• 期刊: 法学セミナー 51・10(通号622号)
• 作者: 佐々木雅寿;佐々木雅寿;Masatoshi SASAKI;Masatoshi SASAKI;佐々木雅寿;佐々木雅寿;Masatoshi SASAKI;佐々木雅寿;佐々木雅寿;Masatoshi SASAKI;佐々木雅寿;長井長信
• 通讯作者: 長井長信