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重整计划执行期间破产债权人撤销权行使逻辑与制衡

Legal Logic and Checks in Bankruptcy Creditors'Avoidance Right During the Implementation of Reorganization Plans
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摘要 我国现行法律未对重整计划执行期间破产债权人行使撤销权作出限制,但重整计划草案经法院裁定批准进入执行期间,撤销权一经行使对债务人、债权人、投资人等利害关系人均有重大影响。鉴于破产债权人撤销权与民法典中的债权人撤销权在制度价值和设置目的上存在差别,破产衍生诉讼审理思路与一般民商事纠纷亦存在差别,本文认为是否允许债权人在重整计划执行期间行使撤销权需要从破产法的思维出发,将维持重整计划顺利执行作为基本出发点,充分考虑全体债权人利益保护、重整投资人利益保护,对此阶段的破产债权人行使撤销权进行必要限制。如果重整计划已经基本执行完毕,产业投资人不同意变更重整计划,无其他投资人追加投资,则不宜简单支持单个破产债权人在重整计划执行期间行使撤销权。 China's current laws impose no explicit restrictions on the exercise of the right of avoidance by bankruptcy creditors during the implementation of a reorganization plan.However,once a draft reorganization plan has been approved by court ruling and enters the implementation period,the exercise of such a right may significantly impact debtors,creditors,investors and other interested parties.Given the differences in the institutional value and purposes between the creditor's right of avoidance in bankruptcy proceedings and the general right of avoidance under the Civil Code,and considering the distinct trial approach in bankruptcy-related derivative litigation compared to ordinary civil and commercial disputes,this article contends that the permissibility of creditors exercising avoidance rights during plan implementation must be evaluated through the bankruptcy law paradigm.The fundamental point should start from ensuring the smooth implementation of the reorganization plan.It is necessary to impose appropriate constraints on the exercise of avoidance rights at this period,with full consideration of the interest of all creditors and the protection of the interests of restructuring investors.If the reorganization plan has basically been implemented,the industrial investor oppose changing the reorganization plan,and no other investor is willing to inject additional capital,it is not advisable to simply support the avoidance claim of an individual bankruptcy creditor during the implementation period.
作者 宁韬 Ning Tao
出处 《中国政法大学学报》 2025年第4期142-154,共13页 Journal Of CUPL
关键词 重整计划执行 债权人撤销权 制衡 implementation of reorganization plan creditor's avoidance right check and balance
作者简介 宁韬(1986-),女,安徽滁州人,现为北京市第一中级人民法院北京破产法庭副庭长。研究方向为民商法,破产法和民事诉讼法。
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