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投资项目资金托管机构的合规实务与风险防范
Sou Hu Cai Jing· 2025-10-03 02:53
在投资项目全流程中,第三方资金托管机构(银行、信托公司等)作为 "资金安全的守护者",承担着资金保管、划付监督、信息披露等核心职责,是连接 投资方、被投资方的关键纽带。随着投资模式多元化(如私募股权融资、跨境投资、产业基金),托管机构面临的 "履职边界模糊、资金挪用风险、纠纷追 责压力" 日益凸显。本文由上海锦天城(重庆)律师事务所高级合伙人李章虎律师及团队,在总结实务经验基础上撰写,从托管机构核心需求出发,系统梳 理投资项目资金托管各阶段的合规要点、与各方协同机制及风险防范策略,为托管机构精准履职、规避法律风险提供参考。 托管前准备是确保后续托管工作有序开展的前提,核心目标是清晰界定托管职责、核查托管协议合规性、验证交易主体资质,避免因 "前期约定不清" 导致 后续履职纠纷。 托管协议是界定托管机构与委托方(通常为投资方或基金管理人)权利义务的核心文件,需重点审查以下条款,避免 "超范围履职" 或 "责任兜底": • 托管职责范围界定:明确托管机构的核心职责为 "资金保管、按指令划付、资金流水记录、定期报告",坚决排除 "投资决策、风险评估、业绩承诺" 等非 托管职责。例如:协议中不得约定 "托管机构对投资 ...
特朗普耐心耗尽?关税重压中印买家,全球石油贸易链风声鹤唳
Sou Hu Cai Jing· 2025-09-14 07:27
Group 1 - The U.S. and its allies are considering a structural upgrade in sanctions against Russia, focusing on asset freezes and tariffs on countries purchasing Russian oil [1][2][8] - Discussions have intensified regarding the legal mechanisms to utilize frozen Russian assets, estimated between $280 billion to $330 billion, to support Ukraine's defense and reconstruction [5][7][10] - The U.S. Treasury has proposed imposing secondary tariffs, potentially up to 100%, on countries that continue to import Russian oil, targeting major buyers like China and India [5][14][16] Group 2 - India has requested larger discounts on Russian oil to offset the impact of proposed tariffs, with discounts rising from a few dollars to nearly $10 per barrel [12][16] - The European Union is divided on the implementation of tariffs and asset utilization, with some members advocating for a swift exit from Russian energy imports while others emphasize the need for legal stability [12][22] - Legal challenges exist regarding the use of frozen assets, as international law protects sovereign assets from seizure, raising concerns about potential lawsuits and market trust [20][24] Group 3 - The U.S. aims to cut off funding sources for Russia's military by disrupting its oil revenue through tariffs and asset utilization [8][18] - The complexities of asset management and legal frameworks may delay the implementation of proposed policies, with ongoing discussions among G7 and EU members [24] - The potential for market volatility exists if frozen assets are liquidated, as many are held in stocks or government bonds [24]