现行司法裁判规则在处理股权回购型对赌协议的履行问题时，直接将减资程序作为股权回购的前置条件，并且缺乏对回购资金来源的限制，造成目标公司股权回购义务的履行障碍。背后原因是资本维持原则限制和法律规定不明确与复杂多变的商事实践活动不相适应。其解决途径是在资本维持原则的基础上，解绑减资与股权回购，引进回购资金来源限制并通过增设对赌投资的公示制度、完善类别股制度和按出资比例回购股权，在不损害债权人和股东利益的前提下，最大限度地确认股权回购型对赌协议的可履行性，实现投资方、债权人、公司及其股东各方利益平衡。

When dealing with the fulfillment of share repurchase-type valuation adjustment mechanism, the existing rules of judicial decision-making directly take the capital reduction procedure as a precondition for share repurchase, and the lack of restriction on the source of funds for repurchase causes obstacles to the fulfillment of the target company's obligation to repurchase its share. The reason behind is that the restriction of the capital maintenance principle and the lack of clarity of the legal provisions are not compatible with the complex and changeable commercial practice activities. The solution is to unbundle the capital reduction and share repurchase on the basis of the capital maintenance principle, introduce the restriction on the source of repurchase funds and through the reasonable design of the system to show the valuation adjustment mechanism, improve the class share system and repurchase the share according to the proportion of the capital contribution, to maximize the confirmation of the fulfillment of the share repurchase-type valuation adjustment mechanism and achieve the balance of interests of investors, creditors, the company and its shareholders, without harming the interests of the creditors and the shareholders.