- System of lifting - the - company - mask and amendment of chinese company act
- The case analysis on the legislation of one - man company and the system of piercing the corporate veil
- Analysis of the controversial issues regarding piercing corporate veil in the context of new corporate law
- This paper introduces the concept of one - man company , discusses on the legislation practice of one - man company , and analyzes on the restriction of the system of piercing the corporate veil to the one - man company
- In such context , some newly imported or currently discussed institutions such as " independent director system " , " piercing the corporate veil " would also face the danger of being aberrant
- The third part analyses concerning legal principles of regulating the affiliated company and points out the core of regulations is to prevent the abuse of holding power of the affiliated company . and the fourth part first states some basic legal problems of the affiliated company , and then reasons the principle of uncovering the veil of the company used in the affiliated company in details and protect the minority shareholders in the subordinate companies . the discussion mentioned above makes clear the legal responsibilities of the command company should shoulder in the affiliated transaction
- In order to avoid of chaos by abusing the corporate personality , and to protect the benefits of corporation creditors and small shareholders , and in honor of the public interests , and to ensure the business carry through smoothly , on the condition that the corporation is not being cancelled , and for the sake of revealing the law actuality under the corporation , the court will throw aside the independence of corporate personality , require the shareholder behind the curtain of the corporation bear the direct burden to the creditors , this doctrine called as " disregard of the corporative personality "
- The bankruptcy of a corporation is the end of the corporative personality , while the method called disregarding of the corporation personality is no mean by taking no cognizance of the independence of the shareholder , and the corporation under a certain case to uncover the corporation veil temporarily , and to let the shareholders behind the curtain come to the stage to bear the burden of discharging the related obligation directly , when the case is finished , after a reconstructing , the corporation personality is saved