On the Protection of Creditor Benefits in Chinese Company Law
Lin Yi
Abstract
Lin Yi
Abstract
With the development of the socialist market economy,there are more and mare companies in our country.As the cunrrent law provides,the types of company in our country are the limited company and the company limited by shares.This system protects the benefits of the shareholders and promotes the development of the economy,while the biggest irregularity is not to protect the creditors completely and the shareholders abuse the company personality which often does harm to the credi- tors' benefits.This article discusses the company limitation of our country and the problem d the legal protection of the creditors,in order to be advantageous to the lawrnaking and the study that protects the creditor benefit.
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With the development of the socialist market economy,there are more and mare companies in our country.As the cunrrent law provides,the types of company in our country are the limited company and the company limited by shares.This system protects the benefits of the shareholders and promotes the development of the economy,while the biggest irregularity is not to protect the creditors completely and the shareholders abuse the company personality which often does harm to the credi- tors' benefits.This article discusses the company limitation of our country and the problem d the legal protection of the creditors,in order to be advantageous to the lawrnaking and the study that protects the creditor benefit.
Key concepts: Creditor, Shareholder, Harm, Business, Order (exchange), Corporate law, Subsidiary, Finance