资源描述:
《Application of “Deep Rock” Doctrine and Its Reference 法律英语论文》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库。
1、Applicationof“DeepRock”DoctrineandItsReferenceAbstract:Withthedeepeningoftheeconomicglobalization,corporationplaysamoreandmoreimportantroleintheworld.Corporationasagreatinventionownsanindependentpersonality,whichbringsusboomingeconomy.Butonceabusedintentionally,itwilldeg
2、enerateintoaninstrumenttodefraudthecreditorsorthepublic.Inordertodecreaseitsnegativeeffectsandsustaintheboomingmarket,“DeepRock”doctrineaswellastheDisregardingoftheCorporateEntity,isfirstlyusedintheAnglo-Americanlegalfamiliestoregulatethecorporation,althoughChinaaccepted
3、theinstitutionofdisregardingofthecorporateentityinthenewCompanyLawofthePeople'sRepublicofChina,“DeepRock”doctrineisstillneitherembracedinitorinthenewlyenactedLawofthePeople’sRepublicofChinaonEnterpriseBankruptcy.Thisarticleespeciallypressesonthecomparisonbetweenthetowfor
4、esaiddoctrinesandaimstogivethepracticalmethodtoapplyitinChina.Keywords:“DeepRock”doctrine;DisregardingoftheCorporateEntity1Introductionof“DeepRock”doctrineCorporationistheproductofthematureeconomy.Onceborn,thisgreatinventionshowsitsamazingpowerinthedevelopmentofmarketand
5、soonbecomestheengineoftheeconomy.Allitsadvantagescanbeattributedtoitstwofootstones—independentpersonalityandlimitedliability,however,everycoinhastwosides;everybusinesscompanyisorganizedandcarriedonprimarilyfortheprofitsoftheshareholderswhichconflictsthepublicinterest,and
6、itsmeritsalsocanbepervertedasaninstrumentforapprovingtheevilswhichimpairtheinterestsofthecreditorsandthepublic.Inthedevelopedcountries,especiallyintheU.S.A.,thedilemmaproveditselfmoreandmoreobviously.Therefore,theDisregardingoftheCorporateEntitywasconfirmedbyaseriesofjud
7、gment,subsequentlysomeimportantprinciplesanddoctrinesdeveloped,deeprockdoctrineisoneofthem.“DeepRock”doctrineisaruleofbankruptcylawintheUnitedStates,whichisdevelopedbytheU.S.SupremeCourtinthecaseofTaylorv.StandardGasCo.,306U.S.307(1939).Therulerequiresthat,whereasubsidia
8、rycorporationdeclaresbankruptcyandaninsiderorcontrollingshareholderofthatsubsidiarycorporationassertscl