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1、Applicationof“DeepRock”DoctrineandItsReferenceAbstract:Withthedeepeningoftheeconomicglobalization,corporationplaysamoreandmoreimportantroleintheworld.Corporationasagreatinventionownsanindependentpersonality,whichbringsusboomingeconomy.Butonceabusedintentionally,itwilldegenerateintoaninstrumentt
2、odefraudthecreditorsorthepublic.Inordertodecreaseitsnegativeeffectsandsustaintheboomingmarket,“DeepRock”doctrineaswellastheDisregardingoftheCorporateEntity,isfirstlyusedintheAnglo-Americanlegalfamiliestoregulatethecorporation,althoughChinaacceptedtheinstitutionofdisregardingofthecorporateentity
3、inthenewCompanyLawofthePeople'sRepublicofChina,“DeepRock”doctrineisstillneitherembracedinitorinthenewlyenactedLawofthePeople’sRepublicofChinaonEnterpriseBankruptcy.ThisarticleespeciallypressesonthecomparisonbetweenthetowforesaiddoctrinesandaimstogivethepracticalmethodtoapplyitinChina.Keywords:“
4、DeepRock”doctrine;DisregardingoftheCorporateEntity1Introductionof“DeepRock”doctrineCorporationistheproductofthematureeconomy.Onceborn,thisgreatinventionshowsitsamazingpowerinthedevelopmentofmarketandsoonbecomestheengineoftheeconomy.Allitsadvantagescanbeattributedtoitstwofootstones—independentpe
5、rsonalityandlimitedliability,however,everycoinhastwosides;everybusinesscompanyisorganizedandcarriedonprimarilyfortheprofitsoftheshareholderswhichconflictsthepublicinterest,anditsmeritsalsocanbepervertedasaninstrumentforapprovingtheevilswhichimpairtheinterestsofthecreditorsandthepublic.Inthedeve
6、lopedcountries,especiallyintheU.S.A.,thedilemmaproveditselfmoreandmoreobviously.Therefore,theDisregardingoftheCorporateEntitywasconfirmedbyaseriesofjudgment,subsequentlysomeimportantprinciplesanddoctrinesdeveloped,deeprockdoctrineisoneofthem.“DeepRock”doctrineisaruleofbankruptcylawintheUnitedSt
7、ates,whichisdevelopedbytheU.S.SupremeCourtinthecaseofTaylorv.StandardGasCo.,306U.S.307(1939).Therulerequiresthat,whereasubsidiarycorporationdeclaresbankruptcyandaninsiderorcontrollingshareholderofthatsubsidiarycorporationassertscl