揭穿公司面纱,保护从属公司债权人

Piece the Veil of Corporate to Protect Creditors in Subordinate Companies

现代公司资本结构包括股权资本和债权资本两大部分。在单一公司情形下,公司资产状况较为清晰、独立,债权人可以较容易地获知相关财务、运营信息,从而对是否以债权人身份介入该公司做出理性判断。然而,在关联公司框架下,公司资本三原则是否依旧发挥着保障公司外部债权人财产安全的功效?股东有限责任能否成为控制公司逃避债务的正当理由?只有揭开控制公司有限责任的面纱,才能讨论控制公司与从属公司债权人的利益平衡与保护问题。

Equity and debt make up the capital structure of modern corporations.In normal companies,the situation of corporate capital appears to be clear and independent.Creditors can always make sensible decisions according to the reliable information about the finance and operating situation of certain companies.However,in the system of affiliated corporations,can the principles of corporate capital still serve as a protection of creditors？ Will the limited liability of shareholders become a legal excuse for controlling companies to avoid the duty of paying debt？ This article will piece the veil of controlling companies,and try to find out the way in balancing the interest of controlling companies and creditors of subordinate companies.