In 2005,the Chinese Company Law was revised for the first time in statutory form introduced Piercing the Corporate Veil.The establishment of this article will benefit Chinese legal system to prevent misuse of company ...In 2005,the Chinese Company Law was revised for the first time in statutory form introduced Piercing the Corporate Veil.The establishment of this article will benefit Chinese legal system to prevent misuse of company law risk,ensure the safety of transactions,safeguard the interests of the creditors,maintenance social and economic order,and to promote the healthy development of the socialist market economy.Nevertheless,as the abstraction of the provisions,lack of maneuverability,waiting in further refined standstill.展开更多
文摘In 2005,the Chinese Company Law was revised for the first time in statutory form introduced Piercing the Corporate Veil.The establishment of this article will benefit Chinese legal system to prevent misuse of company law risk,ensure the safety of transactions,safeguard the interests of the creditors,maintenance social and economic order,and to promote the healthy development of the socialist market economy.Nevertheless,as the abstraction of the provisions,lack of maneuverability,waiting in further refined standstill.
