Title: Some Reflections on Validity of the Independent Corporate Liability
Abstract: The independent corporate liability was shaped by using the USSR Civil Law Code for reference during the transition from China's planned economy to a market one.The independent corporate liability,the characteristic China's legal concept,occupies a crucial position in China's Civil Law,which embodies whether China' General Principles of the Civil Law independently assumes the Civil Responsibility judged as one of the symbols of the possibility of gaining corporate capacity for a group.However,the independent corporate liability can't meet the need of market economy any more.Therefore,it is necessary to reflect the system of legal independent corporate liability and open up a new road of China's independent corporate liability system.
Publication Year: 2011
Publication Date: 2011-01-01
Language: en
Type: article
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