Research on Relevant Issues of Creditors’ Interest Protection in Chinese Authorized Capital System
- DOI
- 10.2991/icemct-15.2015.83How to use a DOI?
- Keywords
- Authorized capital system, Legal capital system, Company Law, Creditors’ interest protection
- Abstract
Protection of shareholders and creditors’ interest is the important function and objective of corporate capital system. The Company Law of the People’s Republic of China newly revised in 2014 modifies the compromise capital system as authorized capital system; although the efficiency is improved through this change, the protection on creditors’ interests is weak. Due to late starting of Chinese authorized capital system, there exist many principal and system-related defects, which causes crisis in creditors’ interest protection. However, the practical experience of authorized capital system in western countries can provide certain references to China. This paper aims at carrying out a discussion on perfecting legal system with respect to creditors’ interest protection in Chinese authorized capital system.
- Copyright
- © 2015, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Xiaohua Liu PY - 2015/06 DA - 2015/06 TI - Research on Relevant Issues of Creditors’ Interest Protection in Chinese Authorized Capital System BT - Proceedings of the 2015 International Conference on Education, Management and Computing Technology PB - Atlantis Press SP - 383 EP - 387 SN - 2352-5398 UR - https://doi.org/10.2991/icemct-15.2015.83 DO - 10.2991/icemct-15.2015.83 ID - Liu2015/06 ER -