Improvement on the Initiator and Causes of Current "Piercing the Corporate Veil" System

DOI

10.2991/icmess-17.2017.124How to use a DOI?

Keywords

disregard of corporate personality; initiator; legal causes; public interests

Abstract

In the wake of cancellation of the minimum corporate registered capital by Chinese Government, the small-micro private enterprises will witness a drastic growth. Under this circumstance, after comparing "piercing the corporate veil" system with foreign countries-especially the U.S.-we can draw some lessons. Pertinent corrective actions shall be carried out for the purpose of avoiding abusing of the "Piercing the Corporate Veil" system. For my part, initiators are recommended to be expanded to corporate staff and environmental public interest litigation subjects, and the causes for initiation should be maintaining of their own interests or the corporate interests and maintaining of public interests or non-specific group interests. So we can partly perfect this important regulation to serve the rapid growth of economy.

Copyright

© 2017, 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/).

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TY  - CONF
AU  - He Sui
PY  - 2017/06
DA  - 2017/06
TI  - Improvement on the Initiator and Causes of Current "Piercing the Corporate Veil" System
BT  - Proceedings of the 2017 International Conference on Management, Education and Social Science (ICMESS 2017)
PB  - Atlantis Press
SP  - 533
EP  - 535
SN  - 2352-5398
UR  - https://doi.org/10.2991/icmess-17.2017.124
DO  - 10.2991/icmess-17.2017.124
ID  - Sui2017/06
ER  -