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implementation of the act Stockholder'Limited responsibility is to use the power of legal norms rights abuses .

Disregard of Corporate Personality has become the two legal systems on the corporate principle of complementarity , is a limited liability company shareholders exclusions and exceptions , is conducive to safeguarding the legitimate rights and interests of creditors , safeguarding the interests of society , the pursuit of legal justice and fairness .

Corporate system on world economic development impact is immeasurable , as mentioned, it is also a double-edged sword , at the same time maximize shareholder , may also become a shareholder harm creditors and social interests. Whether civil law or common law . Disregard of Corporate Personality is to stop this behavior exists. It was first applied in the judicial precedents , and are in the form of case law exists. However, specific provisions and operation of two legal systems have different methods . Common law countries advocated lifting the corporate veil , the behavior of direct implementation of harm shareholders liable for the debts of the company ; in civil law countries , due to abuse of the independent personality while the third member of the company losses , the court will be strict limited liability principle instead of make it on their own behavior and assume responsibility for the company's debts .

The United States is a founding Disregard of Corporate Personality , in the United States known as the " principle of piercing the corporate veil " and subsequently Britain, Germany , France and other countries to accept and adopt . After a long practice , some have been absorbed by statute .

American " piercing the corporate veil" The first case was in 1905 Milwaukee, United States v. Refrigerated Transport Company (USvMilwaukee Refrigerator Transalt Co) case . [ 3 ] case, the U.S. Court made it clear that , unless there is sufficient grounds for objection , in principle, an independent corporate personality is to be recognized , however, if a body independent personality is used to destroy the public interest , or to justify lawless or maintenance of fraud, or to protect the crime , the court will consider the disregard of corporate personality of a single entity held directly in the company , " veil" under the cover of the Shareholder's personal responsibility to achieve social justice . Since then , the company began to produce personality denial system and became a U.S. judicial rules . Under normal circumstances , the shareholders may reduce investment risk through the establishment of the company , limited liability. Compliance with the law as long as the shareholders , the company funded the establishment of legitimate purposes . If the company is deemed to evade or circumvent legal obligations debt instruments , a shareholder can not have limited liability .

 According to the provisions of the UK Companies Act 1980 , the number of shareholders of public companies authorized to seven people , the private company for 2 people . Less than a quorum in the case of shareholders continuing operations more than six months , any one member of the company , knowing these circumstances continue to participate after six months of business , the company's debt must be jointly and severally liable . UK Companies Act 1985, section 458 , section 213 Insolvency Act 1986 ,本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。