Analysis The Disregard Of Corporate Personality Case Of Baofeng V. Zhixin

Company as the main form of the modern enterprise, its main feature is independent legal personality and shareholders limited liability. The emerging of corporate personality system provides a strong driving force for China's economy. As is know to us no system is perfect. Problems seem to occur during the course of operation. It is often reported that controlling shareholders of the company spoil the benefits of creditors by abusing the rights of corporate personality. Disregard of Corporate Personality set in Corporation law might protect creditors'rights from being infringed.This system could make up inherent defect of Corporation law to a large extent.This paper demonstrates the application of Disregard of Corporate Personality in current judicial system,then summarizes and analyzes the related theroy and point in dispute. The paper consists of the preface, the three-chapter text and the conclusion. The main contains Overview of Bao Feng Case. Essential elements of application of Disregard of Corporate Personality System.Procedural issues of Disregard of Corporate Personality System in judicial practice,and, Some conceived plans on consummation of Disregard of CorporatePersonality System in PRC.