Approach The Issues Concerning The System Of Company Liquidation

In modem economic society,the company has always been an important role of the market. Generally speaking,In a healthy and orderly market environment, a company is free to start or close with following the Proper orders. Similar to human being is birth and death,companies should also experience the Process of set-up and termination. Comparing with the system of company establishment,company liquidation system appears too simple. The benefit of creditors and stakeholder frequently suffers from our crude and simple company liquidation system in the Practice. As the last period of corporation is personality , liquidation legal system bears the responsibility of equilibrating the interests of the creditors and shareholders of the competitions,avoiding the dispute caused unequal interests and guarantee the stability of the social economic order. Compared with some developed foreign countries and regions,China is company liquidation legislation remains rough,the deficiencies existing in clearing system created a lot of inconvenience in Practice.This Paper compares different countries and Parts of the company liquidation Proceedings,with the detailed reviews of existing companies in liquidation Proceedings in China and makes an umber of suggestions,With a hope to improve the legal system of company in China.