On The Disregard Of Corporate Personality

The corporate-legal-person system chiefly embraces the independence of corporate personality and limited liability of shareholders.In this way, a legal shelter has been set up between the investors and the creditors, therefore, the balance of interestes has been achieved.But in fact, the shareholders abuse the corporate personality in real life, which leads to the unbalanced interests of the shareholders and the creditors. So, a kind of system must be established to regulate the act of shareholders. This is so-called disregard of corporate personality .This article starts from the birth and meaning of this system to the international comparative research and applied research .Then, points out it is time to establish this system for our country .