Conflict And Coordination Of Limitation Fund And Bankruptcy Law

Together with the decline in shipping business,plenty of shipping firms have went into bankruptcy,which may result in the possibility of the application of maritime law and bankruptcy law.However,as maritime law aims to protect ship firms,this may bring a conflict with the goal of bankruptcy law,which is to protect creditors.As the special institution in maritime law,Limitation Fund has expressed various conflicts between the two systems,such as the jurisdiction and liquidation order and so on.Based on this analysis,this paper has provided types of methods to coordinate through legal construction and legal modification.Moreover,as maritime law has been permeated to different areas,this paper aims to search for the relationship between the self-contained characteristic of maritime law and the principle of respect for non-bankruptcy rules.