Corporate Personality Denied System

The system of disregard of corporate personality as amended, the important part of the Companies Acts, has been regarded as one of the principles which protect the system of the corporate personality by both case law and civil law systems. It refers to such a system that in a concrete legal relation, which based on a specific reason, denying corporation's independent legal personality and affixing legal liabilities to shareholders, in order to achieve the aim that the liabilities can be placed on between the shareholders and relative dealer. China Companies Acts has a history with no more than ten years. The system is first regulated in the new Companies Acts to be carried into execution in 2006. It is of great significance. However, it is regrettable that there are a few relative items and it is still lacking in implement. The author will adopt the comparative way to study the system's history, theoretical basis and applicable situations, and also consider abroad legislation and administration of justice, so as to analyze our system of disregard of corporate personality. At last the author makes a suggestion on how to improve the system applied to China for the equity and justice.