Research On The Legal Relief Of Limited Liability Company Deadlock

Limited Liability Company is one of the most popular business organizations forits limited liability of shareholders by their subscripted capital contribution. However,the collaboration of human resource of Limited Liability Company directly leads tothe feature of closely-held companies, which makes the situation of corporatedeadlock frequently occurring in such a company.The legal solution for corporate deadlock in China is very individualized and roughwhich cannot adapt the demand of practical situation. The thesis hereof proposessome advices in order to improve the legislative and build the legal system. The thesisif divided into five chapters:Chapter1: summary of corporate deadlock. Corporate deadlock is originated fromAnglo-American Legal system where there is no corresponding word in the Civil LawSystem. And this chapter introduces the basic theory, causes and detriments ofcorporate deadlock in general.Chapter2: foreign judicial remedies for corporate deadlock. This chapter mainlyintroduces the judicial remedies of western developed countries, for instance,compulsory dissolution, the system of mandatory tender offer, provisional director,and appointment of custodian, and the experience for reference.Chapter3: deficiency of Chinese judicial remedies for corporate deadlock. Agrowing number of corporate deadlocks occur in the limited liability companies; inthe meanwhile, such disputes cannot be well-solved according to Chinese CompanyLaw nowadays for there’s no practical implementation and legal procedure.Chapter4: establishing methods of judicial remedies for corporate deadlock,including materialization of judicial dissolution, compulsory transfer of shareholding,expulsion of shareholder, compulsory separation.Chapter5: summary of the whole thesis in brief.