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- W2369248030 abstract "The term was first addressed formally in the Companies Act 1980 of UK,and established a standard definition in the Companies Act 1985,and was later regulated in the Company Director Disqualification Act 1986,the Financial Services Act,and the Insolvency Act 1986. Cases such as the Official Receiver of Re Tasbian Ltd (No.3) vs. Nixon demonstrated the explication and adoption of shadow directors. Though not as directors,shadow directors can control the operators of the company by virtue of their position in the company. Thus those actually controlled the operation of the company will assume the director's liability. In judicial practice,the liability of shadow directors,which often imposed in bankruptcy or insolvency of the company,has a particular positive effect in protecting the creditors' interests,from which we can take reference in our country's pertinent legislation and judicial operation." @default.
- W2369248030 created "2016-06-24" @default.
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- W2369248030 date "2010-01-01" @default.
- W2369248030 modified "2023-09-28" @default.
- W2369248030 title "Comment on Shadow Directors System in British Laws" @default.
- W2369248030 hasPublicationYear "2010" @default.
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