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- W2389461472 abstract "Second Council Directive 77/91EEC is harshly criticized being rigid and cumbersome. Obviously, legal capital regime does not accomplish its goals to protect creditors adequately. The Second Council Directive was amended in September 2006. The amendment and the debate and revaluation of the legal capital regime in Europe deserve consideration and examination. Creditors can be better protected if solvency test is developed. Also we need to establish and implement other creditor protection rules, such as equity subordination, piercing the corporate veil, prohibited fraudulent conveyance and duties of insolvent company’s directors to creditors. It is also benefit to study the efficiency the amendment achieved." @default.
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- W2389461472 date "2007-01-01" @default.
- W2389461472 modified "2023-09-23" @default.
- W2389461472 title "The Reform of Legal Capital Regime in EU and Its Influence to China" @default.
- W2389461472 hasPublicationYear "2007" @default.
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