This book discusses the mechanism of shareholder distribution restriction for creditor protection through an interdisciplinary lens.
Identifying an optimal model of shareholder distribution regimes through a comparative study of the UK and China, the book explores how these regimes can function as a creditor protection mechanism by which distributions to shareholders are regulated to safeguard creditor interest. Calls for regulatory reforms in China have sprung from a high volume of shareholder-distribution-related litigations with inconsistent court decisions. Meanwhile, the UK adopts two models concurrently: capital maintenance rules for public companies and solvency tests for private companies. This book critically evaluates the efficacy of these two models in addressing the fundamental interest of company creditors, namely, the solvency of the company following distribution. Guided by legal transplant theories, this book examines the fit and feasibility of transplanting the UK's distribution models to China.
The book will be of interest to researchers, students and practitioners in the field of company law, finance law, accounting and banking law.
Reihe
Sprache
Verlagsort
Verlagsgruppe
Zielgruppe
Für höhere Schule und Studium
Für Beruf und Forschung
Postgraduate
Illustrationen
2 s/w Zeichnungen, 9 s/w Tabellen, 2 s/w Abbildungen
9 Tables, black and white; 2 Line drawings, black and white; 2 Illustrations, black and white
Maße
Höhe: 240 mm
Breite: 161 mm
Dicke: 17 mm
Gewicht
ISBN-13
978-1-032-89614-4 (9781032896144)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Klassifikation
Xuedan Xiong (LLB, LLM, PHD) has been a commercial and company law practitioner for over 20 years and has recently completed her PhD in the comparative study of shareholder distribution regimes in the UK and China. Her research interests lie in company law, comparative study, interdisciplinary study, and law and economics.
1. Introduction
2. The Need for Mandatory Rules to Restrict Shareholders' Distributions
3. The Indispensable Role of Accounting in the Development of Shareholders' Distribution Regime
4. Capital Maintenance versus Solvency-Based Regime
5. China Compared with the UK: Provisions and Practice
6. Exploring an Optimal Model of Shareholders' Distribution Regime in China
