title: The liability of the principal company for the obligations of a subsidiary: Сomparing the analysis of the Russian and Chinese legislation
metadata.name: dc.contributor.author
metadata.value: Sun, Qi
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2020-07-09T20:49:47Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2020-07-09T20:49:47Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2020-06
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Sun Qi. 2020. “The liability of the principal company for the obligations of a subsidiary: Сomparing the analysis of the Russian and Chinese legislation”. Vestnik of Saint Petersburg University. Law 2: 464–480.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu14.2020.214
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/18624
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The foundation of the modern economy both in China and Russia is the activities of companies.
  Development of jurisprudence had led to the creation of a legal entity model as a separate
  and independent subject of relationships. Entrepreneurs in China and Russia establish legal
  entities and conduct their business in such a way. A large and complex business is organized
  by the model of a holding. A holding consists of a parent company and a subsidiary company.
  As legal entity is separate and independent, it is not liable for the subsidiary company’s debts.
  Today where the holding model is used, there are some problems related to the standardization
  of work in a subsidiary, obtaining a balance of interests between the parent company,
  subsidiary company and creditors, and legal liability of the parent company for the subsidiary.
  This article is devoted to issues associated with the liability of a parent company for a subsidiary
  company both in China and Russia. Research is based on Chinese and Russian law, and
  regulations concerning corporate relationships as well as on a summary of court rulings. The
  article deals with China’s and Russia’s laws and regulations on legal liability such as Chinese
  and Russian law on companies, other legal acts about the legal status of a parent company and
  subsidiary company. The author analyses complicated issues regarding holding a parent company
  responsible for obligations of a subsidiary company according to Chinese and Russian
  law. Shareholders of a subsidiary company often abuse the independent nature of a company
  resulting in damages for third parties (for example the company’s creditors). Chinese and
  Russian law should control abuses and misuses of the law. Conclusions made in this article,
  from comparative research in Chinese and Russian law regarding the liability of a principal
  company, can be taken into account by lawmakers within the framework of measures for enhancing
  legal regulation of the abovementioned problem.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Vestnik of St Petersburg University. Law;Volume 11; Issue 2
metadata.lang: -
metadata.name: dc.subject
metadata.value: law of the people’s Republic of China
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: comparative analysis
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: corporate responsibility
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: main company
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: subsidiary company
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: The liability of the principal company for the obligations of a subsidiary: Сomparing the analysis of the Russian and Chinese legislation
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 464-480.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/18624/1/464-480.pdf
resources.format: Adobe PDF
resources.size: 742,04 kB