Abstract In our newly revised Companies Act (2005), the doctrine of piercing the corporate veil has been firmly introduced. However, this doctrine incurs many arguments among western scholars.This article believes that these arguments have split into three main arguments which are for, against, and modification. For the current development of Chinese company law, a modified for piercing the corporate veil is more favorable. Based on the idea of modification,Chinese company law appears to form its own principle which is composed of limited application and categorized application. These two are to ensure a more predictable and principled corporate veil piercing in China, and a modified western doctrine to serve Chinese company law theories and practice as a whole.
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Received: 09 October 2008
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Corresponding Authors:
LIU Nai-rui
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