Chinese and Comparative Company Law Case Study Example | Topics and Well Written Essays - 1500 words

Chinese and Comparative Company Law - Case Study Example Nowadays, globalization has become a trend. If we want to develop our economy, we'd better cooperate with others and adjust ourselves to the environment. In such a situation, more and more foreign companies have swarmed into China and become one of the strong strength to support the development of the economy. In our country, there are also many aspects of company law in order to protect people's legal profit. For instance, there is an established system of the company, the capital system of the company and the restructuring system of the company. Company law is concentrated on the management of the companies. It is helpful for all of the stuff to get equal chances and gain equal treatment. For the head of the companies, it is good for them to organize and manage the whole company much better. "The company law is just like a pair of glasses for the shortsighted. Putting on it, you can see much clearer and strengthen your judgment. Without it, you shall not have sharp insight. "2 It is a good metaphor. If there is no law for a company, we have no way to protect people's legal right and the equal computation will get nowhere. Besides, it also can limit some people's right who are in high position. "If a member of a liquidation group is found to have abused his or her power to seek personal g ains by resorting to deception, or speculated the company's property, he or her shall be ordered to return the property to the company, have the illegal proceeds confiscated and be imposed a fine one time to five times the amount of the illegal proceeds. If the case is serious enough to constitute a crime, criminal responsibility shall be affixed according to law."3 Aim at not abusing the right, the law has made out the punishment. If anyone confirms it, they will be punished undoubtedly. Although the company law is just one part of Chinese law, it also promotes Chinese law's development. In worldwide, merger&acquisition companies have become one of the most popular forms. However, the complicated work model must be under the control of sound law. Merger&Acquisition Company is considered as a kind of system to welcome winners and eliminate losers in nowadays economical condition.