Xian Gongsi Hetong Guize de Fa yu Jingji Xue Fenxi
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Due to the lack of purpose-built provisions in pre-incorporation contract under China's Company Law, the judicial practice in this area of law in that country has been in a state of flux for a long time. The best way of ending this unsatisfactory state of affairs is to enact a pre-registration transaction regime. The purpose of this article is to reveal the most efficient rules on pre-incorporation transaction through an economic analysis of default rules. The conclusion that this research has reached is that the optimal rule on pre-incorporation mcontracts under China's current company system is the "personal (i.e., the promoter's) liability rule
Falu yu Shehui Kexue
Copyright 2009 Law Press - China. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
Corporations and Associations Law