This paper presents the results of the empirical study of China’s cases of reverse piercing of the corporate veil.The empirical study shows that: the rate of support for reverse piercing is low, the piercing application standards are different, and the basis of judgement is complex and varied. The main reason for such problems is that the current company law in China lacks the basis for the judgement of reverse piercing of the corporate veil; the applicable standards are unclear; and it is difficult to balance the interests of shareholders and creditors, the company and its stakeholders. This article is intended to draw on the practice and experience of the U.S. reverse corporate veil piercing system and make suggestions for the construction of a reverse corporate veil piercing system in China. In the future, the company law should be revised and judicial interpretations should be formulated to establish a direct normative basis for reverse piercing of the corporate veil; the application standards should be clarified, and a mechanism for coordinating relevant interests should be constructed.

Lin Jianqun. Empirical Study of the Reverse Piercing of the Corporate Veil. International Journal of Frontiers in Sociology (2023), Vol. 5, Issue 14: 15-22. https://doi.org/10.25236/IJFS.2023.051403.

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