LW6134 Chinese and Comparative Company Law
comparative Taiwan Official translation

Taiwan Company Act

公司法

Taiwan's principal company statute, including Article 1's permissive CSR language and Article 154's codified exception to shareholder limited liability for severe abuse of corporate personality causing payment difficulty.

Open source

Brief English Introduction

Article 1 states the company’s profit-making orientation and permits companies to take public-interest actions to fulfill social responsibility. Article 154 starts from the limited-liability baseline for shareholders, then adds a statutory abuse rule: where a shareholder severely abuses the company’s legal-entity status, causing the company to incur specific debts that are apparently difficult to pay, the shareholder may be liable for those debts if necessary.

Use It For

Use this alongside PRC Company Law Articles 20 and 23 and Civil Code Article 83 to compare CSR drafting and codified veil-piercing models across the Taiwan Strait.

Teaching Notes

Taiwan’s CSR language is more permissive than PRC Company Law Article 20. Its veil-piercing provision is also narrower in wording than PRC Article 23 because it does not separately codify horizontal veil piercing among commonly controlled companies.