deep rock doctrine

Deep Rock doctrine. Bankruptcy. The principle by which unfair or inequitable claims presented by controlling shareholders of bankrupt corporations may be subordinated to claims of general or trade creditors. • The doctrine is named for a corporation that made fraudulent transfers to its parent corporation in Taylor v. Standard Gas & Elec. Co., 306 U.S. 307, 59 S.Ct. 543 (1939). [Cases: Bankruptcy 2968. C.J.S. Bankruptcy § 264.]

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词条贡献者

资深译员Betty，知名法学院国际金融法专业，擅长翻译各类与并购业务相关的法律文件。